Business
Canadian ambassador builds connections at Democratic convention
By Kelly Geraldine Malone, The Canadian Press on August 20th, 2024
CHICAGO – Canada’s ambassador to the United States says she’s telling Americans about the important relationship between the neighbours as Democrats develop their foreign policy and build unity behind Vice-President Kamala Harris at the party’s national convention. Kirsten Hillman is at the convention in Chicago and says she is talking with Democrats about how Canada ... Read More »
Be the first to comment!Borrower stress in focus as banks set to report third-quarter results
By Ian Bickis, The Canadian Press on August 20th, 2024
TORONTO – While interest rates have started to come down, borrowers, and lenders, are still feeling the strain. Just how much stress they’re under will be a main focus for analysts as the big banks gear up to report third-quarter results. “Our key focus for the quarter will be on credit as pressure mounts from ... Read More »
Be the first to comment!Rollout of Alberta’s school cellphone ban raising concerns among teachers
By Lisa Johnson, The Canadian Press on August 20th, 2024
EDMONTON – The head of the Alberta Teachers’ Association says the rollout of new policies banning cellphone use in classrooms starting this fall has some teachers confused about how they’ll be expected to follow them. President Jason Schilling said about two weeks before most kindergarten to Grade 12 students go back to class, it’s unclear ... Read More »
Be the first to comment!Statistics Canada to release July inflation figures today
By The Canadian Press on August 20th, 2024
OTTAWA – Statistics Canada is set to publish its July consumer price index report today. Economists polled by Reuters expect the report to show inflation slowed to 2.5 per cent from 2.7 per cent in June. Price pressures in Canada have steadily eased this year, bringing the annual inflation rate below three per cent since ... Read More »
Be the first to comment!‘Hovering mode’: S&P/TSX composite ticks up as market mood stays buoyant
By Christopher Reynolds, The Canadian Press on August 19th, 2024
TORONTO – Canada’s main stock index climbed on Monday amid an “optimistic” late summer mood, while U.S. stock markets also gained. The S&P/TSX composite index rose 61.78 points to 23,116.39. In New York, the Dow Jones industrial average was up 236.77 points to 40,896.53. The S&P 500 index increased 54.00 points to 5,608.25, while the ... Read More »
Be the first to comment!Tories delete Canadian dream video featuring what Liberals say are Russian jets
By The Canadian Press on August 19th, 2024
OTTAWA – The Conservative Party of Canada has deleted a video that promoted Canadian values but featured what the Defence Minister’s office says are Russian fighter jets. The video was posted by the party on X over the weekend with the slogan “Canada. Our Home” and features a speech delivered by leader Pierre Poilievre from ... Read More »
Be the first to comment!Search continues for British tech magnate and 5 others after luxury superyacht sinks off Sicily
By Nicole Winfield And Andrea Rosa, The Associated Press on August 19th, 2024
PORTICELLO, Sicily (AP) – British tech magnate Mike Lynch and five other people were missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived. Lynch, who was acquitted in June in a big U.S. fraud trial, was among ... Read More »
Be the first to comment!S&P/TSX composite up more than 60 points, U.S. stock markets also higher
By The Canadian Press on August 19th, 2024
TORONTO – Canada’s main stock index climbed on Monday, helped by a boost in the financial and industrial sectors, while U.S. stock markets also gained. The S&P/TSX composite index rose 61.78 points to 23,116.39. In New York, the Dow Jones industrial average leaped 236.77 points to 40,896.53. The S&P 500 index increased 54.00 points to ... Read More »
Be the first to comment!Stock market today: Wall Street tacks on some more gains following its best week of the year
By Stan Choe, The Associated Press on August 19th, 2024
NEW YORK (AP) – Stocks closed higher, tacking on some more gains following Wall Street’s best week of the year. The S&P 500 rose 1% Monday, coming within 1.1% of the all-time high it reached last month. The Dow Jones Industrial Average rose 0.6%, and the Nasdaq composite added 1.4%. Treasury yields eased a bit ... Read More »
Be the first to comment!Railway shutdown would be ‘devastating’ for small businesses: CFIB
By Christopher Reynolds, The Canadian Press on August 19th, 2024
MONTREAL – A potential work stoppage at Canada’s two major railways this week would harm small companies – from mom-and-pop shops to outfits with scores of workers – the Canadian Federation of Independent Business says. “Any disruptions to railway operations could be devastating for small businesses, their employees and communities,” Jasmin Guenette, the group’s head ... Read More »
Be the first to comment!British tech magnate Mike Lynch among those missing after luxury superyacht sinks off Sicily
By Nicole Winfield, The Associated Press on August 19th, 2024
ROME (AP) – British tech magnate Mike Lynch and five other people were missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived. Lynch, who was acquitted in June in a big U.S. fraud trial, was among six ... Read More »
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