It’s what that would mean that makes such a scenario unlikely, Mr. Shenfeld says.
Already, The Globe and Mail's Bertrand Marotte reports, Bombardier has been hit by the shutdown because it can't get two of its new planes delivered to U.S. customers.
- Kevin Carmichael: Republicans offer up short-term plan to avert U.S. default
- Bertrand Marotte: U.S. shutdown halts Bombardier aircraft deliveries
- Failure to raise U.S. debt limit would spark global recession: OECD
Flaherty urges end to QE
Canada's finance minister says the Federal Reserve should wind up its extraordinary bond-buying program with haste, warning the effort risks the long-term stability of the world's most import economy, The Globe and Mail's Kevin Carmichael reports.
"I don't think they should have done it in the first place," Jim Flaherty told reporters in Washington today when asked to share his thoughts on the Fed's controversial policy, known as quantitative easing, or QE. "Now that they have, they should get out of it as quickly as they can."
The comments are Mr. Flaherty's most expansive on a subject that has divided market participants and policy makers around the world.
911 needs emergency fix
Canada’s 911 system is plagued with numerous problems, including technology gaps, lack of oversight and inadequate funding, and is in dire need of an overhaul or risks falling apart as telecoms upgrade to new communications systems, a new report released today warns.
The blunt assessment from a former regulator will form the basis of a sweeping consultation on the future of 911 services by the Canadian Radio-television and Telecommunications Commission, The Globe and Mail's Rita Trichur reports.
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- Rogers CEO apologizes for outage, customers to receive one-day credit
- BlackBerry office in Halifax to shut down
- China, ECB strike currency swap deal