Business
Consumer confidence bounces back, ending year on high note
By Matt Ott, The Associated Press on December 21st, 2022
WASHINGTON (AP) – The confidence of American consumers rebounded this month to end the year on a high note despite rising interest rates that have made credit cards and mortgages more expensive, and growing anxiety about a possible recession. The Conference Board reported Wednesday that its consumer confidence index rose to 108.3 in December, up ... Read More »
1 responseUS consumer confidence rebounds in December
By Matt Ott, The Associated Press on December 21st, 2022
WASHINGTON (AP) – The American consumer’s confidence rebounded this month, even as the Fed raises interest rates, making borrowing more expensive, and many economists fear an oncoming recession. The Conference Board reported Wednesday that its consumer confidence index rose to 108.3 in December, up from 101.4 in November. This month’s number reflected a sharp rebound, ... Read More »
Be the first to comment!US home sales fell in November, the 10th consecutive month
By Alex Veiga, The Associated Press on December 21st, 2022
LOS ANGELES (AP) – Sales of previously occupied U.S. homes slowed for the tenth consecutive in November, constrained by a tight inventory of properties on the market and mortgage rates averaging more than double what they were a year ago. Existing home sales fell 7.7% last month from October to a seasonally adjusted annual rate ... Read More »
Be the first to comment!From seed to store: A look at the rising cost of bread
By Brett Bundale, The Canadian Press on December 21st, 2022
Imagine a farmer, some seeds of grain and a Prairie field in spring. How that wheat ends up in a loaf of bread – and why prices have soared this year – is an odyssey involving growers and grain handlers, rail cars and flour mills, and bakeries and supermarkets. The journey of wheat from field ... Read More »
Be the first to comment!Wall Street opens higher but remains lower for the week
By Elaine Kurtenbach And Matt Ott, The Associated Press on December 21st, 2022
NEW YORK (AP) – Stocks are opening higher on Wall Street but remain mostly lower for the week as investors continue to worry that a recession is on the way. The S&P 500 index was up 0.7% in the early going Wednesday but is still slightly negative for the week. The Dow Jones Industrial Average ... Read More »
Be the first to comment!Here’s a list of November inflation rates for selected Canadian cities
By The Canadian Press on December 21st, 2022
OTTAWA – Canada’s annual inflation rate was 6.8 per cent in November, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): – St. John’s, N.L.: 6.6 per cent (6.4) – Charlottetown-Summerside: 10.6 per ... Read More »
Be the first to comment!Here’s a list of November inflation rates for Canadian provinces
By The Canadian Press on December 21st, 2022
OTTAWA – Canada’s national annual inflation rate was 6.8 per cent in November, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): – Newfoundland and Labrador: 6.7 per cent (6.5) – Prince Edward Island: 9.7 per cent (8.7) – Nova Scotia: 8.6 per cent (7.7) – New Brunswick: 7.8 per cent ... Read More »
Be the first to comment!Canada’s annual inflation rate fell slightly to 6.8% in November
By The Canadian Press on December 21st, 2022
OTTAWA – Canada’s annual inflation rate fell slightly to 6.8 per cent in November. That’s down from 6.9 per cent in October. In Statistics Canada’s latest consumer price index report released today, the federal agency says slower price growth for gasoline and furniture was offset by rapidly rising shelter costs. Grocery prices rose faster in ... Read More »
Be the first to comment!Should Canada produce more medicine amid ongoing shortages? Trudeau isn’t sure
By Nojoud Al Mallees, The Canadian Press on December 21st, 2022
OTTAWA – As Canada faces an ongoing shortage of children’s medications, Prime Minister Justin Trudeau says he doesn’t know if ramping up domestic production of pharmaceuticals is the right approach to addressing the problem. “I don’t know offhand if it is the right thing for Canada to be starting producing these particular pills or whether ... Read More »
Be the first to comment!Statistics Canada to release November inflation numbers today
By The Canadian Press on December 21st, 2022
OTTAWA – Statistics Canada is set to release its latest inflation reading today, giving insight on how fast prices were rising last month. The country’s annual inflation rate held steady at 6.9 per cent in September and October. RBC is forecasting the annual inflation rate cooled to 6.7 per cent in November. Though inflation remains ... Read More »
Be the first to comment!Trump tax audits required by IRS were delayed, panel says
By Josh Boak, Brian Slodysko, Lisa Mascaro And Meg Kinnard, The Associated Press on December 20th, 2022
WASHINGTON (AP) – A report issued Tuesday by the Democratic-controlled House Ways and Means Committee found that required IRS audits of Donald Trump were delayed, and committee members voted along party lines to also release tax filings of the former president who broke political norms by refusing to release the information on his own. The ... Read More »
1 response
