November 29th, 2020

Business

Bell Media makes investment in Grande Studios as part of commitment to Quebec content

By The Canadian Press on November 18th, 2020

MONTREAL – Bell Media has made a minority investment in Grande Studios in a partnership they say will increase resources for Quebec’s French-language content creation and production. Financial terms of the agreement were not disclosed. Grande Studios provides production facilities, camera and lighting equipment rentals in Montreal and Toronto. It also provides technical services to ... Read More »

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Ottawa to keep Boeing Max aircraft grounded for now, despite US decision

By The Canadian Press on November 18th, 2020

OTTAWA – Canada will not immediately follow the U.S. in allowing the Boeing 737 MAX aircraft to return to Canadian airspace. Minister of Transport Marc Garneau said in a statement Wednesday that Canada will impose different requirements than the U.S. before it lifts the grounding orders for the plane, including additional procedures on the flight ... Read More »

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S&P/TSX composite edges up in early trading, U.S. stock markets also creep higher

By The Canadian Press on November 18th, 2020

TORONTO – Strength in the financial and energy sectors helped Canada’s main stock index creep higher in early trading, while U.S. stock markets also edged up. The S&P/TSX composite index was up 2.25 points at 16,950.31. In New York, the Dow Jones industrial average was up 75.14 points at 29,858.49. The S&P 500 index was ... Read More »

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Manulife buys two-tower residential property in Gatineau for $63 million

By The Canadian Press on November 18th, 2020

TORONTO – Manulife Financial Corp.’s investment management business says it has purchased a luxury residential property in Quebec for $63 million. Manulife Investment Management says the property is called Le Vibe and is a recently built residential complex in downtown Gatineau. The property includes two eight-storey towers with a total of 180 units and views ... Read More »

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Home construction up 4.9% in October to 1.53 million

By The Associated Press on November 18th, 2020

CHARLOTTE, N.C. – Home construction rose 4.9% in October as home building remains as one of the bright spots of the economy. The increase pushed home construction to a seasonally adjusted annual rate of 1.53 million homes and apartments and followed a more modest gain of 1.9% in September. Building permits, a good barometer of ... Read More »

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Here’s a list of October inflation rates for Canadian provinces

By The Canadian Press on November 18th, 2020

OTTAWA – Canada’s national annual inflation rate was 0.7 per cent in October, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): – Newfoundland and Labrador: 0.6 per cent (0.3) – Prince Edward Island: 0.1 per cent (0.0) – Nova Scotia: 0.3 per cent (-0.7) – New Brunswick: 0.1 per cent ... Read More »

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

By The Canadian Press on November 18th, 2020

OTTAWA – Canada’s national annual inflation rate was 0.7 per cent in October, 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.: 1.1 per cent (0.7) – Charlottetown-Summerside: 0.1 ... Read More »

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Annual rate of inflation rose to 0.7 per cent in October, Statistics Canada says

By The Canadian Press on November 18th, 2020

OTTAWA – Statistics Canada says the consumer price index in October was up 0.7 per cent compared with a year ago as the annual pace of inflation increased led by higher food prices. The increase compared with a year-over-year rise of 0.5 per cent in September. Economists had expected a year-over-year increase of 0.4 per ... Read More »

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Home construction up 4.9% in October

By The Associated Press on November 18th, 2020

CHARLOTTE, N.C. – The number of newly issued permits to build fresh housing remained steady in October. Housing starts rose 4.9%, and are up 14% higher than a year ago, the Commerce Department reported Wednesday, to an annualized rate of 1.53 million. Building permits remained at a seasonally adjusted rate of 1.55 million annualized units, ... Read More »

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Canadian Press NewsAlert: Annual rate of inflation rose to 0.7 per cent in October

By The Canadian Press on November 18th, 2020

OTTAWA – Statistics Canada says the consumer price index in October was up 0.7 per cent compared with a year ago as the annual pace of inflation increased led by higher food prices. The increase compared with a year-over-year rise of 0.5 per cent in September. Economists had expected a year-over-year increase of 0.4 per ... Read More »

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FAA clears Boeing 737 Max to fly again

By David Koenig And Tom Krisher, The Associated Press on November 18th, 2020

After nearly two years and a pair of deadly crashes, U.S. Federal Aviation Administration has cleared Boeing’s 737 Max for flight. The nation’s air safety agency announced the move early Wednesday, saying it was done after a comprehensive and methodical 20-month review process. Regulators around the world grounded the Max in March 2019, after the ... Read More »

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