TORONTO - Canadian investors should brace for further losses in the near future as markets suffer a crisis of confidence triggered by slowing economic growth, rising inflation and profit disappointments - conditions made worse by record oil prices.

"I would say for the month of July, investors should be preparing themselves for this market to head lower only because, from a technical point of view, we've gone through support, now we have to go find the next floor," said Andrew Pyle, investment adviser at ScotiaMcLeod in Peterborough, Ont.

OTTAWA - Canada's amazing job creation streak is in jeopardy this week with the release of two market-moving surveys expected to signal a new period of diminishing expectations for workers and businesses alike.

After creating over 350,000 jobs last... // AOL Canada

TORONTO - Canadian investors should brace for further losses in the near future as markets suffer a crisis of confidence triggered by slowing economic growth, rising inflation and profit disappointments - conditions made worse by record oil prices.

"I would say for the month of July, investors should be preparing themselves for this market to head lower only because, from a technical point of view, we've gone through support, now we have to go find the next floor," said Andrew Pyle, investment adviser at ScotiaMcLeod in Peterborough, Ont.

OTTAWA - Canada's amazing job creation streak is in jeopardy this week with the release of two market-moving surveys expected to signal a new period of diminishing expectations for workers and businesses alike.

After creating over 350,000 jobs last... // AOL Canada

GM shares rose 14 cents, or 1.4 percent, to close at $10.12 in abbreviated trading Thursday due to the Independence Day holiday.

Patel said the situation at Chrysler LLC is far more perilous because it has limited assets to raise cash and is more heavily reliant on trucks and on the North American market. Chrysler sales fell 22 percent in the first six months of this year.

Chrysler has had to release little financial information since the private-equity company Cerberus Capital Management LP bought it last year, but Patel estimated the automaker will burn through $4 billion this year and could be forced to file for bankruptcy protection or sell off parts of its business in the second half of 2009 if

industry conditions don't improve.

Patel said it's difficult to predict the most likely... // Chester DailyLocal.com

Oil prices fell more than US$1 a barrel yesterday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli military action against OPEC's second-largest oil producer. Iran yesterday gave an undisclosed response to an international offer of economic and other incentives if it suspends a central part of its nuclear program. By evening in Europe, light, sweet crude for August delivery fell $1.19 to $144.10 a barrel... // London Free Press

OTTAWA - New figures show that bankruptcies dropped in May.

The Office of the Superintendent of Bankruptcies is reporting 7,918 bankruptcies in May, down from 8,27 in April and 8,008 in May 2007.

There were 7,364 personal bankruptcies and 554 business bankruptcies in May, bringing the 12-month total to 87,839.

Last year at this time, 85,627 consumer and business bankruptcies had been declared over the previous 12 months.

May's 7,364 personal bankruptcies were 8.4 per cent less than in April and 1.5 per cent less than in May 2007.

Business bankruptcies were down 6.4 per cent from April and up 4.1 per cent over May 2007.

TD Securities taking $96M hit on mispricing

TORONTO - Toronto-Dominion Bank has disclosed a $96-million loss caused by "incorrectly priced financial... // Daily Gleaner

BEIJING - Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.

Chrysler, the smallest of the three major U.S. automakers, is trying to expand sales in the fast-growing Chinese market and has a deal with China's Chery Automobile Co. to produce a low-cost model for sale under its Dodge brand.

Under the new agreement, Chrysler and Great Wall will look at ways to use each other's distribution networks and component and technology capabilities, Chrysler said in a statement released in the United States.

The agreement "represents part of Chrysler's ongoing efforts to explore opportunities to expand the company's involvement in... // CFTKTV

BEIJING - Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.

Chrysler, the smallest of the three major U.S. automakers, is trying to expand sales in the fast-growing Chinese market and has a deal with China's Chery Automobile Co. to produce a low-cost model for sale under its Dodge brand.

Under the new agreement, Chrysler and Great Wall will look at ways to use each other's distribution networks and component and technology capabilities, Chrysler said in a statement released in the United States.

The agreement "represents part of Chrysler's ongoing efforts to explore opportunities to expand the company's involvement in... // KBS Radio

BEIJING - Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.

Chrysler, the smallest of the three major U.S. automakers, is trying to expand sales in the fast-growing Chinese market and has a deal with China's Chery Automobile Co. to produce a low-cost model for sale under its Dodge brand.

