Food bank usage in Canada ‘dismaying’
In March, a total of 841,191 Canadians used food banks, according to a report published Food Banks Canada, which described the number as “dismaying”,...
Overtime and holiday pay should be linked, says UK tribunal
The UK’s Employment Appeal Tribunal ruled in favor of workers regarding the inclusion of overtime in holiday pay, the Unite union announced on Tuesday....
Australian interest rates stay at record lows
The Reserve Bank of Australia announced on Tuesday that it had decided to keep interest rates low for the 14th successive month. The central...
Greene King and Spirit agree on £774m acquisition deal
British brewery Greene King plc and pub & restaurant business Spirit Pub Company plc announced on Monday that they have agreed on a £773.6...
Bank of Canada concerned about downside inflation risk
The Bank of Canada is concerned about low inflation, however, it believes the risks are balanced. A Canadian interest-rate hike doesn’t appear to be...
Calgary housing market booming, home sales up 10%
The housing market in Calgary is booming, with home sales in the Canadian oil city surging by over 10 percent year-over-year.
Calgary’s benchmark price has...
Canadian stocks fall, Toronto S&P/TSX index down 0.52 percent
The Toronto Stock Exchange's S&P/TSX composite index ended the day down 75.70 points (0.52 percent), at 14,537.62. Five of the index's 10 main sectors...
Bank of Canada governor Poloz defends low Canadian interest rates
Stephen Poloz, Bank of Canada governor, has defended keeping interest rates low for such a long time after the financial crisis, highlighting how it...
Canadian S&P/TSX composite index down 6.6 points to 14,606.72
The Toronto stock market did not experience much volatility on Monday, with the S&P/TSX composite index down 6.6 points to 14,606.72.
Declines were fueled by...
US manufacturing growth slows in October
The Markit US Manufacturing Purchasing Managers’ Index (PMI) came in at 55.9 in October, down from September’s 57.5. This does not mean there was...