Business Buzz

Metals, financials boost index
The Canadian Press - Sep 15, 2023 - Business Buzz

TORONTO — Strength in battery metals and financial stocks helped Canada’s main stock index eke out a small gain Friday, while U.S. markets fell, led by losses in tech. Markets in the U.S. largely gave back the gains they made Thursday after the successful market debut of semiconductor firm Arm Holdings Inc. helped boost stocks. […]

Employers must use caution
The Canadian Press - Sep 15, 2023 - Business Buzz

TORONTO — NHL coach Mike Babcock thought he was just trying to get to know his players better, but experts say he may have crossed a line that’s sometimes hard to see. After joining the Columbus Blue Jackets, Babcock was called out this week for allegedly asking some players to show family photos off their […]

Tallest residence on Westside?
Wayne Moore - Sep 15, 2023 - Business Buzz

West Kelowna could finally have a residential building taller than six storeys. The city’s advisory planning committee is being asked to review and make comment on a zoning application for an eight-storey, mixed-use development proposed for the corner of Dobbin and Hoskins roads in the downtown core. The proposal before the APC is for a […]

Banner day for markets
The Canadian Press - Sep 14, 2023 - Business Buzz

TORONTO — Canada’s main stock index gained almost 300 points on a broad-based rally led by base metal stocks as the price of oil reached US$90 per barrel, while U.S. stock markets also rose. A strong initial public offering by a semiconductor company helped lift investors’ spirits Thursday and offset several economic reports that came […]

GST cut on new rental builds
The Canadian Press - Sep 14, 2023 - Business Buzz

LONDON, Ont. — Prime Minister Justin Trudeau says the federal government will remove GST on construction of new rental apartment buildings—a promise the Liberals first made in the election that brought them to power nearly eight years ago. He also says he will be encouraging provinces to do the same. The measure, which would lower […]

Index jumps amid US inflation
The Canadian Press - Sep 13, 2023 - Business Buzz

TORONTO — Canada’s main stock index posted a small gain Wednesday, while U.S. stock markets were mixed after the latest report on inflation south of the border showed an acceleration in August. U.S. inflation last month was 3.7% year over year, up from 3.2% in July. All eyes were on the report as it’s the […]

Household debt level falls
The Canadian Press - Sep 13, 2023 - Business Buzz

OTTAWA — Statistics Canada says the amount Canadians owe relative to how much they earn fell in the second quarter as disposable income comfortably outpaced the growth in debt and demand for mortgages fell. The agency says household credit market debt as a proportion of household disposable income, on a seasonally adjusted basis, fell to […]

Apple innovations don’t impress
The Canadian Press - Sep 12, 2023 - Business Buzz

CUPERTINO, Calif. — Apple on Tuesday unveiled its next generation of iPhones, a lineup that will boast better cameras, faster processors, a new charging system and a price hike for the fanciest model. The showcase at Apple’s headquarters in Cupertino, Calif., comes as the company tries to reverse a mild slump that has had its […]

Index snaps losing streak
The Canadian Press - Sep 11, 2023 - Business Buzz

TORONTO — Broad-based strength led by base metal, financial and tech stocks gave Canada’s main stock index a boost Monday despite weakness in energy, while U.S. stock markets also rose to start the trading week, led by technology names. It was a reprieve from the choppiness of the previous week, where the S&P/TSX composite index […]

Index’s rough week over
The Canadian Press - Sep 08, 2023 - Business Buzz

TORONTO — Canada’s main stock index posted a small loss Friday, with broad-based weakness led by metals and tech, while U.S. markets eked out slim gains amid ongoing concern about interest rates. The S&P/TSX composite index closed down 57.43 points at 20,074.65. It fell every trading this week, losing nearly 500 points over the last […]