Skip to content

National Business

CREA lowers home sales forecast, but nudges average price higher

CREA lowers home sales forecast, but nudges average price higher

Tight supply conditions and increasing home prices pushed the Canadian Real Estate Association to forecast the country will wrap the year with fewer home sales than it previously predicted.
CP to acquire Kansas City Southern in US$31B deal after CN drops bid

CP to acquire Kansas City Southern in US$31B deal after CN drops bid

MONTREAL — The battle between rival Canadian railways over Kansas City Southern is over. Canadian Pacific Railway Ltd. said Wednesday it has reached a deal to acquire KCS for approximately US$31 billion, after Canadian National Railway Co.
August industrial output slows to 0.4% gain after Ida hits

August industrial output slows to 0.4% gain after Ida hits

WASHINGTON (AP) — U.S. industrial production slowed to a 0.4% gain in August as shutdowns of petroleum refineries and petrochemical plants caused by Hurricane Ida curbed manufacturing activity.

Here's a list of August inflation rates for selected Canadian cities

OTTAWA — Canada's national annual inflation rate was 4.1 per cent in August, Statistics Canada says.

Here's a list August inflation rates for Canadian provinces

OTTAWA — Canada's national annual inflation rate was 4.1 per cent in August, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 4.8 per cent (4.4) — Prince Edward Island: 6.
Zimbabwe's older people often sent to homes amid pandemic

Zimbabwe's older people often sent to homes amid pandemic

HARARE, Zimbabwe (AP) — Banana bread was served at a recent birthday party at Melfort Old People’s home, where a group of residents mustered a raspy happy birthday tune.
Thanks, Tom Brady! Ageless quarterback helps NBC in ratings

Thanks, Tom Brady! Ageless quarterback helps NBC in ratings

NEW YORK (AP) — The ageless Tom Brady is due a thank you note from NBC. The Tampa Bay Bucs quarterback helped the network to a smashing audience of 24.8 million viewers for the NFL kickoff game, where he took on and defeated the Dallas Cowboys.
Judge declares mistrial at trial of Backpage.com founders

Judge declares mistrial at trial of Backpage.com founders

PHOENIX (AP) — A judge declared a mistrial Tuesday at the trial of the founders of the lucrative classified site Backpage.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,553.25, down 113.16 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 47 cents, or 1.95 per cent, to $23.58 on 15.4 million shares.
DavidsTea founder retires, replaced by wife who was former CEO of Le Château

DavidsTea founder retires, replaced by wife who was former CEO of Le Château

MONTREAL — DavidsTea Inc. is keeping the company's leadership within the family as its co-founder retires from the company's board of directors and is replaced by his wife, the former CEO of insolvent clothing retailer Le Château.