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Record lumber prices adding thousands of dollars to new home building costs

Record lumber prices adding thousands of dollars to new home building costs

CALGARY — Soaring lumber and wood panel prices are adding thousands of dollars to the cost of building a home in Canada as strong renovation and new housing demand outstrip supply.
US retail sales rise for 3rd month but slowdown expected

US retail sales rise for 3rd month but slowdown expected

WASHINGTON — Americans increased their spending at retail stores and restaurants in July for a third straight month, but some evidence suggests that sales are weakening with the expiration of government rescue aid that had previously put more money i
Apple, Google drop Fortnite from app stores over payments

Apple, Google drop Fortnite from app stores over payments

NEW YORK — Apple and Google dropped the popular game Fortnite from their app stores after the game’s developer introduced a direct payment plan that bypasses their platforms.

Rent hike increase in B.C. is frozen, but province says landlords can evict

VICTORIA — A payment plan has been set out for renters in British Columbia who haven't been able to pay rent during the COVID-19 pandemic as a government moratorium on evictions ends on Sept. 1. Renters in arrears between March 18 and Aug.
Freshii sees sales start to recover as most of its restaurants reopen

Freshii sees sales start to recover as most of its restaurants reopen

TORONTO — Freshii Inc.
Statistics Canada says manufacturing sales posted record gain in June

Statistics Canada says manufacturing sales posted record gain in June

OTTAWA — Canadian manufacturing sales climbed a record 20.7 per cent in June to $48.7 billion as production returned following widespread shutdowns earlier in the year, Statistics Canada reported Friday.
US industrial production up 3%; factory output up 3.4%

US industrial production up 3%; factory output up 3.4%

WASHINGTON — American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck.
US productivity rises 7.3% as hours worked are nearly halved

US productivity rises 7.3% as hours worked are nearly halved

SILVER SPRING, Md. — U.S. productivity rose at a 7.3% rate in the second quarter as the number of hours worked fell by nearly half, the biggest drop-off since the government started tracking the data more than 70 years ago.
US seizes virtual currency alleged to fund militant groups

US seizes virtual currency alleged to fund militant groups

WASHINGTON — The Justice Department said Thursday that it has seized millions of dollars from cryptocurrency accounts that militant groups, including al-Qaida and the Islamic State, relied on to finance their organizations and violent plots.
Freshii sees $525K net loss in second quarter amid COVID-19 pandemic

Freshii sees $525K net loss in second quarter amid COVID-19 pandemic

TORONTO — Freshii Inc. reported a roughly half-million second-quarter loss amid the COVID-19 pandemic that saw many of its restaurants temporarily close.