TORONTO, Oct 10 (Reuters) - Canada Finance Minister Jim Flaherty on Friday said that the government's plan to buy up to C$25 billion in insured mortgages from banks is clearly needed now to help loosen the credit market.
Flaherty, speaking at a news conference in Ottawa, said the nation's banks "clearly think so." ($1=$1.16 Canadian) (Reporting by Richard Valdmanis; Editing by Theodore d'Afflisio)
NEW YORK (Reuters) - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like "The Simpsons" and college and NFL football games.
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