Business
Stocks drift on Wall Street following smaller Fed rate hike
By Stan Choe, The Associated Press on February 1st, 2023
NEW YORK (AP) – Stocks are drifting on Wall Street Wednesday following the Federal Reserve’s latest hike to interest rates, which are meant to get inflation under control. The S&P 500 was 0.4% lower in afternoon trading. The Dow Jones Industrial Average was down 330 points, or 1%, at 33,755, as of 2:26 p.m. Eastern ... Read More »
Be the first to comment!January’s new listings hit level not seen since the late 90s: Calgary realty board
By The Canadian Press on February 1st, 2023
CALGARY – The Calgary Real Estate Board says January’s new listings fell to a level not seen since the last 90s as home sales declined 40 per cent from the year before. The Albertan board says new listings for the month amounted to 1,852, a 25 per cent drop from January 2022. Meanwhile, home sales ... Read More »
Be the first to comment!Fed lifts rate by quarter-point and signals more hikes ahead
By Christopher Rugaber, The Associated Press on February 1st, 2023
WASHINGTON (AP) – The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. And the Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes. Though smaller than its previous hike – and even ... Read More »
Be the first to comment!Stocks pare losses following smaller rate hike by Fed
By Stan Choe, The Associated Press on February 1st, 2023
NEW YORK (AP) – Stocks are drifting on Wall Street Wednesday following the Federal Reserve’s latest hike to interest rates, which are meant to get inflation under control. The S&P 500 was 0.2% lower in afternoon trading, paring its loss from shortly before the Fed’s announcement. The Dow Jones Industrial Average was down 234 points, ... Read More »
Be the first to comment!Ontario disability aid change not as beneficial as it seems: advocates
By Cindy Tran, The Canadian Press on February 1st, 2023
OTTAWA – Terrie Meehan sometimes eats just one meal a day so she can stretch her food supply. The $1,100 a month she receives from the Ontario Disability Support Program just doesn’t go that far. That won’t change for Meehan – or the vast majority of the Ontarians who receive aid under the program – ... Read More »
1 responseAndrew Tate loses appeal against 30-day detention in Romania
By Vadim Ghirda And Stephen Mcgrath, The Associated Press on February 1st, 2023
BUCHAREST, Romania (AP) – A Romanian court on Wednesday upheld a second 30-day detention for the divisive influencer and former professional kickboxer Andrew Tate who is held on suspicion of organized crime and human trafficking, an official said. Tate lost his appeal against a judge’s Jan. 20 decision to extend his arrest a second time ... Read More »
1 responseFood prices set to increase — again — as blackout on price hikes ends at some stores
By The Canadian Press on February 1st, 2023
TORONTO – Higher grocery prices are expected to hit stores across Canada soon as a blackout on price increases over the holiday season comes to an end. Last fall, Loblaw Cos. Ltd. said it would freeze prices on all its in-house No Name products until Jan. 31, while Metro Inc. said it would hold prices ... Read More »
Be the first to comment!Andrew Tate loses appeal in Romania, to be held 30 more days
By Vadim Ghirda And Stephen Mcgrath, The Associated Press on February 1st, 2023
BUCHAREST, Romania (AP) – Andrew Tate lost his appeal at a Romanian court and will be held for a further 30 days, an official said Wednesday. Tate, a divisive influencer and former professional kickboxer, is detained on suspicion of organized crime and human trafficking. Tate lost his appeal at the Bucharest Court of Appeal against ... Read More »
1 responseJob market still hot, December openings rise to 11 million
By Paul Wiseman, The Associated Press on February 1st, 2023
WASHINGTON (AP) – U.S. job openings rose to 11 million in December, delivering a setback to the Federal Reserve’s effort to cool a hot job market. Openings were up from 10.44 million in November and were the highest since July, according to data released Wednesday by the Labor Department. Economists had expected job openings to ... Read More »
1 responseU.S. job openings rise in December to 11 million
By Paul Wiseman, The Associated Press on February 1st, 2023
WASHINGTON (AP) – U.S. job openings rose to 11 million in December, a sign the American labor market remains hot and a blow to the Federal Reserve’s efforts to cool it off. The Labor Department said Wednesday that openings were up from 10.4 million in November. Economists had expected job openings to drop slightly in ... Read More »
1 responseImmigration increase alone won’t fix the labour market, experts say
By Rosa Saba, The Canadian Press on February 1st, 2023
Experts say Canada’s plan to increase immigration may ease some pressures in the labour market, but bigger changes are needed to ensure new permanent residents are matched with the jobs that most need filling. With the unemployment rate at historic lows, many companies are “starved” for workers, and new immigrants will help fill some of ... Read More »
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