Business
CREA cuts housing market forecast for 2024 despite June sales rising
By The Canadian Press on July 12th, 2024
OTTAWA – The Canadian Real Estate Association says it is scaling back its housing market forecast for the remainder of the year amid increased levels of supply and a quiet spring spurred by fewer interest rate cuts expected in 2024. It says it anticipates a gradual rebound in the national housing market, with 472,395 properties ... Read More »
Be the first to comment!Stock market today: Wall Street ticks higher as earnings season gets underway
By Zimo Zhong And Matt Ott, The Associated Press on July 12th, 2024
NEW YORK (AP) – U.S. stock indexes are ticking higher following some mixed signals on big banks’ profits and on inflation. The S&P 500 rose 0.2% in early Friday trading. The Dow Jones Industrial Average was up 143 points, and the Nasdaq composite was 0.1% higher. Bank of New York Mellon and Fastenal jumped to ... Read More »
Be the first to comment!US wholesale inflation picked up in June in sign that some price pressures remain elevated
By Paul Wiseman, The Associated Press on July 12th, 2024
WASHINGTON (AP) – Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain high. The increase, the sharpest year-over-year increase since March 2023, comes at a time when other price indicators are showing that inflation has continued to ease. The Labor ... Read More »
Be the first to comment!AT&T 2022 security breach hits nearly all cellular customers and landline accounts with contact
By Michelle Chapman, The Associated Press on July 12th, 2024
A security breach in 2022 compromised the data of nearly all of AT&T’s cellular customers, customers of mobile virtual network operators using AT&T’s wireless network, as well landline customers who interacted with those cellular numbers. So far it has found that the compromised data includes files containing AT&T records of calls and texts between May ... Read More »
Be the first to comment!European Union says X’s blue checks are deceptive, transparency falls short under social media law
By The Associated Press on July 12th, 2024
LONDON (AP) – The European Union says blue checkmarks from Elon Musk’s X are deceptive and that the online platform falls short on transparency and accountability requirements in the first charges against a tech company since the bloc’s new social media regulations took effect. The European Commission outlined on Friday the preliminary findings from its ... Read More »
Be the first to comment!Court to hear Saskatchewan’s case to stop collection of carbon levy money
By The Canadian Press on July 12th, 2024
VANCOUVER – Federal Court in Vancouver is to hear a case today from the Saskatchewan government asking for an injunction to stop the Canada Revenue Agency from collecting millions in carbon levy money. Premier Scott Moe’s government argues it’s unconstitutional for Ottawa to take from its bank account, and that it’s unfair for Saskatchewan to ... Read More »
Be the first to comment!Apple launches Vision Pro in Canada, but $5,000 price tag could make people ‘pause’
By Tara Deschamps, The Canadian Press on July 12th, 2024
Canadians can now get their hands on Apple’s flashiest piece of technology, but some warn they shouldn’t expect the device to become ubiquitous just yet. The Vision Pro, Apple’s augmented reality headset, made its debut Friday at all of the tech giant’s stores in Canada, France, Germany and the U.K. The headset, which carries a ... Read More »
Be the first to comment!Payouts for the many over the few: employee ownership trusts take shape in Canada
By Ian Bickis, The Canadian Press on July 12th, 2024
Three times a year, the 600-or-so employees of Friesens Corp. gather in front of the publishing house to accept envelopes, each one holding a cheque for the workers’ share of company profits. They all get a cut because they’re all owners. The company based in the small town of Altona, Man. is set up as ... Read More »
Be the first to comment!Teck Coal Limited faces five charges for allegedly dumping harmful substances
By The Canadian Press on July 11th, 2024
CRANBROOK, B.C. – Environment Canada has laid five charges against Teck Coal Limited after the company was alleged to have dumped harmful substances into waters frequented by fish in southeastern B.C. The department says the charges stem from an investigation that began in March 2023. It says officers were looking into an allegation that the ... Read More »
Be the first to comment!Yukon government directs gold mining firm to devise water treatment plan after spill
By The Canadian Press on July 11th, 2024
WHITEHORSE – Yukon mines minister John Streicker says that the Eagle Gold mine disaster that involved a release of cyanide solution has the territory’s residents “justly concerned” about the implications on Yukoners’ way of life “for generations to come.” Speaking at a technical briefing Thursday, Streicker said the Yukon Department of Energy, Mines and Resources ... Read More »
Be the first to comment!B.C. rejects Henry report backing non-prescribed alternates to fentanyl, other drugs
By The Canadian Press on July 11th, 2024
VICTORIA – B.C’s Provincial Health Officer Dr. Bonnie Henry joked that “the earth shook” with Thursday’s release of her report on the safer-supply drug program, referring to an earthquake lightly felt on Vancouver Island that morning. But her report’s recommendation that B.C. should consider allowing access to alternatives to unregulated street drugs without a prescription ... Read More »
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