July 28th, 2021

Business

U.S. factory output dips 0.1% in June on auto chip shortage

By Paul Wiseman, The Associated Press on July 15th, 2021

WASHINGTON (AP) – U.S. factory output slid last month as a shortage of computer chips disrupted auto production. Manufacturing production dipped 0.1% in June – third drop in five months, the Federal Reserve reported Thursday. Overall, industrial prdouction – including output at factories, mines and utilities – rose 0.4% last month after increasing 0.7% in ... Read More »

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CREA reports home sales down 8.4 per cent month-over-month in June

By The Canadian Press on July 15th, 2021

OTTAWA – The Canadian Real Estate Association says home sales last month fell on a month-over-month basis for the third straight month as the market continued to slow after hitting an all-time record in March. The association says home sales were down 8.4 per cent month-over-month in June, as sales cooled in 80 per cent ... Read More »

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US unemployment claims fall to 360,000, a new pandemic low

By Paul Wiseman, The Associated Press on July 15th, 2021

WASHINGTON (AP) – The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession. Thursday’s report from the Labor Department showed that jobless claims fell by 26,000 last week to 360,000. ... Read More »

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Brookfield Infrastructure raises hostile takeover offer for Inter Pipeline

By The Canadian Press on July 15th, 2021

CALGARY – Brookfield Infrastructure Partners LP is raising its hostile takeover offer for Inter Pipeline Ltd. The company is now offering $20 in cash or 0.25 of a Brookfield Infrastructure share for each Inter Pipeline share, with a cap on the number of shares that are available. Brookfield says assuming shareholders select the higher value ... Read More »

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Bank of Canada will act to cool inflation if prices run too hot, Macklem says

By Jordan Press, The Canadian Press on July 15th, 2021

OTTAWA – The governor of the Bank of Canada says the central bank will rein in inflation if temporary price pressures stubbornly stick around and appear more permanent. Tiff Macklem says the central bank largely expects higher prices right now are temporary and the inflation rate will fall back to the bank’s two-per-cent target as ... Read More »

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S&P/TSX composite down as energy sector falls, U.S. stock markets mixed

By The Canadian Press on July 14th, 2021

TORONTO – Weak performances from energy and financial stocks led to a triple-digit loss on Canada’s main stock index Wednesday, while U.S. stock markets were mixed. The S&P/TSX composite index closed down 123.41 points at 20,147.24. In New York, the Dow Jones industrial average was up 44.44 points at 34,933.23. The S&P 500 index was ... Read More »

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Movies and museums: Manitoba to loosen more COVID-19 restrictions on weekend

By Kelly Geraldine Malone, The Canadian Press on July 14th, 2021

WINNIPEG – Manitobans who are fully vaccinated against COVID-19 will be able to return to museums, casinos and movie theatres when the province takes the next step in its reopening. “Manitobans will be able to enjoy more freedoms,” Premier Brian Pallister said Wednesday. The next stage is to begin Saturday rather than the August long ... Read More »

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CP NewsAlert: Manitoba to loosen more COVID-19 restrictions in next step of reopening

By The Canadian Press on July 14th, 2021

WINNIPEG – Manitobans who have received two doses of a COVID-19 vaccine will be able to return to museums and movie theatres in the next step of the province’s reopening. The province has reached its COVID-19 vaccine goals ahead of schedule with nearly 78 per cent of eligible people receiving at least one dose and ... Read More »

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Three more COVID-19 cases confirmed aboard ship anchored off coast of Newfoundland

By The Canadian Press on July 14th, 2021

ST. JOHN’S, N.L. – Health officials are confirming three more COVID-19 cases aboard one of two ships anchored off the coast of Newfoundland. The Health Department says in a news release that with today’s new cases, a total of eight crew members aboard the vessel have tested positive for the disease, and one has been ... Read More »

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Alberta businesses see glimmer of hope as oil price rises and sun shines on Stampede

By Amanda Stephenson, The Canadian Press on July 14th, 2021

CALGARY – As the lights dimmed and the music started pumping at Calgary’s Home and Away sports bar last weekend, owner James Martin felt something he hadn’t in a long time – hope. The bar was maybe 60 to 70 per cent full, nothing like the pre-pandemic days when a big game or a corporate ... Read More »

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Royal Bank of Canada names Indigenous leader Roberta Jamieson to its board

By The Canadian Press on July 14th, 2021

TORONTO – Royal Bank of Canada has named Indigenous leader Roberta Jamieson to its board of directors, effective Aug. 1. Jamieson served as chief of the Six Nations of the Grand River Territory from 2001 until 2004 and is a former Ontario ombudsman and former commissioner of the Indian Commission of Ontario. She was also ... Read More »

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