Business
SkipTheDishes and Just Eat cut 800 jobs Canada amid restructure
By Tara Deschamps, The Canadian Press on August 20th, 2024
TORONTO – The chief executive of SkipTheDishes says hundreds of Canadian employees are being laid off by the food delivery service and its parent company. Paul Burns says 100 Canada-based workers will depart SkipTheDishes. Some 700 staff also in Canada who work for its owner Just Eat Takeaway.com will also lose their jobs. Burns announced ... Read More »
Be the first to comment!Canada’s inflation rate falls to 2.5%, paving way for another interest rate cut
By Nojoud Al Mallees, The Canadian Press on August 20th, 2024
OTTAWA – Canada’s annual inflation rate fell to 2.5 per cent last month, matching economists’ forecasts and solidifying expectations for another interest rate cut in September. Tuesday’s consumer price index report saysprices for travel tours, passenger vehicles and electricity helped drive the headline figure lower. Meanwhile, shelter costs are still the main driver of inflation ... Read More »
Be the first to comment!How to make big changes to your living space on a small decorating budget
By Nina Dragicevic, The Canadian Press on August 20th, 2024
It was the early ’90s and Laura Ashley flower prints were hot. Ami McKay was a budget-conscious student living alone for the first time, and to cosy up her bedroom, she bought a Laura Ashley sheet set, sewed the sheets together and made a duvet cover. She also picked up a lacy fabric and fashioned ... Read More »
Be the first to comment!Interfor curtails production indefinitely at two U.S. sawmills due to weak market
By The Canadian Press on August 20th, 2024
BURNABY, B.C. – Interfor Corp. says it will indefinitely curtail operations at its sawmills in Meldrim, Ga., and Summerville, S.C., due to weak lumber market conditions. The move will impact about 180 employees across both facilities. Interfor says it expects to mitigate some of the affect on employees by providing work opportunities at other company ... Read More »
Be the first to comment!Inflation falls to lowest in three years, paving way for another interest rate cut
By Nojoud Al Mallees, The Canadian Press on August 20th, 2024
OTTAWA – Canada’s annual inflation rate fell to 2.5 per cent last month, matching economists’ forecasts and solidifying expectations for another interest rate cut in September. Tuesday’s consumer price index report saysprices for travel tours, passenger vehicles and electricity helped drive the headline figure lower. Meanwhile, shelter costs are still the main driver of inflation ... Read More »
Be the first to comment!Rail strike would affect more than 32,000 commuters in Canada’s three biggest cities
By The Canadian Press on August 20th, 2024
MONTREAL – More than 32,000 rail commuters across the country will have to find new routes to work if there is a work stoppage at Canadian Pacific Kansas City Ltd. this week. Transit authorities say select commuter lines that run on CPKC tracks in Toronto, Montreal and Vancouver will be suspended if dispatchers walk off ... Read More »
Be the first to comment!Stock market today: Wall Street holds near records after an 8-day winning streak
By Matt Ott, The Associated Press on August 20th, 2024
NEW YORK (AP) – U.S. stocks are holding near their record levels following an eight-day winning streak. The S&P 500 was down less than 0.1%. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite slipped 0.1%. Palo Alto Networks rose 4% after the cybersecurity company became the latest big business to report stronger-than-expected ... Read More »
Be the first to comment!Here’s a list of July inflation rates for Canadian provinces
By The Canadian Press on August 20th, 2024
OTTAWA – Canada’s annual inflation rate was 2.5 per cent in July, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): – Newfoundland and Labrador: 2.1 per cent (2.3) – Prince Edward Island: 2.0 per cent (3.4) – Nova Scotia: 2.3 per cent (3.5) – New Brunswick: 2.9 per cent (2.8) ... Read More »
Be the first to comment!Here’s a list of July inflation rates for selected Canadian cities
By The Canadian Press on August 20th, 2024
OTTAWA – Canada’s annual inflation rate was 2.5 per cent in July, 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.: 2.3 per cent (2.8) – Charlottetown-Summerside: 2.3 per ... Read More »
Be the first to comment!Canada’s inflation rate fell to 2.5% in July, lowest since March 2021
By The Canadian Press on August 20th, 2024
OTTAWA – Canada’s annual inflation rate fell to 2.5 per cent last month, matching forecasters’ expectations as price pressures continue to retreat. Tuesday’s consumer price index report says prices for travel tours, passenger vehicles and electricity helped drive the headline figure lower. Meanwhile, shelter costs are still the main driver of inflation as Canadians face ... Read More »
Be the first to comment!Nearly 70% of small businesses have been disrupted due to construction: CFIB
By The Canadian Press on August 20th, 2024
TORONTO – Nearly 70 per cent of Canadian small businesses say they’ve experienced disruptions in some form, including taking a financial hit, from construction projects within the last five years, a new report from the Canadian Federation of Independent Business says. The most frequent disruptions that local construction causes are heavy traffic in the area, ... Read More »
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