Alberta bid winner for donair costume says all about provincial pride — and lettuce
By Dean Bennett, The Canadian Press on August 15th, 2023
EDMONTON – The Edmonton business owner who forked out $16,000 in a government-sponsored bidding war for a life-size donair costume says it was all about keeping the meat suit from being desecrated by lettuce-rejecting Maritimers. Adil Asim, owner of PrimeTime Donair, said the business decided to up the ante and not quit when it heard ... Read More »
Be the first to comment!S&P/TSX composite falls almost 400 points, U.S. stock markets also retreat
By The Canadian Press on August 15th, 2023
TORONTO – Canada’s main stock index fell almost 400 points, or nearly two per cent, Tuesday on broad-based weakness, while U.S. markets also fell, with the three major indexes south of the border each losing more than one per cent. The S&P/TSX composite index closed down 390.75 points at 19,899.79. In New York, the Dow ... Read More »
Be the first to comment!Annual grocery price increases continue to far outpace overall inflation
By Rosa Saba, The Canadian Press on August 15th, 2023
Grocery prices are still rising at a far higher annual pace than overall inflation, but experts expect to see them continue moderating as the year progresses. The price of groceries grew 8.5 per cent in July compared with last year, down from a 9.1 per cent year-over-year gain in June, according to Statistics Canada. The ... Read More »
Be the first to comment!President Biden focuses on factory jobs in Wisconsin, ignoring latest Trump indictment
By Fatima Hussein And Josh Boak, The Associated Press on August 15th, 2023
MILWAUKEE (AP) – On the heels of a fourth indictment for Donald Trump, President Joe Biden focused on manufacturing jobs in a speech at a Wisconsin factory – putting his ideas for growth up against his Republican rivals in a bid to win over voters in a key state in next year’s presidential election. “It’s ... Read More »
Be the first to comment!Alberta’s electricity cost surge helps drive inflation even as energy prices drop
By The Canadian Press on August 15th, 2023
Statistics Canada says a spike in the amount Albertans paid for electricity last month counteracted an overall decline in energy prices in July – and was one of the key reasons cited by the agency as the overall inflation rate ticked up. The agency says energy prices were down 8.2 per cent in July on ... Read More »
Be the first to comment!President Biden travels to battleground Wisconsin to talk about the economy a week before GOP debate
By Fatima Hussein, The Associated Press on August 15th, 2023
MILWAUKEE (AP) – In a show of preemptive counter-programming, President Joe Biden on Tuesday traveled to Wisconsin to highlight his economic policies in a state critical to his reelection fortunes, just a week before Republicans descend on Milwaukee for the party’s first presidential debate. His arrival in Milwaukee comes on the eve of the anniversary ... Read More »
Be the first to comment!Office vacancy rate could peak in 2024 as hybrid work models gain popularity: report
By The Canadian Press on August 15th, 2023
TORONTO – A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt companies to reduce their office space. It says office vacancy in Canada has risen from around eight to 14 per cent ... Read More »
Be the first to comment!Grocery price increases continue to outpace overall inflation
By The Canadian Press on August 15th, 2023
OTTAWA – Grocery prices are still rising at a far higher pace than overall inflation, despite moderating somewhat in July. The price of groceries grew 8.5 per cent in July compared to last year. That’s down from a 9.1 per cent annualized gain in June, as prices for fresh fruit and bakery products rose at ... Read More »
Be the first to comment!Suncor has been too focused on energy transition, must get back to fundamentals: CEO
By Amanda Stephenson, The Canadian Press on August 15th, 2023
CALGARY – The man hired to turn around the flagging fortunes of Suncor Energy Inc. said Tuesday he believes the company has been too focused in recent years on the energy transition and must get back to an oil-centred business strategy. CEO Rich Kruger, who took the reins at the Calgary-based energy giant this spring, ... Read More »
Be the first to comment!Cash incentives offered to Nova Scotia businesses that promote the ‘Gaelic brand’
By The Canadian Press on August 15th, 2023
HALIFAX – The Nova Scotia government is offering up to $1,000 to businesses that promote the Gaelic language and culture. Among other things, the Gaelic Business Initiative encourages businesses to hire Gaelic-speaking employees and incorporate Gaelic into their marketing and advertising. For example, restaurants could promote the use of Gaelic by providing English and Gaelic ... Read More »
Be the first to comment!Alberta’s electricity cost surge helps drive slowdown of Canadian energy prices
By The Canadian Press on August 15th, 2023
Statistics Canada says a spike in the amount Albertans paid for electricity last month helped slow the decline of Canadian energy prices for July – one of the key reasons cited by the agency as the national inflation rate ticked up. It says energy prices were down 8.2 per cent in July on a year-over-year ... Read More »
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