dipity

Tracking the economic meltdown March 2007 to May 2009

Created by dskok on May 28, 2009

Last updated: 03/06/10 at 07:11 AM

• HSBC Losses
  Mar 5, 2007

  HSBC, Europe’s biggest bank, reveals losses linked to U.S. subprime mortgages, and says the U.S. subprime market is “unstable” and in a “downturn.”

• Growth rate slows
  Mar 2, 2007

  Statistics Canada releases a report saying that the Canadian economy grew at an annualized rate of 1.4 per cent in the last quarter of 2006, the slowest growth rate in 3 years.