Posted AT 10:38 AM EDT on 17/03/08
Central banks scramble to stem the bleeding
OTTAWA — The global credit crunch has now become a full-blown and rapidly deepening financial crisis that central banks are scrambling to contain, analysts say.
With the U.S. Federal Reserve taking more extraordinary measures over the weekend to mitigate the crisis and set financial institutions on a more stable footing, markets are on edge, with a wary eye on the U.S. dollar, financial stocks, and credit conditions around the world.
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Today's Markets
| Market | Change | Value |
|---|---|---|
| Data delayed 20 minutes | ||
| S&P/TSX | -41.16 | 13,709.32 |
| DJIA | -119.69 | 11,595.49 |
| S&P 500 | -11.75 | 1,288.93 |
| Nasdaq | -37.99 | 2,373.65 |
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Most Popular
| Rank | Headline |
|---|---|
| 1. | Sarah Palin: McCain's VP choice 12:22 PM
|
| 2. | Duceppe: Harper intent on fall election 12:53 PM
|
| 3. | The second coming of Peter Lougheed 28/08/08 5:47 PM
|
| 4. | Aussie swimmer says Phelps was lucky 10:43 AM
|
| 5. | Harper uses Trudeau's name to slam Dion 4:54 AM
|
| 6. | Oil will stay high as hurricanes recur: Rubin 11:11 AM
|
| 7. | 'You go from the top of the world to pushing paper, answering phones' 9:09 AM
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| 8. | Resale home listings hit record high 12:44 PM
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| 9. | Alaska governor moves to national stage 11:28 AM
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| 10. | Economy edges higher 9:35 AM
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