Posted 2/20/2009 4:11 am
OTTAWA (Reuters) - Declaring "I love this country" and waving to ecstatic Canadian crowds, U.S. President Barack Obama helped reignite on Thursday a close binational friendship that had waned during the administration of his predecessor George W. Bush.
Obama revived a tradition whereby new U.S. presidents make their first foreign trip to Canada, which is one of America's most important trading partners.
Bush made his initial visit to Mexico after winning the 2000 election and subsequently grew ever more unpopular among Canadians, in particular over his decision to invade Iraq.
The new U.S. leader, on the other hand, was treated like a rock star by the thousands of people who gathered in freezing temperatures to welcome him on Parliament Hill in Ottawa.
http://www.reuters.com/article/newsOne/idUSTRE51I7GY20090219
Meanwhile, in the real world....
Stocks tumbled Thursday as anxiety over how the Obama administration will fix the crippled financial system pushed the Dow to its lowest level in more than six years.
The Dow Jones Industrial Average shed 89.68, or 1.2 percent, ending at 7,465.95, its lowest close since October 2002.
The S&P 500 lost 1.2 percent to end at 778.94, while the Nasdaq dropped 1.7 percent to close at 1,442.82.
http://www.cnbc.com/id/29278795
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