House Price Index rose 26% in 2021, fastest pace on record
Average home price hit $713,500 in December, Canadian Real Estate Association says CBC News · Posted: Jan 17, 2022 9:27 AM ET The Canadian Real Estate Association’s House Price Index rose by 26.6 per cent in the 12 months up to December, the fastest annual pace of gain on record. The group, which represents more than 100,000 […]
Posthaste: Inflation tops list of worries for average Canadians and global CEOs alike
Higher cost of living causing angst, surveys show Victoria Wells Jan 14, 2022 Canadians expect higher grocery prices to be their biggest financial worry this year. PHOTO BY DAVID PAUL MORRIS/BLOOMBERG Inflation is causing sleepless nights for everyone from average Canadians to global executives, if two separate surveys are any indication. A higher cost of living […]
Today’s coronavirus news: Ontario is reporting 1,009 new COVID-19 cases, 8 deaths; Pfizer says third dose neutralizes Omicron variant
By Star staff Toronto Star Wednesday, December 8, 2021 The latest coronavirus news from Canada and around the world Wednesday. This file will be updated throughout the day. Web links to longer stories if available. 10:47 a.m. Nova Scotia today announced it will spend $57 million over the next two years as part of what the government says […]
Bank of Canada Keeps Rate Unchanged, Warns of Elevated Inflation
(Bloomberg) — The Bank of Canada kept borrowing costs unchanged in a policy decision Wednesday, but highlighted strength in the labor market and worries about the persistence of inflation that will likely keep expectations of imminent interest rate hikes intact. In a statement Wednesday, policymakers led by Governor Tiff Macklem left the benchmark overnight rate […]
Facebook plans to hire 10,000 people in the EU to build its “metaverse”
By Eva Mathews (Mon, October 18th, 2021) U.S. company Facebook on Monday unveiled its plan to hire 10,000 people in the European Union over the next five years to advance the development of what it calls the “metaverse,” a nascent online world in which people live and communicate in shared virtual spaces.© Reuters/ARND WIEGMANN FILE PHOTO: […]
Surging oil prices lift U.S. material, energy stocks; Yen wilts
By Koh Gui Qing (Mon, October 11, 2021) Oil prices surged on Monday to multi-year peaks, boosting U.S. materials and energy stocks, but fears that rising prices would exacerbate supply-chain snags caused Wall Street to give up early gains.https://bdaca05bcb204a105aa384e4eb6f8468.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html Higher vaccination rates against the coronavirus have supported a revival in economic activity, helping Brent prices to […]
Korea reopen their phone lines in the face of Seoul’s attempt to re-establish ties
By Hyonhee Shin (Mon, October 04, 2021) The two Koreas on Monday restored their hotlines that the North cut months ago, and Pyongyang urged Seoul to redouble its efforts to improve relations after criticizing alleged double standards in weapons development. North Korean leader Kim Jong Un expressed a willingness last week to revive the hotlines, […]
Worldwide Plant Based Biomanufacturing Industry to 2026 – Featuring Pfizer, Aimmune Therapeutics and Medicago Among Others – ResearchAndMarkets.com
By DUBLIN Global plant based biomanufacturing market will report an impressive CAGR in the forecast period, 2022-2026. The market growth can be attributed to the advancing healthcare capabilities to device treatment from plant based elements. Moreover, increasing number of pipeline products that are a part of plant based biologics is further drive the growth of […]
Biden mulls US rival to China’s Belt & Road in Latin America
By Jennifer Jacobs The administration of United States President Joe Biden is aiming to counter China’s Belt & Road infrastructure expansion into Latin American by sending an official there to scout for projects, sources tell Bloomberg News. The Biden administration is considering a U.S.-led competitor for China’s Belt and Road international trade and public works […]
China Declares Cryptocurrency and Mining Transactions Illegal
By Expansion China dealt a severe blow to cryptocurrencies on Friday, as the People’s Bank of China declared that all transactions with these digital assets are illegal and should be banned throughout the country, as well as mining processes. Bitcoin is currently in free fall and its value has plummeted to $42,428. The same goes […]