Markets rebound after Cyprus reaches last-ditch bailout deal

European shares rebounded and safe-haven German bonds fell early today after Cyprus clinched a last-ditch deal with lenders to bail out the debt-ridden island and avert a collapse of its banking system.

The Budget: Conservatives stick to deficit-cutting strategy

The Harper Conservatives stuck to their deficit-reduction mantra in a federal budget that includes departmental cuts, a clampdown on tax evasion and help for the manufacturing industry.

No crash in store for Canadian housing market: Scotiabank

TORONTO — A slowdown in Canada’s housing market will continue through 2013 and years of stagnation may follow, but no crash is likely because demographic trends will support demand in the medium term, a report by Scotiabank said on Monday.

Cyprus bailout deal rattles investors around the world

TOKYO — Stocks and commodities fell sharply in Asia on Monday as investors were rattled by a radical bailout plan for Cyprus and piled into safer assets including the U.S. dollar, gold and sovereign debt.

Canadian car buyers choosing long term financing and leases

Canadians have become much pickier about acquiring a new car or light truck, and one reason is surely the slowing economy.