December 5th, 2021

Business

November delivers another hit to sinking consumer confidence

By Martin Crutsinger, The Associated Press on November 30th, 2021

WASHINGTON (AP) – U.S. consumer confidence fell to a nine-month low in November, clipped by rising prices and concern about the coronavirus. The Conference Board reported Tuesday that its consumer confidence index dropped to a reading of 109.5, down from 111.6 in October. It was the lowest reading since the index stood at 95.2 in ... Read More »

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US consumer confidence falls in November to nine-month low

By Martin Crutsinger, The Associated Press on November 30th, 2021

WASHINGTON (AP) – U.S. consumer confidence fell to a nine-month low in November, clipped by rising prices and lingering concerns about the coronavirus. The Conference Board reported Tuesday that its consumer confidence index dropped to a reading of 109.5, down from 111.6 in October. It was the lowest reading since the index stood at 95.2 ... Read More »

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Canadian workers facing burnout during the pandemic: Ceridian report

By Tara Deschamps, The Canadian Press on November 30th, 2021

TORONTO – A new report says droves of Canadian workers have experienced burnout during the pandemic and it’s causing at least 20 per cent to seek new jobs. The report from human resources software company Ceridian found 84 per cent of the 1,304 Canadian workers surveyed by Hanover Research last month felt burned out over ... Read More »

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Most manufacturers facing more acute labour shortage than last year: survey

By Tara Deschamps, The Canadian Press on November 30th, 2021

A new survey of Canadian manufacturers has found 82 per cent or respondents are facing labour shortages and 75 per cent feel their hiring troubles are even worse than last year. The survey of 445 companies conducted by the Canadian Manufacturers and Exporters (CME) in October found a lack of workers and material shortages have ... Read More »

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Ontario Teachers’ buys stake in U.S. renewable energy portfolio from NextEra Energy

By The Canadian Press on November 30th, 2021

TORONTO – Ontario Teachers’ Pension Plan Board says it has signed a deal with a subsidiary of NextEra Energy Inc. to buy a 50 per cent stake in a portfolio of 13 wind, solar and energy storage assets in the U.S. for US$849 million. The pension fund manager has also committed to buy at least ... Read More »

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Most manufacturers facing labour shortage, rising costs, industry says

By Tara Deschamps, The Canadian Press on November 30th, 2021

OTTAWA – A new survey of Canadian manufacturers has found 82 per cent are facing labour shortages and 75 per cent feel their hiring troubles are even worse than last year. The survey of 445 companies conducted by the Canadian Manufacturers and Exporters in October found a lack of workers and material shortages have caused ... Read More »

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US home prices register 19.1% annual gain in September

By Paul Wiseman, The Associated Press on November 30th, 2021

WASHINGTON (AP) – U.S. home prices rose briskly in September, another sign that the housing market is booming in the aftermath of last year’s coronavirus recession. The S&P CoreLogic Case-Shiller 20-city home price climbed 19.1% in September from a year earlier. The strong price gains marked a deceleration from August’s 19.6% year-over-year increase. Still, September ... Read More »

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Statistics Canada says GDP grew at 5.4% annual rate in Q3

By The Canadian Press on November 30th, 2021

OTTAWA – Statistics Canada says the economy grew at an annual rate of 5.4 per cent in the third quarter of this year. The result is a turnaround for an economy that shrank in the second quarter, and outpaced economists’ expectations for growth in real gross domestic product between July and September. Statistics Canada says ... Read More »

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Sweden’s 1st female prime minister names a center-left govt

By The Associated Press on November 30th, 2021

COPENHAGEN, Denmark. (AP) – Sweden’s first female prime minister, Magdalena Andersson, on Tuesday presented her one-party center-left minority government with only a few changes compared to the previous Cabinet. Andersson, who had been Sweden’s finance minister, picked Mikael Damberg to replace her in that role. Damberg previously had been home affairs minister. Andersson, the leader ... Read More »

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Canadian Press NewsAlert: Statistics Canada says GDP grew at 5.4% annual rate in Q3

By The Canadian Press on November 30th, 2021

OTTAWA – Statistics Canada says the economy grew at an annual rate of 5.4 per cent in the third quarter of this year. More coming... Read More »

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West Fraser says severe weather and flooding in B.C. affecting shipments

By The Canadian Press on November 30th, 2021

VANCOUVER – West Fraser Timber Co. Ltd. says severe weather and flooding in B.C. that has disrupted highways and rail routes in the province is affecting its lumber and pulp shipments. The forestry company says that in the second half of November its western Canadian lumber weekly shipments have fallen by as much as 30 ... Read More »

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