Joanna Ossinger and Farah Elbahrawy, Bloomberg News After a selloff that put global stocks on course for their worst month since the start of the pandemic, strategists from Goldman Sachs Group Inc. to Citigroup Inc. say it’s now time to buy. “Any further significant weakness at the index level should be seen as a buying opportunity, …
Goldman, Citi strategists say it’s now time to buy stocks rout Read More »
The Canadian Press – Jan 25, 2022 The International Monetary Fund is downgrading its forecast for the world economy this year, citing the spread of COVID-19’s omicron variant, higher energy prices, an uptick in inflation and financial strains in China. The 190-country lending agency now forecasts the global economy will expand 4.4 per cent in 2022. …
IMF cuts world, Canadian growth in 2022 forecast due to omicron, other woes Read More »
Daniel J. Rowe CTVNewsMontreal.ca Digital Reporter The Quebec government is shelling out almost $25 million for businesses looking to enter the future. Economy and Innovation Minister Pierre Fitzgibbon announced that the CAQ government will release $24.6 million to support eight projects under the Digital Transformation Offensive (OTN). The money is meant to help 2,000 businesses …
Quebec shells out $25 million for business digital transformation Read More »
Grocery prices increasing at fastest pace in more than a decade Pete Evans · CBC News · Posted: Jan 19, 2022 8:42 AM ET The Consumer Price Index increased at an annual pace of 4.8 per cent in December, as sharply higher prices for food led to the cost of living going up at its fastest rate since 1991. …
Canada’s inflation rate rises to new 30-year high of 4.8% Read More »
One of the most troubling aspects about the failure of our economy is our society’s great income divide. In his new column for the Star, Magna founder Frank Stronach shares ideas on how to fix it. By Frank Stronach Contributing Columnist Tue., Jan. 18, 2022 When something is not right — it might be in your …
The economy no longer works for many Canadians — and business is largely to blame Read More »
Average home price hit $713,500 in December, Canadian Real Estate Association says CBC News · Posted: Jan 17, 2022 9:27 AM ET The Canadian Real Estate Association’s House Price Index rose by 26.6 per cent in the 12 months up to December, the fastest annual pace of gain on record. The group, which represents more than 100,000 …
House Price Index rose 26% in 2021, fastest pace on record Read More »
Higher cost of living causing angst, surveys show Victoria Wells Jan 14, 2022 Canadians expect higher grocery prices to be their biggest financial worry this year. PHOTO BY DAVID PAUL MORRIS/BLOOMBERG Inflation is causing sleepless nights for everyone from average Canadians to global executives, if two separate surveys are any indication. A higher cost of living …
Posthaste: Inflation tops list of worries for average Canadians and global CEOs alike Read More »
By Star staff Toronto Star Wednesday, December 8, 2021 The latest coronavirus news from Canada and around the world Wednesday. This file will be updated throughout the day. Web links to longer stories if available. 10:47 a.m. Nova Scotia today announced it will spend $57 million over the next two years as part of what the government says …
(Bloomberg) — The Bank of Canada kept borrowing costs unchanged in a policy decision Wednesday, but highlighted strength in the labor market and worries about the persistence of inflation that will likely keep expectations of imminent interest rate hikes intact. In a statement Wednesday, policymakers led by Governor Tiff Macklem left the benchmark overnight rate …
Bank of Canada Keeps Rate Unchanged, Warns of Elevated Inflation Read More »
By Eva Mathews (Mon, October 18th, 2021) U.S. company Facebook on Monday unveiled its plan to hire 10,000 people in the European Union over the next five years to advance the development of what it calls the “metaverse,” a nascent online world in which people live and communicate in shared virtual spaces.© Reuters/ARND WIEGMANN FILE PHOTO: …
Facebook plans to hire 10,000 people in the EU to build its “metaverse” Read More »
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