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Annual grocery price increases continue to far outpace overall inflation
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.
Aug 15, 2023 1:52 PM
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President Biden focuses on factory jobs in Wisconsin, ignoring latest Trump indictment
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
Aug 15, 2023 1:27 PM
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As inflation jumps to 3.3 per cent in July, economists say uptick is bad news for BoC
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.
Aug 15, 2023 12:28 PM
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Alberta's electricity cost surge helps drive inflation even as energy prices drop
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.
Aug 15, 2023 12:18 PM
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Netflix launches gaming test for televisions and computers in Canada
TORONTO — Netflix says it has begun an experiment allowing some Canadians to play its games on their televisions and computers.
Aug 15, 2023 9:46 AM
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Stock market today: Wall Street falls with markets worldwide after weak economic data from China
NEW YORK (AP) — Stocks worldwide are falling Tuesday as China’s faltering recovery raises worries for the rest of the global economy. The S&P 500 sank 0.
Aug 15, 2023 9:46 AM
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Texas sues Shell over May fire at Houston-area petrochemical plant
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.
Aug 15, 2023 9:18 AM
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July home sales see largest annual rise in two years: CREA
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.
Aug 15, 2023 9:06 AM
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Statistics Canada reports manufacturing sales down 1.7 per cent in June
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.
Aug 15, 2023 9:00 AM
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Ontario Teachers earned 1.9% net return for first half of 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.
Aug 15, 2023 8:19 AM
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