a busy day in canada

Lots of news today for the Canadian economy…

“September employment soars unexpectedly“. The headline is that we added 107,000 new jobs which is 10 times what was expected. The part I think is kinda shocking: only 10,000 were full-time jobs. The rest are part-time.

“Ottawa buying $25 billion in mortgage pools“. I’m somewhat confused why this was their move to add liquidity. Why not guarantee 100% of retail deposits like Ireland just did? That’s also big news as basically every other EU nation will have to do the same.

“Loonie continues its decline“. It’s at $1.17 on the greenback. This is the best news I’ve heard in weeks.

reportonbusiness.com: Central banks slash rates in extraordinary move to ease crisis. “Central banks in Canada, the United States, Britain, the European Union, Sweden and Switzerland cut key lending rates by half a percentage point.” the next story is going to be about where to buy shotguns and canned food.

Cold Comfort -Times Online. if you haven’t heard, Iceland might be declaring bankruptcy (yes, the whole country). I haven’t found any really good articles explaining wtf happened but this one is a good start.

CONTEMPORIST » Walter Towers by Bjarke Ingels Group. crazy building going up in prague. looks like something you’d expect in china.

Basque Health HQ. Spaniards do love their modern architecture. the photos looks even better with the dark skies.

globeandmail.com: Canada-EU trade proposal rivals scope of NAFTA “also includes the free movement of skilled people”. hell yes. via amr.

Flush With Energy - Op-Ed - NYTimes.com. we could replace USA with Canada in this article just as easily. via boris.

property snake — find falling house prices in your area. housing listings from the UK. It must be mighty sad to see your home on the front page of this site. via amanda.

Jim Rogers on CNBC talking about fed bailouts and inflation rates. “I don’t want more regulation. If XYZ needs to go bankrupt, let them go bankrupt. you’ll have lots of self regulation after that”

BBC NEWS | Northern Ireland | Tourist ‘may now avoid Belfast’. two paddywagons set on fire in two weeks? when i took this trip the driver only told you after you left belfast that their buses occasionally get set on fire.

French Bank Says Rogue Trader Lost $7 Billion - New York Times. “This month Risk Magazine, a British publication, named SocGen “equity derivatives house of the year,” praising its ability to manage its risks.” This guy puts Nick Leeson to shame