Three First Nations, Crown corporation join to buy Jericho Lands in $307m deal

Three Lower Mainland First Nations have partnered with a federal Crown corporation to acquire three former federal government properties worth $307.2 million, including the 52-acre … Oct. 2, 2014, 7:49 a.m.. Real Estate. By Naoibh O’Connor/Vancouver …

‘Historic’ BC land deal makes feds, First Nations partners  Toronto Sun
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The Toronto stock market extended its losses Thursday with energy stocks leading a decline caused by the falling price of oil. The S&P/TSX composite index had declined 62 points to 14,647 by late afternoon, after being down 180 points earlier in the day.

In Depth: TSX sinks as oil falls below $90 a barrel  Financial Post
Canadian dollar gaining ground as reserve currency, IMF data shows

The Canadian dollar isn’t looking great compared to its U.S. counterpart of late, but foreign governments are buying up more loonies to keep in their currency reserves – a vote of confidence in the loonie over the long run.

Energy Prices Weigh on the Loonie  Forexrazor
CANADA FX DEBT-C$ firms as investors book greenback profits  Reuters
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The head of the International Monetary Fund says that six years after the financial crisis, the world is still mired in a disappointing economic recovery and will only be able to regain momentum through improved government policies.
Factory Orders Fall

WASHINGTON (October 2, 2014) Factory orders fell in August by the largest amount on record, but the big drop was heavily influenced by a plunge in volatile aircraft orders, the U.S.

US factory orders post record 10.1 percent decline as aircraft demand falls WallStreet OTC
Factory orders post record decline  Business Standard
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Wall St. up but Europe stocks pressured as ECB disappoints 
NEW YORK (Reuters) – Stocks worldwide were lower on Thursday after European Central Bank President Mario Draghi failed to provide jittery markets with a specific stimulus program for the euro zone’s flagging recovery, while U.S.
JPMorgan Says It’s Unaware of Any New Hacker Attack on Systems

JPMorgan Chase & Co. said it’s not aware of a new attack on its computer systems after the New York Times reported the bank was scrambling for the second time in three months to contain fallout from a security breach.

Conflicting reports: Was JP Morgan hit with second security breach?  USA TODAY
JPMorgan Discovers Further Cyber Security Issues  New York Times

Is the New York Fed a Pushover for Big Banks? Dudley Fires Back

William C. Dudley, president and chief executive officer of the Federal Reserve Bank of New York. Photographer: Scott Eells/Bloomberg.

UPDATE 1-Boss defends NY Fed bank examiners in wake of ‘secret’ tapes  Reuters
Fed’s Dudley Says More Work Needed on Libor Benchmark  Bloomberg
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US 30-year average mortgage rate at 4.19%

A key long-term U.S. mortgage rate dipped this week, the second drop after a large increase two weeks ago. (Photo: Lynne Sladky , AP ). 2 CONNECT 1 TWEETLINKEDINCOMMENTEMAILMORE.

Freddie Mac: Average 30-year mortgage rate drops to 4.19%, from 4.2% Los Angeles Times
Average US rate on 30-year mortgage dips to 4.19 percent; 15-year loan at 3 … Fox Business
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SACRAMENTO, Calif. – Striking at the sanctity of public pensions in California, a federal judge ruled Wednesday that U.S. bankruptcy law allows the city of Stockton to treat pension fund obligations like other debts, meaning the city could trim benefits.
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