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A tumultuous Greek exit from the eurozone would have a harder impact on Canada's economy than the credit crisis recession of 2008 and 2009, a report from a major Canadian bank warns.

The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($24.5 billion Cdn) in financial support.

Finance Minister Jim Flaherty defended his government's proposals to change employment insurance, saying the aim is to remove "disincentives to employment."

The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance.

The federal government is raising to $1 billion the amount of foreign money that can go into a Canadian company before the investment is reviewed. The review has been used in the past to block foreign takeovers of MDA and Potash Corp.

Improved economic conditions enabled Ottawa to slash its deficit by almost $11 billion in the just completed fiscal year, the federal government said Friday.

A move by cash-conscious consumers away from expensive arabica coffee beans and toward cheaper robusta has turned coffee prices on their ear and caused a run on bargain beans.

Toronto and Calgary led the country in rising home prices last month, according to the Canadian Real Estate Association.

Consumer confidence is surging across the country, according to the latest survey by an Ottawa-based think tank.

Bombardier in Thunder Bay has been given the green light to build 60 new GO Train cars that will be destined for public transit service in the Greater Toronto and Hamilton Area.