Canadian Dollar Reaches Parity

Canadian Dollar Trades Equal to U.S.

Canada's dollar traded equal to the U.S. currency for the first time in three decades, capping a five-year run on the back of booming demand for the nation's commodities. The Canadian dollar rose as high as $1.0008, before retreating to 99.87 U.S. cents at 4:16 p.m. in New York. It has soared 62 percent from a record low of 61.76 U.S. cents in 2002. The U.S. dollar fell as low as 99.93 Canadian cents today. The Canadian currency last closed above $1 on Nov. 25, 1976, when Pierre Trudeau was Canada's prime minister.

Billions Of Dollars

A Little Perspective on $87 Billion

On September 7th, 2003, President Bush announced on national television that he was going to ask the Congress to grant him an additional $87 billion dollars for the fiscal year, beginning October 1, 2004, to continue the fight on terror in Iraq and Afghanistan. Since before then, to the end of September, 2007, the United States has dedicated approximately $315 billion dollars to the cause. But these amounts of money are an impossible for anyone to visualize. Let's have a look

Iran Draws Up Attacks Plans

Iran Issues Israel Attack Warning

Iran has drawn up plans to bomb Israel if it launches an attack on Iranian soil first, military officials say. The deputy commander of Iran's air force said that in the "unlikely event" of an Israeli attack, Tehran could respond with air and missile raids.

Markets Soar After Rate Cut

Stocks Soar After Half-Point Rate Cut
A jubilant Wall Street barreled higher Tuesday after the Federal Reserve cut its benchmark interest rate by a larger-than-expected half percentage point. The Dow Jones industrial average reacted by surging 335 points its biggest one-day point jump in nearly five years.

Shadow Company

Spying On The USA - Michael McConnell

Russia and China 'Spying On US'

Russia and China are spying on US facilities at close to Cold War levels, the head of US intelligence has warned. Both were aggressively collecting information on the US, head of National Intelligence Michael McConnell warned.

180,000 Private Contractors In Iraq

180,000 Private Contractors Flood Iraq

The United States has assembled an imposing industrial army in Iraq larger than its uniformed fighting force and responsible for a such a broad swath of responsibilities the military might not be able to operate without its private-sector partners. More than 180,000 Americans, Iraqis, and nationals from other countries work under a slew of federal contracts to provide security, gather intelligence, build roads, forge a financial system, and transport needed supplies in a country the size of California.

Canadian Dollar May Pass US

Canadian Dollar Could Go Above U.S

Canada's dollar could easily overshoot parity with the U.S. greenback and go as high as $1.05 US over the next few months, says Helmut Pastrick, chief economist with the Credit Union Central of B.C.

Bombing Of Iran Already Being Planned

Bush Setting America Up For War With Iran

Senior American intelligence and defence officials believe that President George W Bush and his inner circle are taking steps to place America on the path to war with Iran, The Sunday Telegraph has learnt. Pentagon planners have developed a list of up to 2,000 bombing targets in Iran, amid growing fears among serving officers that diplomatic efforts to slow Iran's nuclear weapons programme are doomed to fail.

French Foreign Minister Comments Of War With Iran

France Ups Ante In War Of Words With Iran

On Sunday, Kouchner used the toughest language to date from a French minister, warning that "we have to prepare for the worst, and the worst is war." If Tehran possessed an atomic weapon, it would be a "real danger for the whole world," he said in an interview.