Business
Housing starts down seven per cent in March from February: CMHC
By The Canadian Press on April 16th, 2024
OTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February. The national housing agency says the seasonally adjusted annual rate of housing starts amounted to 242,195 units in March compared with 260,047 in February. When looking at year-over-year figures, March’s actual housing ... Read More »
Be the first to comment!IMF: Outlook for world economy is brighter, though still modest by historical standards
By Paul Wiseman, The Associated Press on April 16th, 2024
WASHINGTON (AP) – The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” – reining in inflation without much economic pain and producing steady if modest growth. The IMF now envisions 3.2% worldwide expansion this year, up a tick from the 3.1% ... Read More »
Be the first to comment!Here’s a list of March inflation rates for Canadian provinces
By The Canadian Press on April 16th, 2024
OTTAWA – Canada’s annual inflation rate was 2.9 per cent in March, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): – Newfoundland and Labrador: 3.1 per cent (2.0) – Prince Edward Island: 2.6 per cent (1.5) – Nova Scotia: 3.3 per cent (2.8) – New Brunswick: 2.6 per cent (2.1) ... Read More »
Be the first to comment!Annual inflation rate increased to 2.9 per cent in March as gasoline prices rose
By The Canadian Press on April 16th, 2024
OTTAWA – Statistics Canada says the annual inflation rate ticked higher in March compared with February, boosted by higher prices for gasoline. The agency says its consumer price index for March was up 2.9 per cent compared with a year ago, up from a 2.8 per cent year-over-year increase in February. The increase came as ... Read More »
Be the first to comment!CAE signs deal with Nav Canada to help train air traffic controllers amid shortage
By The Canadian Press on April 16th, 2024
MONTREAL – Flight simulator maker CAE Inc. says it has signed an agreement with Nav Canada to help train flight service specialists and air traffic controllers beginning this fall. CAE instructors will use Nav Canada’s training curriculum and courseware as it conducts initial training at its new Air Traffic Services Training Centre on CAE’s campus ... Read More »
Be the first to comment!Interac acquires rights to Vouchr platform, enabling multimedia in e-transfers
By The Canadian Press on April 16th, 2024
TORONTO – Interac Corp. says it is acquiring the exclusive Canadian rights to use Toronto-based Vouchr Ltd.’s platform, which will allow personalized multimedia messages to be sent alongside money transfers. The national debit network says that once integrated, its e-transfer service will offer customizable notifications that Canadians can use when e-gifting. Another feature will allow ... Read More »
Be the first to comment!China’s economy grew 5.3% in first quarter, beating expectations, though weak spots remain
By Zen Soo, The Associated Press on April 16th, 2024
HONG KONG (AP) – China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness in the troubled housing market persisted. The world’s second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts’ forecasts of about 4.8%, data released Tuesday ... Read More »
Be the first to comment!Freeland to present federal budget today after teasing much of it in recent weeks
By Nojoud Al Mallees, The Canadian Press on April 16th, 2024
OTTAWA – Finance Minister Chrystia Freeland is finally set to present the federal budget in the House of Commons on Tuesday afternoon, showcasing how the government plans to win back support from disgruntled Canadians worried about the cost of living. The Liberal government has already unveiled significant planks of the budget over the last few ... Read More »
Be the first to comment!Here’s what the Liberals have already promised will be in today’s federal budget
By Nojoud Al Mallees, The Canadian Press on April 16th, 2024
OTTAWA – Finance Minister Chrystia Freeland is set to present the federal budget on Tuesday after a countrywide tour that teased many of the housing and affordability measures to be included in the document. Here’s what the federal Liberals have already promised. Housing plan On Friday, Prime Minister Justin Trudeau announced his government’s plan to ... Read More »
Be the first to comment!Tim Hortons launches pizza nationally to ‘stretch the brand’ to afternoon, night
By The Canadian Press on April 16th, 2024
Tim Hortons is launching flatbread pizzas nationally in a bid to pick up more afternoon and evening customers. The chain says cheese, pepperoni, “bacon everything” and chicken Parmesan flatbread pizzas will appear on its menu Wednesday. The launch follows a two-year flatbread pizza pilot that spanned select Calgary, Greater Toronto and Winnipeg restaurants. Tims executives ... Read More »
Be the first to comment!Statistics Canada to release March inflation report today
By The Canadian Press on April 16th, 2024
OTTAWA – Statistics Canada will release its latest reading on inflation this morning. The agency will publish its consumer price index for March. Statistics Canada reported last month that the annual pace of inflation cooled to 2.8 per cent in February compared with 2.9 per cent in January. The inflation report will be scrutinized by ... Read More »
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