Business
Statistics Canada to release October inflation data this morning
By The Canadian Press on November 16th, 2022
OTTAWA – Statistics Canada is expected to release October inflation numbers this morning. Economists are warning Canada’s annual inflation rate likely ticked higher as gas prices went up and grocery costs continued to soar last month. The annual inflation rate was 6.9 per cent in September. It has been steadily declining since reaching its highest ... Read More »
1 responseUK inflation accelerates to 41-year high of 11.1%
By Danica Kirka, The Associated Press on November 16th, 2022
LONDON (AP) – Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans on Thursday. Consumer prices jumped 11.1% in the 12 months through October, compared with 10.1% in September, the Office for ... Read More »
1 responsePoland says Russian-made missile fell in its east, killing 2
By Vasilisa Stepanenko, The Associated Press on November 16th, 2022
PRZEWODOW, Poland (AP) – Poland said Wednesday that a Russian-made missile fell in the country’s east, killing two people, though U.S. President Joe Biden said it was “unlikely” it was fired from Russia. The blast, which Ukrainian President Volodymr Zelenskyy decried as “a very significant escalation,” prompted Biden to call an emergency meeting of G-7 ... Read More »
1 responseUK inflation rises to 41-year high at 11.1%
By The Associated Press on November 16th, 2022
LONDON (AP) – Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans on Thursday. Consumer prices rose 11.1% in the 12 months through October, compared with 10.1% in September, the Office for ... Read More »
1 responseNASA’s mightiest rocket lifts off 50 years after Apollo
By Marcia Dunn, The Associated Press on November 15th, 2022
CAPE CANAVERAL, Fla. (AP) – NASA’s new moon rocket blasted off on its debut flight with three test dummies aboard early Wednesday, bringing the U.S. a big step closer to putting astronauts back on the lunar surface for the first time since the end of the Apollo program 50 years ago. If all goes well ... Read More »
Be the first to comment!Poland: Russian-made missile fell on our country, killing 2
By John Leicester And James Laporta, The Associated Press on November 15th, 2022
KYIV, Ukraine (AP) – The Polish Foreign Ministry said early Wednesday that a Russian-made missile fell in eastern Poland and killed two people. The ministry said Foreign Minister Zbigniew Rau summoned the Russian ambassador and “demanded immediate detailed explanations.” The statements came shortly after Ukrainian President Volodymr Zelenskyy decried the missile strike as “a very ... Read More »
2 responsesStelco reports earnings down 74% in Q3 due to lower steel prices, inflation
By The Canadian Press on November 15th, 2022
HAMILTON – Stelco Holdings Inc. says its net earnings for the third quarter ended Sept. 30 were down by almost 74 per cent year-over-year to $158 million, or $2.33 per diluted share. The Hamilton-based steelmaker says challenging market conditions in the third quarter, which are expected to continue, included lower steel prices and inflationary pressure. ... Read More »
2 responsesZelenskyy: Missile hitting Poland is significant escalation
By John Leicester And James Laporta, The Associated Press on November 15th, 2022
KYIV, Ukraine (AP) – Ukrainian President Volodymr Zelenskyy on Tuesday decried an apparent Russian missile strike that hit neighboring NATO member Poland as “a very significant escalation” of the war. Zelenskyy’s comments, delivered in an evening address to the nation, came hours after a senior U.S. intelligence official told The Associated Press that Russian missiles ... Read More »
2 responsesS&P/TSX composite up slightly Tuesday, U.S. stock markets also rise
By Rosa Saba, The Canadian Press on November 15th, 2022
TORONTO – Canada’s main stock index rose Tuesday, while U.S. markets were also up, though indexes on both sides of the border closed down slightly from late-morning highs. The S&P/TSX composite index was up 72.97 points at 19,994.78. In New York, the Dow Jones industrial average was up 56.22 points at 33,592.92. The S&P 500 ... Read More »
2 responsesDrug shortages worsen across Canada, extend beyond children’s pain and fever meds
By Brett Bundale, The Canadian Press on November 15th, 2022
HALIFAX – Drugstore shortages in Canada are now extending beyond the children’s pain and fever medication aisle into other over-the-counter and prescription drugs as supply problems worsen across the country. Hundreds of medications are either running low or out of stock completely, with some store shelves depleted of children’s allergy medication, adult cough and cold ... Read More »
2 responsesStocks climb on cooling inflation, but trading remains shaky
By Damian J. Troise And Stan Choe, The Associated Press on November 15th, 2022
NEW YORK (AP) – Stocks are closing higher, boosted by more signs the nation’s high inflation may be falling off faster than expected. But a flare-up of worries about the war in Ukraine kept Wall Street shaky Tuesday and undercut much of its big morning gains. The S&P 500 rose 0.9%. Earlier in the day, ... Read More »
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