Business
Economists expect July inflation data to set the stage for more rate cuts
By Nojoud Al Mallees, The Canadian Press on August 18th, 2024
OTTAWA – Canada’s inflation rate likely took another dip last month, according to economists who expect the Bank of Canada to continue cutting interest rates throughout the fall. Statistics Canada is set to publish its July consumer price index report on Tuesday and forecasters expect it will show inflation slowed to 2.4 per centfrom 2.7 ... Read More »
Be the first to comment!From family pairing to screen-time limits, TikTok suggests ways to keep kids safe
By The Canadian Press on August 18th, 2024
As kids head back to school, many will be logging onto TikTok to connect with classmates or bust boredom with an endless scroll of videos. To protect minors on the social media platform, Tara Wadhwa, TikTok’s global head of regional product policy, recently showcased these settings to media at a safety session. Sign ups TikTok ... Read More »
Be the first to comment!‘No plan B’: Railways halt more cargo ahead of potential lockout as tensions rise
By Christopher Reynolds, The Canadian Press on August 16th, 2024
MONTREAL – As tensions build at the bargaining table, the country’s two main freight railways are turning away a growing number of goods ahead of a potential work stoppage next week that could disrupt supply chains and industry. Canadian National Railway Co. schedules show that, starting Friday, it barred container imports from U.S. partner railways. ... Read More »
Be the first to comment!‘No plan B’: Railways halt more cargo ahead of potential lockout as deadlock persists
By Christopher Reynolds, The Canadian Press on August 16th, 2024
MONTREAL – The country’s two main freight railways are turning away a growing number of goods ahead of a potential work stoppage next week that could disrupt supply chains and industry. Canadian National Railway Co. schedules show that, starting Friday, it barred container imports from U.S. partner railways. After this Wednesday, no more of the ... Read More »
Be the first to comment!S&P/TSX composite up slightly; quiet trading session ends week of gains
By The Canadian Press on August 16th, 2024
TORONTO – Canada’s main stock index saw a relatively quiet trading day Friday, as investors held off on major moves in anticipation of next week’s annual meeting of the U.S. Federal Reserve in Jackson Hole, Wyo. The S&P/TSX composite index was up 21.89 points at 23,054.61. In New York, the Dow Jones industrial average was ... Read More »
Be the first to comment!Stock market today: Wall Street closes its best week of the year with some more gains
By Stan Choe, The Associated Press on August 16th, 2024
NEW YORK (AP) – U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November. The S&P 500 rose 0.2% Friday, extending its winning streak to a seventh day. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite gained 0.2%. Treasury yields eased a bit following a ... Read More »
Be the first to comment!Yukon minister says there’s still ‘hope’ for gold mining to continue at disaster site
By The Canadian Press on August 16th, 2024
WHITEHORSE – Yukon Justice Minister Tracy-Anne McPhee says the territory’s government is still hopeful that mining can eventually restart at the site of the Eagle Gold mine disaster after its owner was ordered into receivership this week. McPhee says mining remains an important part of Yukon’s economy, but “it must be done safely.” McPhee and ... Read More »
Be the first to comment!New California laws aim to reduce smash-and-grab robberies, car thefts and shoplifting
By Trân Nguyễn, The Associated Press on August 16th, 2024
SACRAMENTO, Calif. (AP) – California Gov. Gavin Newsom on Friday signed a bipartisan package of 10 bills that aims to crack down on smash-and-grab robberies and property crimes, making it easier to go after repeat shoplifters and auto thieves and increase penalties for those running professional reselling schemes. The move comes as Democratic leadership works ... Read More »
Be the first to comment!Broke and broken: Report says Canada’s public transit in critical funding state
By Mia Rabson, The Canadian Press on August 16th, 2024
OTTAWA – A new analysis warns that Canada’s major cities are struggling to keep their transit systems running, and says public transit is heading for a “downward spiral” unless major new streams of operating revenue open up. In a report published in late May, Leading Mobility Canada said the $120-billion in expansions planned for those ... Read More »
Be the first to comment!Railways halt more shipments ahead of potential lockout as bargaining tensions rise
By The Canadian Press on August 16th, 2024
MONTREAL – The country’s two main freight railways are ramping up the amount of cargo being turned away ahead of a potential lockout next week that could snarl supply chains and disrupt industries. Canadian National Railway Co. schedules show that, starting today, it is barring container imports that originate at ports ranging from New York ... Read More »
Be the first to comment!S&P/TSX composite down in late-morning trading, while U.S. stock markets also fell
By The Canadian Press on August 16th, 2024
TORONTO – Canada’s main stock index was down in late-morning trading, weighed down by losses in base metal, energy and industrial stocks, while U.S. stock markets also moved lower. The S&P/TSX composite index was down 20.07 points at 23,012.65. In New York, the Dow Jones industrial average was down 19.80 points at 40,543.26. The S&P ... Read More »
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