Under the new agreement, Chrysler and Great Wall will look at ways to use each other's distribution networks and component and technology capabilities, Chrysler said in a statement released in the United States.

The agreement "represents part of Chrysler's ongoing efforts to explore opportunities to expand the company's involvement in... // AOL Canada

BEIJING - Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.

Chrysler, the smallest of the three major U.S. automakers, is trying to expand sales in the fast-growing Chinese market and has a deal with China's Chery Automobile Co. to produce a low-cost model for sale under its Dodge brand.

Under the new agreement, Chrysler and Great Wall will look at ways to use each other's distribution networks and component and technology capabilities, Chrysler said in a statement released in the United States.

The agreement "represents part of Chrysler's ongoing efforts to explore opportunities to expand the company's involvement in... // Canoe.ca

Chrysler has announced a deal with China's Great Wall Motor Company to study sharing technology, components and distribution.

The firm, the smallest of the three major US car manufacturers, is trying to expand sales in the fast-growing Chinese market.

It already has a deal with China's Chery Automobile to produce a low-cost model for sale under its Dodge brand.

Under the new agreement, Chrysler and Great Wall will look at ways to use each other's distribution networks and component and technology capabilities, Chrysler said.

The agreement "represents part of Chrysler's ongoing efforts to explore opportunities to expand the company's involvement in the development of China's auto industry,... // The Press Association

New York, NY (AHN) - A JPMorgan analyst warned that Chrysler is at risk of bankruptcy as it is hit by the triple force of high pump prices, an economic slowdown and an expected decline in sales of trucks. Other than bankruptcy, the next viable option for the third largest vehicle maker in the U.S. would be to sell its Jeep and Dodge Ram brands by early 2009.

JPMorgan auto analyst Himanshut Patel said the two other U.S. carmakers, General Motor and Ford, would likely hurdle the challenges of the auto industry in 2008 and even manage to have a profit in 2010.

Patel's analysis contrasts with a note by Merrill Lynch auto analyst John Murphy, who wrote that GM may also face bankruptcy proceedings if the automobile market continues to plummet and it fails to raise a significant incremental... // AHN

New York, NY (AHN) - A JPMorgan analyst warned that Chrysler is at risk of bankruptcy as it is hit by the triple force of high pump prices, an economic slowdown and an expected decline in sales of trucks. Other than to file for bankruptcy, the next viable option for the third largest vehicle maker in the U.S. would be to sell its Jeep and Dodge Ram brands by early 2009.

JPMorgan auto analyst Himanshut Patel said the two other U.S. carmakers, General Motor and Ford, would likely hurdle the challenges of the auto industry in 2008 and even manage to have a profit in 2010.

Patel's analysis contrasts with a note by Merrill Lynch auto analyst John Murphy, who wrote that GM may also face bankruptcy proceedings if the automobile market continues to plummet and it fails to raise a significant... // AHN

DETROIT — Faced with soaring gas prices, a sputtering economy and a rapid U. S. market shift away from trucks, the U. S. auto industry’s weakest player, Chrysler LLC, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan Chase are completely overblown.” The day before, GM shares slid to a 54-year low after Merrill Lynch auto analyst John Murphy wrote in a note to investors that a GM bankruptcy “is not impossible if the market continues to deteriorate and significant incremental capital is not raised.”

Patel said the situation at Chrysler is far more perilous because it has limited assets to raise cash and is more

heavily reliant on trucks and on the North American market. Chrysler sales fell 22 percent in the first six... // Buffalo News

Patel predicted GM will burn through $18 billion in 2008 and 2009 as it struggles with depressed U. S. sales -- which Patel predicts will be at their lowest levels since 1993 -- and a rapid change away from trucks and sport utility vehicles. GM has $24 billion in cash and $4.6 billion in credit on hand, he said, so it doesn't need to raise more money immediately. But he predicted the automaker will try to raise another $10 billion in the third quarter of this year by mortgaging trademarks, international operations... // Sudbury Star

Washington Post (Enlarge photo)

In this June 4, 2008 file photo, Chrysler and Dodge vehicles are
lined up at a Chrysler dealership in Portland, Ore. Analysts at
JPMorgan painted a bleak picture for Detroit's automakers Thursday,
July 2, 2008, suggesting General Motors Corp. might need to raise
$10 billion, Ford Motor Co. could be forced to sell Volvo and
Chrysler LLC may have few if any options by late next year. (AP // Washington Post

The Associated Press (Enlarge photo)

BEIJING (AP) Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.

