Inflation leaps to decade high in Canada in May
Inflation in May rose 3.9 percent year over year, the fastest since 1991, aided by energy costs, tobacco taxes, and weak fruit crops. Analysts see one time factors rather than a new trend, though higher energy prices may delay Bank of Canada rate cuts.
MENTIONED IN THIS ARTICLE
Warren Lovely
Cibc World Markets
Toronto
Bank of Canada
Alberta
Rob Palombi
Standard and Poor
MMS
Marc Levesque
Toronto Dominion Bank
Levesque
Analysts wary of tech future
Analysts caution on tech stocks amid Nortel forecast huge quarterly loss of 19.2 billion US and plunging shares. JDS Uniphase and 360 Networks also hit new lows as market gloom persists, with experts urging discipline and vigilant monitoring rather than bold purchases.
MENTIONED IN THIS ARTICLE
Nortel Networks
Nortel
360
JDS
U.S
Cisco Systems
Ross Healy
Strategic Analysis Corp
TSE
Brian Acker
Acker Finley
Toronto
Nortel stock plunges as writedown and job cuts loom
The document chronicles Nortel Networks losing investor value in 2000 2001 with a $12.3 billion asset writedown and massive job cuts up to 14 000 announced across 2001 000 and 23 000 in Canada. It notes CEO retirement plans and profit warnings amid sliding stock price.
MENTIONED IN THIS ARTICLE
Aeune
Nortel
Toronto
John Roth
Clarence Chandran
Apri
Canada
Toronto Stock Market
New York Stock Exchange
TSE
Alteon WebSystems
CoreTek
Xros
Also Mentioned on This Page
the Canadian Press
Ottawa
Iwi
Stark
Gemarsh Ema
Alan Kiesman
Orsi
Wen Su
Avenue SE
Alberta Motor Association
Eg Relma
George El-Haouzi
Tech Future
The
Sup
Techi
Qtera Corp
Clarity Inc
Bay Networks
Northern Telecom
Cm” Market Report
Consumer
Roy Oz
Antilles
Tal
United States
Low S&p Finance
C S&p
Kinross Gold
Utl Stret
Bombard
Sceptre Inc A
BCE Inc
Tusk Energy
Bank of Mti
Fort Knox Gid
Abitibi-Cone
Brocker Tach
Mortice Kem
Nortel Ntwka Pf
Mindready
Ce * Ae Vonere
Hanger Ortho
Honeywell Int
Marvel Entros
Amer Online
Keystone Coas
Lucent Tech
Yanzhou Coal
At&t
Pfizer CitlGroup
Covanca Venator Group
Gompenyan
Chgyolone Company
Racifier
Cone Mills
Quanta Sve
Global Crossing
CIA Sid Naci
Bush Indie
Owens
True North
Moat
STS Maxim
Ait Trainin
Crowflight bin
Look Commons
So Kensini Res
Racom Venture
Philex Id
DTI Dental Tech
SunBlush Techs
Pallaum Mari
Cdn Imperial
Diversaflow
Rimfire Moe
Jaguar
Captech Multi
Homebant Tach
Eagc Ventures
IVS Intelignt
CFS Inti Inc
Clingwd Cap
Pargas
EaryRain
Minera Cortez
Eee
Pal
Oracle Sys
Intel
Harvard Biosci
McLeod USA
Exodus
Soneeny, Close Oe Cg
Sloss
Eng Volume
Mesaba
Axsys Tact
Commerce One
Canterby
McLeodusa Inc
Flour City
Riday Com
New York
Bridge Telerate x
Bank of Montreal
Australia
Austria
Bermuda
Brazil
Israel
Japan
Mexico
Romania
Russia
Saudi Arabia
Spain
Tanzania
Thailand
Trituma
Vant
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