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CIBC World Markets Inc. forecasts the Canadian dollar will rise above parity with the U.S. dollar by September on expectations the Bank of Canada will raise interest rates before the U.S. Federal Reserve.

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The Kansas City school board narrowly approved a plan Wednesday night to close nearly half the district's schools in a desperate bid to avoid a potential bankruptcy.

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Anyone who reads the papers or visits news sites on the internet knows that sales of new homes dropped 11.2% in January to a seasonally adjusted annual rate of 309,000. This figure is said to be the lowest level since 1942 by some analysts and the lowest level in 50 years by others.

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GREECE has touched Germany's rawest nerve by accusing the EU powerhouse of not fully compensating it for gold stolen by the Nazis during the Second World War.

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