By The Canadian Press on April 11th, 2024
VANCOUVER – Magna International Inc. has signed a strategic partnership with Sanctuary AI for the development of general purpose AI robots for use in the company’s manufacturing operations. Financial terms of the agreement, which includes a strategic equity investment by Magna, were not immediately available. Founded in 2018, Vancouver-based Sanctuary AI has developed a number ... Read More »
Be the first to comment!By The Canadian Press on April 11th, 2024
OTTAWA – The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country’s housing gap. The newly released report looks at how many more homes would need to be built restore Canada’s vacancy rate to the historical average. The report by Yves Giroux also accounts for ... Read More »
Be the first to comment!By The Canadian Press on April 11th, 2024
TORONTO – The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. Finance Minister Chrystia Freeland made the announcement in Toronto today, saying it would take effect Aug. 1. The Canadian Home Builders’ Association has advocated for longer amortization periods, saying five more years would help with ... Read More »
Be the first to comment!By David Mchugh, The Associated Press on April 11th, 2024
FRANKFURT, Germany (AP) – The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world’s central banks, including the U.S. Federal Reserve, wrestle with how soon declining inflation will let them lower credit costs for business and consumers. The bank left its ... Read More »
Be the first to comment!By Stan Choe, The Associated Press on April 11th, 2024
NEW YORK (AP) – U.S. stocks are drifting Thursday, a day after tumbling on worries that interest rates may stay high for a while. The S&P 500 was 0.3% lower in morning trading, coming off a slide of 0.9%. The Dow Jones Industrial Average was down 237 points, or 0.6%, as of 10:35 a.m. Eastern ... Read More »
Be the first to comment!By David Mchugh, The Associated Press on April 11th, 2024
FRANKFURT, Germany (AP) – The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world’s central banks, including the U.S. Federal Reserve, wrestle with how soon declining inflation will let them lower credit costs for business and consumers. The bank left its ... Read More »
Be the first to comment!By Ritika Dubey, The Canadian Press on April 11th, 2024
TORONTO – The drawers were overflowing with skin care products and makeup – three different blushes, many eyeshadows, a dozen different mascaras, foundation and serum samples sitting unused for years. Still, Eduek Brooks counted on seasonal sales, especially for skin care, to grab the best deals. It was her retail therapy, chasing dopamine hits, she ... Read More »
Be the first to comment!By Stan Choe, The Associated Press on April 11th, 2024
NEW YORK (AP) – U.S. stocks are holding firmer Thursday, a day after tumbling on worries that interest rates may stay high for a while. The S&P 500 was virtually unchanged in early trading. The Dow Jones Industrial Average was down 45 points, or 0.1%, as of 9:45 a.m. Eastern time, and the Nasdaq composite ... Read More »
Be the first to comment!By Paul Wiseman, The Associated Press on April 11th, 2024
WASHINGTON (AP) – U.S. producer prices rose rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. And wholesale inflation eased on a month to month basis. The Labor Department said Thursday that its producer price index – which measures inflationary pressure ... Read More »
Be the first to comment!By Elaine Kurtenbach And Matt Ott, The Associated Press on April 11th, 2024
NEW YORK (AP) – U.S. stocks are holding firmer, a day after tumbling on worries that interest rates may stay high for a while. The S&P 500 was up 0.2% early Thursday. The Dow rose 56 points, and the Nasdaq composite was 0.4% higher. In the bond market, which has been driving much of Wall ... Read More »
Be the first to comment!By The Canadian Press on April 11th, 2024
TORONTO – Movie theatre company Cineplex Inc. says its box office revenue for March was up 46 per cent compared with a year ago, helped by “Dune: Part Two” and “Kung Fu Panda 4.” The company says its box office revenue totalled $59.2 million for the month, up from $40.6 million in the same month ... Read More »
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