Business
Selfie sticks bloom beneath Vancouver’s cherry blossoms, as petal power goes global
By Nono Shen, The Canadian Press on April 8th, 2023
It’s springtime in Metro Vancouver, when thickets of selfie sticks and tourists sprout up beneath canopies of the region’s famous cherry blossoms. On Sussex Avenue in Burnaby, east of Vancouver, a group of five fashionably dressed women set up an iPhone on a tripod under the blossoms. One accessorizes with a green scarf then pauses ... Read More »
Be the first to comment!Low-cost Temu goes head-to-head with Amazon after advertising blitz
By Brett Bundale, The Canadian Press on April 7th, 2023
It started with a video of a postal worker sorting a mountain of orange packages from Temu. Rachael D’Amore hadn’t heard of the online shopping site, but after watching the video she found good reviews, affordable products and free shipping on most orders – what she called “a unicorn in Canada these days.” “I had ... Read More »
Be the first to comment!US adds a healthy 236,000 jobs despite Fed’s rate hikes
By Paul Wiseman, The Associated Press on April 7th, 2023
WASHINGTON (AP) – America’s employers added a solid 236,000 jobs in March, reflecting a resilient labor market and suggesting that the Federal Reserve may see the need to keep raising interest rates in the coming months. The unemployment rate fell to 3.5%, not far above the 53-year low of 3.4% set in January. Last month’s ... Read More »
Be the first to comment!S&P/TSX composite posts small gain Thursday, U.S. markets also up
By The Canadian Press on April 6th, 2023
TORONTO – Canada’s main stock index ticked upward Thursday with mixed results among sectors, while U.S. markets also posted gains to end the short trading week. The S&P/TSX composite index was up 37.14 points at 20,196.69. In New York, the Dow Jones industrial average was up 2.57 points at 33,485.29. The S&P 500 index was ... Read More »
Be the first to comment!Trump arrest prompts Jesus comparisons: ‘Spiritual warfare’
By David Klepper, The Associated Press on April 6th, 2023
WASHINGTON (AP) – For the most devoted Trump conspiracy theorists, there are no coincidences and timing is everything. So when ex-President Donald Trump was arraigned Tuesday on charges that he falsified business records to obscure hush money payments in an effort to influence the 2016 election, some of his most ardent followers quickly noted the ... Read More »
Be the first to comment!Economy keeps adding jobs as population grows, despite high interest rates
By Nojoud Al Mallees, The Canadian Press on April 6th, 2023
OTTAWA – The Canadian economy added 35,000 jobs in March amid strong population growth, keeping the unemployment rate steady at near record lows, even as the economy wrestles with high interest rates. In its latest labour force survey, Statistics Canada said Thursday the unemployment rate came in at five per cent for the fourth consecutive ... Read More »
Be the first to comment!Canadians spending on travel and services but cutting back on restaurants, goods: RBC
By The Canadian Press on April 6th, 2023
TORONTO – RBC says Canadians are continuing to spend on holidays and non-essential services, but are cutting back on restaurants and goods. The bank’s latest spending tracker report says while overall spending was steady in March, there were some signs of weakness in goods spending, mirroring a pullback in auto sales. RBC economist Carrie Freestone ... Read More »
Be the first to comment!Alberta Investment Management Corp. reports a loss of 3.4 per cent for 2022
By The Canadian Press on April 6th, 2023
EDMONTON – Alberta Investment Management Corp. reported a loss of 3.4 per cent for 2022 as it faced declines in both public equities and fixed-income markets last year. The fund manger responsible for the investments of pension, endowment and government funds in Alberta says the result was better than its composite benchmark, which posted a ... Read More »
Be the first to comment!States and companies compete for billions to make hydrogen
By Jennifer Mcdermott And John Flesher, The Associated Press on April 6th, 2023
As fossil fuel emissions continue warming Earth’s atmosphere, the Biden administration is turning to hydrogen as an energy source for vehicles, manufacturing and generating electricity. It’s offering $8 billion to entice the nation’s industries, engineers and planners to figure out how to produce and deliver clean hydrogen. States and businesses are making final pitches Friday ... Read More »
Be the first to comment!Are robot waiters the future? Some restaurants think so
By Dee-ann Durbin, The Associated Press on April 6th, 2023
MADISON HEIGHTS, Mich. (AP) – You may have already seen them in restaurants: waist-high machines that can greet guests, lead them to their tables, deliver food and drinks and ferry dirty dishes to the kitchen. Some have cat-like faces and even purr when you scratch their heads. But are robot waiters the future? It’s a ... Read More »
Be the first to comment!Montreal home sales hit new March low, dropping 28% from a year ago: Quebec board
By The Canadian Press on April 6th, 2023
MONTREAL – The Quebec Professional Association of Real Estate Brokers says March home sales hit a new low for the month, but it’s seeing signs that such declines are shrinking. The association says 3,947 homes changed hands last month, a 28 per cent drop from the March before. The association says the month marked the ... Read More »
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