By The Canadian Press on March 19th, 2024
OTTAWA – Canada’s annual inflation rate was 2.8 per cent in February, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): – Newfoundland and Labrador: 2.0 per cent (2.5) – Prince Edward Island: 1.5 per cent (1.6) – Nova Scotia: 2.8 per cent (3.0) – New Brunswick: 2.1 per cent (2.3) ... Read More »
Be the first to comment!By The Canadian Press on March 19th, 2024
OTTAWA – Canada’s annual inflation rate was 2.8 per cent in February, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): – St. John’s, N.L.: 2.5 per cent (2.8) – Charlottetown-Summerside: 1.3 per ... Read More »
Be the first to comment!By The Canadian Press on March 19th, 2024
OTTAWA – Canada’s annual inflation rate unexpectedly fell to 2.8 per cent last month, amid sharp declines in cellular and internet services as well as slower grocery price growth. Statistics Canada released its February consumer price index report Tuesday, which shows price growth softened for a second consecutive month. Economists were widely expecting Canada’s inflation ... Read More »
Be the first to comment!By The Canadian Press on March 19th, 2024
OTTAWA – Statistics Canada says the annual inflation rate edged down to 2.8 per cent in February. Grocery prices rose at a slower pace than overall inflation for the first time since October 2021. More coming... Read More »
Be the first to comment!By The Canadian Press on March 19th, 2024
HAMILTON – Canadian cancer treatment developer Fusion Pharmaceuticals Inc. has signed a deal to be bought by AstraZeneca in an agreement valued at up to US$2.4 billion. Under the terms of the deal, Fusion shareholders will receive US$21 per share in cash plus an additional non-transferable contingent value right worth $3 per share in cash ... Read More »
Be the first to comment!By Yuri Kageyama, The Associated Press on March 19th, 2024
TOKYO (AP) – Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The Bank of Japan’s lending rate for overnight borrowing by banks was raised to a range of 0 to 0.1% from minus 0.1% at ... Read More »
Be the first to comment!By The Canadian Press on March 19th, 2024
FREDERICTON – New Brunswick’s Progressive Conservative government is set to table its final budget before voters head to the polls later this year in the provincial election. Liberal Leader Susan Holt says she hopes today’s budget focuses on health care and on the rising cost of living, and includes money for a fully funded school ... Read More »
Be the first to comment!By The Canadian Press on March 19th, 2024
OTTAWA – Statistics Canada is set to release its February consumer price index report this morning. Economists expect the inflation rate to tick up above three per cent again after slowing to 2.9 per cent in January. The consensus expectation among forecasters is that prices rose 3.1 per cent last month from a year ago, ... Read More »
Be the first to comment!By The Canadian Press on March 19th, 2024
TORONTO – A new report suggests credit delinquencies among Canadian businesses are on the rise. Equifax Canada’s latest quarterly business credit trends report says there was a 14.3 per cent uptick in the number of businesses that missed a payment on a credit product between the fourth quarter of 2023 and the fourth quarter of ... Read More »
Be the first to comment!By The Canadian Press on March 18th, 2024
WINNIPEG – The Manitoba government is planning to make it easier for workers to unionize, and to ban the use of replacement workers during labour disputes. The NDP government tried to introduce the bills, along with several others, in the legislature but the Opposition Progressive Conservatives used procedural tactics to stall the bills. If the ... Read More »
1 responseBy The Canadian Press on March 18th, 2024
OTTAWA – The federal government says it will host a summit on air accessibility in May amid what it calls “completely unacceptable” barriers to Canadians living with disabilities. Transport Minister Pablo Rodriguez says airlines have failed to meet the treatment standards that passengers with disabilities deserve, calling for more responsibility from the aviation sector. Multiple ... Read More »
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