Feds slow down timeline for faster Toronto-Quebec City railway
By The Canadian Press on July 20th, 2023
MONTREAL – The federal government is slowing the timeline on a faster passenger railway set to stretch from Toronto to Quebec City. Transport Minister Omar Alghabra says he hopes the high-frequency rail line will be running by the mid-2030s – rather than the early 2030s, which he projected as recently as March. At a press ... Read More »
Be the first to comment!Consumer spending to soften in second half of 2023: Canadian Chamber of Commerce
By The Canadian Press on July 20th, 2023
OTTAWA – The Canadian Chamber of Commerce says while consumer spending remained strong in the second quarter, it turned a corner after the Bank of Canada ended its pause on interest rate hikes. Chamber chief economist Stephen Tapp says consumer spending will likely slow noticeably in the second half of the year as people cut ... Read More »
Be the first to comment!S&P/TSX composite down as tech stocks fall, U.S. stocks mixed
By The Canadian Press on July 20th, 2023
TORONTO – Losses in the technology stocks helped lead Canada’s main stock index lower in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was down 57.74 points at 20,433.43. In New York, the Dow Jones industrial average was up 234.85 points at 35,296.06. The S&P 500 index was down 16.44 points ... Read More »
Be the first to comment!RFK Jr. defends himself against complaints of racist and antisemitic online misinformation
By Lisa Mascaro And Ali Swenson, The Associated Press on July 20th, 2023
WASHINGTON (AP) – Robert F. Kennedy Jr. defended himself Thursday against accusations that he traffics in racist and hateful online conspiracy theories, testifying at a House hearing on government censorship despite requests from outside groups to disinvite the Democratic presidential candidate after his recent antisemitic remarks. The Republican-led Select Subcommittee on the Weaponization of the ... Read More »
Be the first to comment!Home sales in June fell to the slowest pace since January with near-historic low inventory for sale
By Alex Veiga, The Associated Press on July 20th, 2023
LOS ANGELES (AP) – Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines. The national median sales price fell on an annual basis for the fifth month in a ... Read More »
Be the first to comment!Magna investing US$790 million on Ford electric truck supplier plants in Tennessee
By The Canadian Press on July 20th, 2023
TORONTO – Magna International is investing more than US$790 million in the U.S. to build parts plants that will support Ford electric pickup truck production. The Aurora, Ont., auto-parts giant says it will build two facilities in Stanton, Tenn., as part of the supplier park for Ford’s BlueOval City that will be capable of producing ... Read More »
Be the first to comment!Budget watchdog reviewing underused housing tax again as U.S. critics push for relief
By The Canadian Press on July 20th, 2023
WASHINGTON – Canada’s budget watchdog is taking a second look at Ottawa’s new tax on underused housing that critics hope will lead to a last-minute reprieve for U.S. cottage owners. A spokesman for Niagara Falls MP Tony Baldinelli says the Parliamentary Budget Office has agreed to review its initial 2022 analysis of the measure. New ... Read More »
Be the first to comment!‘Pink is life’: Demand for all things Barbie spikes ahead of movie debut
By Tara Deschamps, The Canadian Press on July 20th, 2023
TORONTO – Few people were more excited than Natasha Philpott when Mattel revealed it had given its blessing for its most prized brand, Barbie, to get the Hollywood treatment almost 65 years after it was born. “I was Barbiecore before it was cool,” the 36-year-old library marketing and communications co-ordinator from Bradford, Ont., said ahead ... Read More »
Be the first to comment!Home sales fell in June to the slowest pace since January, limited by near-historic low inventory
By Alex Veiga, The Associated Press on July 20th, 2023
LOS ANGELES (AP) – Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines. The national median sales price fell on an annual basis for the fifth month in a ... Read More »
Be the first to comment!RFK Jr. testifies at a House hearing over online censorship as the GOP elevates Biden’s rival
By Lisa Mascaro And Ali Swenson, The Associated Press on July 20th, 2023
WASHINGTON (AP) – House Republicans claimed government censorship of online speech at a public hearing Thursday, with Robert F. Kennedy Jr. testifying despite requests from outside groups to disinvite the Democratic presidential candidate after his recent antisemitic remarks. The Republican-led Select Subcommittee on the Weaponization of the Federal Government is amplifying GOP claims that conservatives ... Read More »
Be the first to comment!How to enjoy the freedom of the RV lifestyle, without breaking the bank
By Amanda Stephenson, The Canadian Press on July 20th, 2023
The name that Nikki and Steve Ferreira have given to their 44-foot, fifth wheel RV is something of an inside joke. That’s because, when Steve made a spur-of-the-moment suggestion back in 2020 that the Burlington, Ont. couple buy an RV, Nikki’s first reaction was to fret about where the money would come from. Their daughter ... Read More »
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