Tag: Economy

Sep 6

Here’s a quick glance at unemployment rates for August, by Canadian city

Article content OTTAWA — The national unemployment rate was 6.6 per cent in August. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (numbers […]
Sep 1

Brands warm to new products as climate change lessens demand for cold weather gear

Breadcrumb Trail Links PMN PMN Business PMN Retail & Marketing Author of the article: The Canadian Press Tara Deschamps Published Sep 01, 2024  •  4 minute read Entrepreneur Bertrand Cesvet is a member of an investment group that bought Kanuk, a luxury parka brand based in Quebec, in May. Cesvet is seen in an undated […]
Aug 13

Home Depot trims guidance with anxiety about the broader economy up among contractors and homeowners

Article content Home Depot’s second-quarter sales rose slightly as the nation’s biggest home improvement retailer benefitted from an $18 billion acquisition this spring, but customers continued to rein in spending because of broadly higher costs and elevated interest rates. Sales edged up to $43.18 billion, from $42.92 billion, beating the $42.57 billion that Wall Street […]
Jul 12

Apple launches Vision Pro in Canada, but $5,000 price tag could make people ‘pause’

Breadcrumb Trail Links PMN PMN Business PMN Retail & Marketing PMN Technology Author of the article: The Canadian Press Tara Deschamps Published Jul 12, 2024  •  4 minute read Apple’s Vision Pro headset is expected to make its Canadian debut today. Bryan Chiang tries out an Apple Vision Pro headset during the first day of […]
Jul 11

Interest rate cut hasn’t led to rush of homebuyer demand yet: Royal LePage report

Article content TORONTO — Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada’s quarter-point cut to its key interest rate last month did not lead to a rush in demand. The latest Royal LePage house price survey released Thursday, detailing market trends across Canada […]
Jul 10

Climate advocacy group calls out property insurers for fossil fuel support

Breadcrumb Trail Links PMN Energy PMN Business Author of the article: The Canadian Press Ian Bickis Published Jul 10, 2024  •  4 minute read A shareholder advocacy group is calling out Canada’s property insurers for their support of the fossil fuel industry while also raising premiums because of climate-related disasters. A wildfire rips through a […]
Jul 10

Airline regulator prods passenger to keep quiet on complaint rulings

Breadcrumb Trail Links PMN Business Author of the article: The Canadian Press Christopher Reynolds Published Jul 10, 2024  •  2 minute read The country’s airline regulator is pressuring passengers to stay silent about its rulings on their complaints, according to a consumer rights organization.People make their way through Pearson Airport in Mississauga, Ont. on Tuesday, […]
May 2

Macklem defends Bank of Canada’s two per cent inflation target at Senate committee

Breadcrumb Trail Links News Economy Banking Senators questioned whether Bank of Canada should just change its inflation target to give Canadians relief on high mortgage rates Get the latest from Barbara Shecter straight to your inbox Sign Up Published May 01, 2024  •  Last updated 1 hour ago  •  4 minute read Bank of Canada Governor […]
Mar 30

‘Toppy’ markets destined for correction

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