Netflix launches gaming test for televisions and computers in Canada
By The Canadian Press on August 15th, 2023
TORONTO – Netflix says it has begun an experiment allowing some Canadians to play its games on their televisions and computers. A blog post by the streaming giant’s vice-president of games says the test for a small number of Canadian users began on Monday with a television launch and will include access for computers in ... Read More »
Be the first to comment!Texas sues Shell over May fire at Houston-area petrochemical plant
By The Associated Press on August 15th, 2023
AUSTIN, Texas (AP) – Texas is suing Shell and is seeking more than $1 million, alleging a fire at the oil giant’s Houston-area petrochemical plant damaged the environment. The May 5 fire at the plant in the suburb of Deer Park resulted in nine workers being treated at and released from a hospital. The lawsuit, ... Read More »
Be the first to comment!Stock market today: Wall Street slumps with markets worldwide after weak economic data from China
By Stan Choe, The Associated Press on August 15th, 2023
NEW YORK (AP) – Stocks worldwide are slumping Tuesday as China’s faltering recovery raises worries for the rest of the global economy. The S&P 500 slipped 1% in morning trading after data showed a deepening slump in July for the world’s second-largest economy. The Dow Jones Industrial Average fell 311 points, or 0.9%, at 34,996, ... Read More »
Be the first to comment!As inflation jumps to 3.3 per cent in July, economists say uptick is bad news for BoC
By Nojoud Al Mallees, The Canadian Press on August 15th, 2023
OTTAWA – Canada’s annual inflation rate rose to 3.3 per cent in July, as economists warn the latest consumer price index report spells bad news for the Bank of Canada. The uptick in price growth comes after inflation tumbled to 2.8 per cent in June, falling within the Bank of Canada’s target range of between ... Read More »
Be the first to comment!Ontario Teachers earned 1.9% net return for first half of 2023
By The Canadian Press on August 15th, 2023
TORONTO – The Ontario Teachers’ Pension Plan Board says it earned a net return of 1.9 per cent for the first six months of the year. The pension fund’s total net assets stood at $249.8 billion at June 30, up from $247.2 billion at Dec. 31, 2022. Chief investment officer Ziad Hindo says the fund ... Read More »
Be the first to comment!July home sales see largest annual rise in two years: CREA
By Tara Deschamps, The Canadian Press on August 15th, 2023
July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday. On a non-seasonally adjusted basis, sales edged up 8.7 per cent from the prior July to 41,186. Seasonally-adjusted sales amounted to 40,028, a 0.7 per cent drop from June. ... Read More »
Be the first to comment!Stock market today: Wall Street falls with markets worldwide after weak economic data from China
By Joe Mcdonald And Matt Ott, The Associated Press on August 15th, 2023
NEW YORK (AP) – Stocks worldwide are falling as China’s faltering recovery raises worries for the rest of the global economy. The S&P 500 was 0.4% lower at the open of Tuesday’s trading after data showed a deepening slump for the world’s second-largest economy. The Dow was down 133 points, and the Nasdaq was 0.3% ... Read More »
Be the first to comment!July home sales little changed from June, see largest annual rise in two years: CREA
By The Canadian Press on August 15th, 2023
OTTAWA – The Canadian Real Estate Association says July’s home sales were little changed from June but saw the largest year-over-year increase in more than two years. The association says seasonally-adjusted sales amounted to 40,028, a 0.7 per cent drop from June. On a non-seasonally adjusted basis, sales edged up 8.7 per cent from the ... Read More »
Be the first to comment!Retail sales rose solidly last month in a sign that consumers are still spending freely
By Anne D'innocenzio, The Associated Press on August 15th, 2023
NEW YORK (AP) – Americans increased their purchases at retailers last month ““ for clothing, dining out, sporting goods and other areas– in a sign that solid consumer spending is still powering a resilient U.S. economy. Retail sales rose a better-than-expected 0.7% in July from June, according to the Commerce Department’s report Tuesday. The gain ... Read More »
Be the first to comment!Statistics Canada reports manufacturing sales down 1.7 per cent in June
By The Canadian Press on August 15th, 2023
OTTAWA – Statistics Canada says manufacturing sales fell 1.7 per cent to $71.5 billion in June, led by a drop in sales in the petroleum and coal product, chemical and machinery subsectors. Sales were down in 14 of the 21 subsectors as sales in the petroleum and coal product group helped lead the way with ... Read More »
Be the first to comment!Retail sales rise 0.7% in July from June as inflation continues to ease
By Anne D'innocenzio, The Associated Press on August 15th, 2023
NEW YORK (AP) – Americans increased their spending last month as inflation continued to ease on eggs, electronics and other items, and the job market remains healthy. Retail sales rose a better-than-expected 0.7% in July from June. The gain followed a revised 0.3% gain the previous month, the Commerce Department reported Tuesday. Excluding autos and ... Read More »
Be the first to comment!
