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Month: February 2022

U.S. consumer prices post largest annual gain in 40 years; weekly jobless claims fall

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By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a 50 basis points interest rate hike from the Federal Reserve next month. The broad increase in prices reported by the Labor Department on Thursday was …

U.S. consumer prices post largest annual gain in 40 years; weekly jobless claims fall Read More »

Wall St drops over 1% on hotter inflation data, Bullard’s hawkish comment

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By Bansari Mayur Kamdar and Devik Jain (Reuters) -Megacap companies dragged U.S. stock indexes lower on Thursday after a hotter consumer prices reading and comments from St. Louis Federal Reserve Bank President James Bullard raised fears the Fed will act aggressively to counter inflation. The Labor Department data showed consumer prices surged 7.5% last month …

Wall St drops over 1% on hotter inflation data, Bullard’s hawkish comment Read More »

NR Can announces next round of funding for EV awareness

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Scott Nordlund The Minister of Natural Resources Canada announced another round of funding from the federal government for EV awareness. Natural Resources Canada will provide more than $450,000 split between two organizations to support zero-emission vehicle awareness projects. Electric Autonomy Canada receives $176,375 to develop and launch an awareness initiative for light and medium-duty fleets. The project will …

NR Can announces next round of funding for EV awareness Read More »

Oilpatch optimism high in Sask. amid surging prices at the pump

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Saskatchewan made nearly $15M selling Crown oil and gas rights in 2021-22 While Saskatchewan’s oil and gas sector stands to benefit from a recent surge in global oil prices, drivers are feeling the pain at the pump. Patrick De Haan, head of petroleum analysis at GasBuddy, said Canadian fuel prices are currently at or near record-highs as …

Oilpatch optimism high in Sask. amid surging prices at the pump Read More »

Gold price remains down as annual U.S. CPI rises 7.5% in January; another 40-year high

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Neils Christensen Thursday February 10, 2022 The gold market continues to see some technical selling pressure and is finding little bullish traction following hotter than expected inflation data. Thursday, the U.S. Labor Department said its U.S. Consumer Price Index rose 0.6% in January, after a 0.5 rise in December. The data beat consensus forecasts as economists were …

Gold price remains down as annual U.S. CPI rises 7.5% in January; another 40-year high Read More »

Ont. reports 44 more virus-related deaths as number of COVID-19 patients in hospital dips below 2,000

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Published Thursday, February 10, 2022  Provincial officials added another 44 virus-related deaths to Ontario’s COVID-19 death toll today as the number of people hospitalized with the virus dipped below 2,000 for the first time in more than a month. Officials say the 44 deaths logged today occurred in the last 24 days, including four on …

Ont. reports 44 more virus-related deaths as number of COVID-19 patients in hospital dips below 2,000 Read More »

Protesters block major Canada-U.S. border crossing in Manitoba

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Highway 75 blocked in both directions by farm equipment, semi-trailer trucks and more CBC News · Posted: Feb 10, 2022  Protesters in semi-trailer trucks, farm equipment and other vehicles have blocked all highway lanes at Manitoba’s main Canada-U.S. border crossing on Thursday. Simon Resch, whose family owns and operates the duty free shop in Emerson, Man., said both northbound …

Protesters block major Canada-U.S. border crossing in Manitoba Read More »

Gasoline prices breaking records as crude oil tops US$90 a barrel

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CALGARY — Gasoline prices across Canada shattered an all-time record high on Friday, as crude prices soared above US$90 per barrel and North American refineries worked full throttle to keep up with demand. The national average retail fuel price sat at 151.6 cents per litre as of 1.p.m. ET Friday, according to fuel price tracking …

Gasoline prices breaking records as crude oil tops US$90 a barrel Read More »

Nissan to stop making new gas engines in all markets except U.S.: report

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Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the United States and focus on making electric vehicles, the Nikkei business daily reported on Monday. The automaker will continue limited development of its gasoline engines for its U.S. market, mainly for pickup trucks, according to Nikkei, which …

Nissan to stop making new gas engines in all markets except U.S.: report Read More »

Amazon Is Raising Base Salary Cap to $350,000 From $160,000

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Spencer Soper Mon., February 7, 2022 Amazon.com Inc. is more than doubling the maximum base salary it pays employees to $350,000 from $160,000. “This past year has seen a particularly competitive labor market, and in doing a thorough analysis of various options, weighing the economics of our business and the need to remain competitive for …

Amazon Is Raising Base Salary Cap to $350,000 From $160,000 Read More »

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