•International News: Russia and China sound look out below warnings regarding once booming economies.
•Canadian Marketplace: Plan to contribute money into a TFSA plan next year? Should probably get in touch with your financial advisor or banking establishment for more information if you haven’t already done so. It’s the newest registered account that allows Canadians to watch their investments, including interest income, dividend payments, mutual funds and capital gains, grow tax-free. Contributions of $5,000 plus another $5,000 for your spouse are allowed each year beginning Jan. 1, 2009.
•Canadian Marketplace: One bright spot in yesterdays news–the energy sector grew by 1.2 percent on increased oil and gas extraction, and the finance and insurance sector rose 0.4 percent due to unusually high trading volume on stock exchanges.
US Marketplace: Bad news emerged today with consumer spending falling for a fifth straight month in November and incomes declining largely because of massive job layoffs.
•US Marketplace: American Express received preliminary approval for #3.39 billion smackeroos under the US governments’s $700 billion financial bailout program. Woes arose from apparently expanding too aggressively in some states in the last half decade or so.
…..Doug T
