Money fund assets fall by $52.3 billion to $2.613 trillion for the week + MORE Oct 17th

Google’s earnings climbed 36 per cent despite a deepening slump in its average ad prices as advertisers purchase a growing number of cheaper commercial pitches to reach people who connect to its search engine and other services on mobile devices.

Photograph by Tyler & Ania Stalman
“Double, double, toil and trouble.” Written over 400 years ago by the Bard, this phrase from Shakespeare’s infamously dark play, Macbeth, could just as easily describe Canada’s real estate market in recent years.
On one side, there are international economists—and their much publicized reports—declaring the market to be overvalued and due for a sudden, corrective crash. Then there are the local analysts who oscillate between doom-and-gloom predictions and the potential for a soft landing. Caught in the middle are prospective homeowners and real estate investors who are just trying to negotiate a good deal.
That’s where MoneySense can help. While we don’t believe anyone should rush to get into the real estate market, we do think there are still good deals to be found. To help identify those deals, we performed a groundbreaking analysis of the real estate market to find out which neighbourhoods are set to soar in value in five of Canada’s largest cities…

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For US, shutdown embarrasses but damage won’t last
WASHINGTON (AP) — It’s going to take a lot more political bungling to do any permanent damage to America’s reputation or wreck its financial markets.
The U.S. government’s partial shutdown and a near-miss with a debt default were a worldwide embarrassment that distracted political leaders and likely slowed the economy.
Yet the world still runs on U.S. dollars. Foreign investors still see Treasury debt as the safest place to put their money. And foreign companies still view the United States as an ideal place to do business.
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How government shutdown squeezed corners of US economy
WASHINGTON (AP) — The full economic effect of the 16-day partial government shutdown will take months to tally. But it’s already clear it left its footprints in key areas of the economy.
Spending at chain retail stores fell 0.7 per cent last week. Mortgage applications dropped 5 per cent. Auto sales slumped about 2 per cent…

The initial public offering hinges on a deal requiring Fantex Holdings to pay Houston Texans’ Arian Foster $10-million in return for a 20% share of his contract, endorsement income and any other future money tied to football career

NEW YORK, N.Y. – Total U.S. money market mutual fund assets fell $52.3 billion to $2.613 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Assets in the nation’s retail money market mutual funds rose $890 million to $936.66 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $550 million to $742 billion. Tax-exempt retail fund assets rose $340 million to $194.67 billion.
Assets in institutional money market funds fell $53.19 billion to $1.68 trillion. Among institutional funds, taxable money market fund assets fell $52.8 billion to $1.606 trillion. Assets of tax-exempt funds fell $400 million to $71.03 billion.
The 7-day average yield on money market mutual funds was unchanged at 0.01 per cent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass. The 7-day compounded yield was flat at 0.01 per cent.
The 30-day yield and the 30-day compounded yield were both unchanged at 0…