Business
Statistics Canadas reports $41M merchandise trade deficit for November
By The Canadian Press on January 5th, 2023
OTTAWA – Statistics Canada says the country’s merchandise trade balance slipped into a small deficit in November as energy exports fell. The agency says the trade balance came in at a deficit of $41 million for November compared with a revised surplus of $130 million in October. The result came as total exports fell 2.3 ... Read More »
Be the first to comment!December home sales down 48% from last year as fall from 2021 record continues: TRREB
By Tara Deschamps, The Canadian Press on January 5th, 2023
TORONTO – The Toronto Regional Real Estate Board says December home sales amounted to almost half those seen a year ago as the area closed out 2022 with a “marked adjustment” away from 2021’s record levels. The Ontario board revealed Thursday that home sales in the final month of 2022 totalled 3,117 sales, down 48.2 ... Read More »
Be the first to comment!Fewer Americans file for jobless claims last week
By Matt Ott, The Associated Press on January 5th, 2023
WASHINGTON (AP) – Fewer Americans applied for jobless benefits last week, reflecting a still-robust job market despite the Federal Reserve’s efforts to cool the economy and bring down decades-high inflation. Applications for unemployment aid for the week ending Dec. 31 fell by 19,000 to 204,000, the Labor Department reported Thursday. The four-week moving average of ... Read More »
Be the first to comment!Saskatchewan travel agents say they could lose thousands with Sunwing cancellations
By Colette Derworiz, The Canadian Press on January 5th, 2023
Kelly Klassen was driving to central Alberta with her family to visit her brother for the holidays when the emails started filling her inbox. The travel agent from Rosthern, Sask., says she had dozens of bookings affected by Sunwing’s decision last week to cancel service to Regina and Saskatoon for a month. The airline announced ... Read More »
1 response2022 auto sales lowest since 2009, rise in December: DesRosiers
By The Canadian Press on January 4th, 2023
DesRosiers Automotive Consultants Inc. says light vehicle sales were up 5.5 per cent in December compared with last year but were down for the whole year. The firm estimates 109,000 new light vehicles were sold in the month of December, compared with 103,000 a year earlier. For 2022 as a whole, DesRosiers says the 1.49 ... Read More »
1 responseS&P/TSX composite index rises despite oil price weakness, U.S. markets also up
By The Canadian Press on January 4th, 2023
TORONTO – Canada’s main stock index gained almost 150 points on Wednesday, buoyed by strength in the financial and technology sectors despite weakness in energy stocks, while U.S. markets also rose. The S&P/TSX composite index was up 145.06 points at 19,588.83. In New York, the Dow Jones industrial average was up 133.40 points at 33,269.77.The ... Read More »
1 responseStocks end higher after Fed meeting minutes, strong job data
By Damian J. Troise And Alex Veiga, The Associated Press on January 4th, 2023
NEW YORK – Stocks ended higher on Wall Street after a day of wavering as minutes from the Federal Reserve’s last meeting of policymakers underscored how the central bank remains determined to keep rates high to crush inflation. The S&P 500 rose 0.8% Wednesday. The Dow Jones Industrial Average rose 0.4% and the Nasdaq added ... Read More »
1 responseVancouver market takes ‘wait and see’ approach as Dec. sales fall 52% from year ago
By Tara Deschamps, The Canadian Press on January 4th, 2023
Greater Vancouver ended 2022 with another month of prospective homebuyers taking a “wait and see” approach, which the region’s real estate board said pushed down sales by 52 per cent and prices three per cent from the year before. “People were just waiting, waiting, waiting,” said Tirajeh Mazaheri, a Coldwell Banker Prestige Realty agent in ... Read More »
1 responseEU urges pre-flight COVID-19 tests on passengers from China
By Raf Casert, The Associated Press on January 4th, 2023
BRUSSELS (AP) – The European Union on Wednesday “strongly encouraged” its member states to impose pre-departure COVID-19 testing of passengers from China, in a move that is likely to upset Beijing and has already been criticized by the global airline industry. Following a week of talks between EU health experts, the bloc stopped short of ... Read More »
1 responseEU advises pre-flight COVID tests on passengers from China
By Raf Casert, The Associated Press on January 4th, 2023
BRUSSELS (AP) – The European Union on Wednesday “strongly encouraged” its member states to impose pre-departure COVID-19 testing of passengers from China, in a move that is likely to upset Beijing and has already been criticized by the global airline industry. Following a week of talks between EU health experts, the bloc stopped short of ... Read More »
Be the first to comment!Atco acquires Triple M Modular Housing, terms not immediately available
By The Canadian Press on January 4th, 2023
CALGARY – Atco Ltd. says it has acquired Triple M Modular Housing, a manufacturer of factory-built, modular housing based in Lethbridge, Alta. Financial terms of the agreement were not immediately available. The Calgary-based structures and logistics company company says Triple M will operate as a specialized housing division for Atco Structures within Canada. Established in ... Read More »
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