Gold price remains down as annual U.S. CPI rises 7.5% in January; another 40-year high
Neils Christensen Thursday February 10, 2022 The gold market continues to see some technical selling pressure and is finding little bullish traction following hotter than expected inflation data. Thursday, the U.S. Labor Department said its U.S. Consumer Price Index rose 0.6% in January, after a 0.5 rise in December. The data beat consensus forecasts as economists were […]
Ont. reports 44 more virus-related deaths as number of COVID-19 patients in hospital dips below 2,000
Published Thursday, February 10, 2022 Provincial officials added another 44 virus-related deaths to Ontario’s COVID-19 death toll today as the number of people hospitalized with the virus dipped below 2,000 for the first time in more than a month. Officials say the 44 deaths logged today occurred in the last 24 days, including four on […]
Protesters block major Canada-U.S. border crossing in Manitoba
Highway 75 blocked in both directions by farm equipment, semi-trailer trucks and more CBC News · Posted: Feb 10, 2022 Protesters in semi-trailer trucks, farm equipment and other vehicles have blocked all highway lanes at Manitoba’s main Canada-U.S. border crossing on Thursday. Simon Resch, whose family owns and operates the duty free shop in Emerson, Man., said both northbound […]
Gasoline prices breaking records as crude oil tops US$90 a barrel
CALGARY — Gasoline prices across Canada shattered an all-time record high on Friday, as crude prices soared above US$90 per barrel and North American refineries worked full throttle to keep up with demand. The national average retail fuel price sat at 151.6 cents per litre as of 1.p.m. ET Friday, according to fuel price tracking […]
Nissan to stop making new gas engines in all markets except U.S.: report
Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the United States and focus on making electric vehicles, the Nikkei business daily reported on Monday. The automaker will continue limited development of its gasoline engines for its U.S. market, mainly for pickup trucks, according to Nikkei, which […]
Amazon Is Raising Base Salary Cap to $350,000 From $160,000
Spencer Soper Mon., February 7, 2022 Amazon.com Inc. is more than doubling the maximum base salary it pays employees to $350,000 from $160,000. “This past year has seen a particularly competitive labor market, and in doing a thorough analysis of various options, weighing the economics of our business and the need to remain competitive for […]
Peloton Soars After Reports of Takeover Interest
Jennifer Ryan and Thyagaraju Adinarayan Mon., February 7, 2022 Peloton Interactive Inc. soared 31% on Monday after reports that it’s exploring takeover options, a move that could test investors who are holding short positions. The New York-based fitness and lifestlye company is working with an adviser after an earlier plunge in Peloton’s shares made it […]
COVID-19 hospitalizations in Ontario drop to 2,155, number of ICU patients remains at 486
The number of hospitalizations related to COVID-19 in Ontario dropped again on Monday as the number of patients in the ICU with the disease remained stable. Right now, there are 2,155 patients in hospital with COVID-19 — a drop of 75 over Sunday’s total. The number of patients in the ICU is unchanged at 486. […]
C$ rebounds as investors stick to BoC rate hike bets
TORONTO (Reuters) – The Canadian dollar rallied against the greenback on Monday, recovering from a one-week low on Friday, as investors bet that weak domestic jobs data would not derail the start of the Bank of Canada’s interest rate hikes. The Canadian economy lost more jobs than expected in January as the Omicron-driven COVID-19 wave […]
Five things to watch for in the Canadian business world in the coming week
The Canadian Press – Feb 7, 2022 Five things to watch for in the Canadian business world in the coming week: Trade numbers: Statistics Canada will release its international merchandise trade and services figures for December on Tuesday. Canada posted a merchandise trade surplus of $3.1 billion in November, despite the disruptions caused by flooding and […]