March 29th, 2024

Business

Energy stocks help S&P/TSX composite creep higher, U.S. stock markets mixed

By The Canadian Press on March 19th, 2024

TORONTO – Strength in energy stocks helped Canada’s main stock index creep higher in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 5.28 points at 21,842.46. In New York, the Dow Jones industrial average was up 165.78 points at 38,956.21. The S&P 500 index was down 5.35 points at ... Read More »

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‘Unambiguously good”: Inflation slows in February as price growth unexpectedly eases

By Nojoud Al Mallees, 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 »

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Whether you have few assets or a lot, pre-nups can help prevent messy divorces

By Nina Dragicevic, The Canadian Press on March 19th, 2024

The best-case scenario with a pre-nuptial agreement is that you never need to use it. But there are too many other scenarios to ignore – ones for which a pre-nup would’ve been helpful. Even for younger couples who might not have acquired significant assets yet, there are still reasons to get one. Younger generations stand ... Read More »

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Statistics Canada says telecom prices continue to come down, driving inflation lower

By The Canadian Press on March 19th, 2024

OTTAWA – Statistics Canada says the cost of telecommunications services continues to come down, helping to drive the national inflation rate lower last month. Consumers who signed on to a cellphone plan in February paid 26.5 per cent less than they did during the same month a year ago and comes after a 16.4 per ... Read More »

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Here’s a list February inflation rates for Canadian provinces

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 »

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Here’s a list of February inflation rates for selected Canadian cities

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 »

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February inflation rate slows to 2.8% as price growth unexpectedly eases

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 »

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Canadian Press NewsAlert: February inflation rate ticks down to 2.8%

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 »

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AstraZeneca to buy Canadian cancer treatment developer Fusion Pharmaceuticals

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 »

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The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years

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 »

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New Brunswick to table budget today; opposition wants more help for health care

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 »

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