Posts by Canoe Money:

Clouds gather over global economies

Growth ground to a halt in the euro zone's private sector this month while China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a sharp slowdown in the global economy. The surveys were published just before European leaders meet for a crisis summit to hash out a second bailout of Greece and allay fears a debt default by Athens will poison access to the bond market for bigger states. Image is by Malene Thyssen.

TSX leaps on gold rally

Toronto’s main stock index finished higher Wednesday, led up by a sharp rise in gold-mining shares as investors sought safe havens. The price of gold surged to a record high near $1,590 an ounce as the possibility of more U.S. Federal Reserve stimulus.