Chrysler, the smallest of the three major U.S. automakers, is trying to expand sales in the fast-growing Chinese market and has a deal with China's Chery Automobile Co. to produce a low-cost model for sale under its Dodge brand.

Under the new agreement, Chrysler and Great Wall will look at ways to use each other's distribution networks and component and technology capabilities, Chrysler said in a statement released in the United States.

The agreement "represents part of Chrysler's ongoing efforts to explore opportunities to expand the company's involvement in... // The Associated Press

The Associated Press (Enlarge photo)

BEIJING (AP) Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.

Chrysler, the smallest of the three major U.S. automakers, is trying to expand sales in the fast-growing Chinese market and has a deal with China's Chery Automobile Co. to produce a low-cost model for sale under its Dodge brand.

Under the new agreement, Chrysler and Great Wall will look at ways to use each other's distribution networks and component and technology capabilities, Chrysler said in a statement released in the United States.

The agreement "represents part of Chrysler's ongoing efforts to explore opportunities to expand the company's involvement in... // The Associated Press

DETROIT - Faced with soaring gas prices, a sputtering economy and a rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said yesterday.

But rivals GM and Ford are likely to get through the rough patch and turn a profit in 2010.

JPMorgan auto analyst Himanshu Patel dismissed the possibility of an imminent bankruptcy at GM, saying in a conference call with investors and media that such fears "are completely overblown." The day before, GM shares slid to a 54-year low after Merrill Lynch auto analyst John Murphy wrote in a note to investors that a GM bankruptcy "is not impossible if the market continues to deteriorate and... // Baltimore Sun

DETROIT -- Faced with soaring gas prices, a sputtering economy and a rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said Thursday.

But rivals GM and Ford are likely to get through the rough patch and turn a profit in 2010.

JPMorgan auto analyst Himanshu Patel dismissed the possibility of an imminent bankruptcy at GM, saying in a conference call with investors and media that such fears "are completely overblown." The day before, GM shares slid to a 54-year low after Merrill Lynch auto analyst John Murphy wrote in a note to investors that a GM bankruptcy "is not impossible if the market continues to deteriorate and significant... // HeraldNet

In this June 4, 2008 file photo, Chrysler and Dodge vehicles are
lined up at a Chrysler dealership in Portland, Ore. Analysts at
JPMorgan painted a bleak picture for Detroit's automakers Thursday,
July 2, 2008, suggesting General Motors Corp. might need to raise
$10 billion, Ford Motor Co. could be forced to sell Volvo and
Chrysler LLC may have few if any options by late next year. // Kansas City Star

The Associated Press (Enlarge photo)

BEIJING (AP) Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.

Chrysler, the smallest of the three major U.S. automakers, is trying to expand sales in the fast-growing Chinese market and has a deal with China's Chery Automobile Co. to produce a low-cost model for sale under its Dodge brand.

Under the new agreement, Chrysler and Great Wall will look at ways to use each other's distribution networks and component and technology capabilities, Chrysler said in a statement released in the United States.

The agreement "represents part of Chrysler's ongoing efforts to explore opportunities to expand the company's involvement in... // The Associated Press

The Associated Press (Enlarge photo)

BEIJING (AP) Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.

Chrysler, the smallest of the three major U.S. automakers, is trying to expand sales in the fast-growing Chinese market and has a deal with China's Chery Automobile Co. to produce a low-cost model for sale under its Dodge brand.

Under the new agreement, Chrysler and Great Wall will look at ways to use each other's distribution networks and component and technology capabilities, Chrysler said in a statement released in the United States.

The agreement "represents part of Chrysler's ongoing efforts to explore opportunities to expand the company's involvement in... // The Associated Press

Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.

Chrysler, the smallest of the three major U.S. automakers, is trying to expand sales in the fast-growing Chinese market and has a deal with China's Chery Automobile Co. to produce a low-cost model for sale under its Dodge brand.

Under the new agreement, Chrysler and Great Wall will look at ways to use each other's distribution networks and component and technology capabilities, Chrysler said in a statement released in the United States.

The agreement "represents part of Chrysler's ongoing efforts to explore opportunities to expand the company's involvement in... // Marketplace