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Corporate welfare mentality is alive and well amongst some of the richest business entities in both Canada and the US. Even a hint that taxpayer support to the corporate world may be reduced, sends them into panic mode on North America's stock markets.
TORONTO (Reuters) - Canada's main stock index slipped on Wednesday
after comments by the U.S. Federal Reserve that it could begin rolling
back its stimulus program this year weighed on investor sentiment and
caused declines across most sectors.
Fed Chairman Ben Bernanke said the U.S. central bank
expects to slow the pace of its bond purchases later this year and bring
them to a halt around mid-2014.
took the biggest toll on the market, while the gold-mining sector posted
the sharpest decline, falling with the price of bullion.