Business
Bank regulator sees growing concerns in real estate even as credit quality holds
By The Canadian Press on April 18th, 2023
TORONTO – Canada’s bank regulator says it is preparing for weakness in the housing market to potentially last throughout 2023 as it flags the sector as a growing concern. The Office of the Superintendent of Financial Institutions says in its latest annual risk outlook that, while not making any forecasts, the housing market is its ... Read More »
Be the first to comment!US reporter held by Russia on spying charges denied release
By The Associated Press on April 18th, 2023
MOSCOW – A Russian judge ruled Tuesday that American journalist Evan Gershkovich must remain behind bars on espionage charges in a case that is part of a Kremlin crackdown on dissent and press freedom amid the war in Ukraine. Appearing in public for the first time in weeks, the 31-year-old Wall Street Journal reporter stood ... Read More »
Be the first to comment!Southwest grounds flights nationwide due to technical issues
By The Associated Press on April 18th, 2023
DALLAS (AP) – Federal officials halted Southwest Airlines flights from taking off on Tuesday. By late morning on the East Coast, more than 1,500 Southwest flights had been delayed, accounting for well over half of all delays nationwide, according to FlightAware. Southwest said on Twitter that it asked the Federal Aviation Administration to hold up ... Read More »
Be the first to comment!Food inflation continues to slow, but still outpacing general CPI increases
By The Canadian Press on April 18th, 2023
TORONTO – Statistics Canada’s latest consumer price index data shows food inflation continued to dip in March. The price of groceries rose 9.7 per cent last month compared with the same period last year, down from the 10.6 per cent year-over-year increase recorded in February. Statistics Canada says the slowdown is driven by prices for ... Read More »
Be the first to comment!Weston to step back from day-to-day operations at Loblaw as company announces new CEO
By The Canadian Press on April 18th, 2023
BRAMPTON, Ont. – Galen Weston is stepping aside from day-to-day operations of Loblaw Companies Ltd. in a senior leadership shuffle that will see a European retail executive take over as president and CEO. Canada’s largest grocer and drugstore chain said Tuesday the chief executive of Denmark’s leading grocery retailer Salling Group A/S, Per Bank, will ... Read More »
Be the first to comment!Why some young Canadians are choosing the DINK lifestyle
By Noushin Ziafati, The Canadian Press on April 18th, 2023
Sovereign Norris and her partner don’t want to have kids. “Economy wise, nature wise, with everything going on such as pandemics and world issues, I decided that I didn’t want to bring a child into this world,” said Norris. “I have kind of always known that I wanted to (be childfree) … When I met ... Read More »
Be the first to comment!Uber Eats launches cannabis delivery service in Vancouver, Victoria
By The Canadian Press on April 18th, 2023
VANCOUVER – A partnership between Uber Eats and cannabis resource company Leafly means British Columbia residents are now able to order legal pot and have it delivered to their door. Uber Canada says, starting immediately, B.C. residents over the age of 19 can use the Uber Eats app to order marijuana from local, licensed retailers. ... Read More »
Be the first to comment!Stock market today: S&P 500 gains; earnings reports mixed
By Yuri Kageyama And Matt Ott, The Associated Press on April 18th, 2023
TOKYO – Stocks are mostly higher on Wall Street Tuesday following a mixed set of earnings results from big companies and a stronger-than-expected report from the world’s second-largest economy. The S&P 500 was 0.3% higher in early trading. The Nasdaq also rose while the Dow Jones Industrial Average was slightly lower. Goldman Sachs dropped 3% ... Read More »
Be the first to comment!Here’s a list of March inflation rates for selected Canadian cities
By The Canadian Press on April 18th, 2023
OTTAWA – Canada’s annual inflation rate was 4.3 per cent in March, 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.: 3.6 per cent (5.5) – Charlottetown-Summerside: 4.2 per ... Read More »
Be the first to comment!Here’s a list March inflation rates for Canadian provinces
By The Canadian Press on April 18th, 2023
OTTAWA – Canada’s national annual inflation rate was 4.3 per cent in March, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): – Newfoundland and Labrador: 3.4 per cent (5.4) – Prince Edward Island: 3.9 per cent (6.7) – Nova Scotia: 4.6 per cent (6.5) – New Brunswick: 4.2 per cent ... Read More »
Be the first to comment!Canada’s inflation rate falls to lowest level since August 2021, hits 4.3% in March
By The Canadian Press on April 18th, 2023
OTTAWA – Canada’s annual inflation rate fell to 4.3 per cent in March as higher mortgage interest costs were offset by lower energy prices. Statistics Canada reported Tuesday that inflation slowed from 5.2 per cent in February, continuing along a downward trajectory that’s expected to bring it down to three per cent by mid-year. The ... Read More »
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