January 21st, 2017

Business

Breakdown of annual inflation rate in December for selected Canadian cities

By The Canadian Press on January 20th, 2017

OTTAWA – Canada’s national annual inflation rate was 1.5 per cent in December, Statistics Canada said Friday. The agency also released rates for major cities, but cautioned that figures may fluctuate widely because they are based on small statistical samples (previous month in brackets): – St. John’s, N.L., 4.1 per cent (3.8) – Charlottetown-Summerside, 1.2 ... Read More »

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Breakdown of December inflation rates for provinces and territories

By The Canadian Press on January 20th, 2017

OTTAWA – Canada’s national inflation rate was 1.5 per cent in December, Statistics Canada said Friday. Here’s what happened in the provinces and territories (previous month in brackets): – Newfoundland and Labrador, 4.1 per cent (3.6) – Prince Edward Island, 1.3 (1.7) – Nova Scotia, 1.3 (1.3) – New Brunswick, 2.3 (2.5) – Quebec, 0.6 ... Read More »

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Sears, N.B. partner for a 2nd new business centre expected to create 360 jobs

By The Canadian Press on January 20th, 2017

TORONTO – The New Brunswick government and Sears Canada Inc. announced their second partnership this week to open a business centre in the province with the help of millions of dollars of government funding. The provincial government is providing Sears (TSX:SCC) with about $5.2 million of funding to open its second new business centre in ... Read More »

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Canada’s annual inflation rate rises to 1.5 per cent in December: Statcan

By The Canadian Press on January 20th, 2017

OTTAWA – Statistics Canada says the consumer price index in December was up 1.5 per cent from where it was a year ago, a higher rate of inflation compared with November’s increase of 1.2 per cent. Economists had expected a bigger increase of 1.7 per cent year-over-year in December. Prices were up for seven of ... Read More »

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NewsAlert:Canada’s inflation rate rises to 1.5% in December: Statcan

By The Canadian Press on January 20th, 2017

OTTAWA – Statistics Canada reports the annualized inflation rate in December was 1.5 per cent. That’s up from November’s rate of 1.2 per cent but a smaller increase than analyst estimates. More coming... Read More »

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Amaya hikes 2016 adjusted earnings estimates, announces CFO’s plan to retire

By The Canadian Press on January 20th, 2017

MONTREAL – Amaya Inc. (TSX:AYA) is raising its estimate for 2016 adjusted net earnings by about six per cent, compared with guidance it issued in November. The Montreal-based company – which owns PokerStars and other online gambling sites – says it now estimates 2016 adjusted net earnings will be between US$364 million and US$374 million. ... Read More »

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China’s growth in 2016 slumps as Trump trade struggle looms

By Joe McDonald, The Associated Press on January 20th, 2017

BEIJING – China’s economic growth sank to a three-decade low in 2016 as its struggling exporters brace for a possible trade battle with President-elect Donald Trump. Growth in the quarter ending in December ticked up to 6.8 per cent over 2015, supported by government spending and a real estate boom, a gain from the previous ... Read More »

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Royal LePage reports sharp rise in American interest in Canadian real estate

By The Canadian Press on January 20th, 2017

TORONTO – A new report from Royal LePage suggests many Americans who oppose incoming president Donald Trump continue showing a desire to purchase property in Canada. In a report released early Friday, the company says American web traffic on its website surged 329 per cent the day after the U.S. election on Nov. 8 and ... Read More »

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Global shares steady ahead of Trump’s inauguration

By Eileen Ng, The Associated Press on January 20th, 2017

KUALA LUMPUR, Malaysia – Global shares were steady in cautious trading Friday ahead of the inauguration of President-elect Donald Trump. China’s report that its economy grew at a 6.8 per cent pace in October-December was in line with expectations. KEEPING SCORE: Germany’s DAX was steady at 11,599.05. The CAC 40 of France added 0.2 per ... Read More »

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Tim Hortons, Burger King plan to launch app in latest push towards automation

By Aleksandra Sagan, The Canadian Press on January 20th, 2017

TORONTO – The parent company of Tim Hortons and Burger King plans to launch an app Canada-wide this spring that would allow customers to order and pay in advance on their smartphone without lining up to pay a cashier. The move by Restaurant Brands International (TSX:QSR) follows a similar one by Starbucks and is the ... Read More »

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