‘Perfect storm’: Canadian charities feeling inflation pinch ahead of holiday season
globalnews.ca/news/9320818/canada-charities-inflation-impact/
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| Last Updated | Dec 03 22 |
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Canada Inflation Ticks Up to 2.9% on Higher Gas Prices: Canadian consumer prices reaccelerated slightly as expected due to higher gasoline prices ...
bloomberg.com/news/articles/2024-04-16/canada-inflation-ticks-up-to-2-9-on-higher-gas-prices
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Quick Glance: Canadian Inflation Rises Due to Increase in Gasoline Prices
- Canadian consumer prices saw a slight increase, primarily due to higher gasoline prices. Core metrics indicated further progress in disinflation, prompting the central bank to prepare for a shift to looser monetary policy as early as June or July.
- In March, the consumer price index rose by 2.9% compared to the previous year, up from the 2.8% reported a month earlier. Excluding gasoline, the index slowed to 2.8% from the previous year, in contrast to February's 2.9%.
- However, indications of underlying price pressures decreased. The averages of the Bank of Canada's two core measures decreased to an annual rate of 2.95%, weaker than anticipated. Following the release, yields on two-year Canadian government bonds dropped by approximately 10 basis points to 4.18%.
- The March inflation data suggest that the decline in core metrics this year is not temporary. Bank of Canada officials are now waiting to be convinced that the path to the 2% target can be sustained before making adjustments to monetary policy.
Honda to set up $11 bln electric vehicle, battery plants in Canada: Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production ...
reuters.com/business/autos-transportation/honda-set-up-11-bln-ev-production-base-canada-2024-04-25/
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
- Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.
- Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.
- The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.
- Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
Paid articlePaidQuick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
Honda’s $11 Billion Electric-Vehicle Expansion Includes Government Aid in Canada: Honda Motor Co. will spend C$15 billion ($11 billion) to build electric ...
bloomberg.com/news/articles/2024-04-25/honda-s-11-billion-electric-vehicle-expansion-includes-government-aid-in-canada
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds
pbs.org/newshour/economy/about-1-in-4-us-adults-over-50-say-they-expect-to-never-retire-an-aarp-study-finds
Cuba apologizes to Canada for delivering wrong body to grieving family: Cuba apologized to Canada on Wednesday after authorities accidentally delivered the ...
reuters.com/world/americas/cuba-apologizes-canada-delivering-wrong-body-grieving-family-2024-04-24/
Honda to build electric vehicles and batteries in Ontario, says source: Honda will build electric vehicles and their parts in Ontario with financial support from ...
reut.rs/3UrdpUj
Quick Glance: Honda's Major Investment in Electric Vehicle Factory in Ontario
- According to sources from federal and provincial government levels, Honda is planning to establish a significant new electric vehicle facility in Ontario.
- The forthcoming announcement of the agreement is expected to take place at Honda's facility in Alliston, where plans for a comprehensive project to manufacture electric vehicles, batteries, and components will be revealed.
- Honda's investment in Alliston is projected to surpass the existing major projects in the electric vehicle production sector in Ontario.
- The disclosure of the agreement with Honda is seen as a significant step in the government's efforts to attract companies for establishment in Canada within the emerging electric vehicle industry.
First Quantum Minerals cuts debt by over $1 bln in first quarter: Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1 ...
reuters.com/markets/commodities/first-quantum-minerals-cuts-debt-by-over-1-bln-first-quarter-2024-04-23/
Quick Glance: First Quantum Minerals Reduces Debt by Over $1 Bln in First Quarter
- Canadian mining company First Quantum Minerals announced a $1.14 billion debt reduction in the first quarter.
- With a series of capital restructuring measures, the company aims to strengthen its balance sheet and cut debt to achieve operational goals.
- The company's total debt as of March 31 is $5.99 billion, down from the previous $7.38 billion.
- Despite a $159 million net loss due to the closure of the Cobre Panama mine, the company posted a $75 million profit in the year-ago quarter.
Body of Canadian father missing after he dies in Cuba: His family is demanding answers from Canadian officials after they were sent back the wrong body.
bbc.com/news/world-us-canada-68885840
RBA to ‘increase interest rates three times’: A top forecaster issued a dire interest rate warning, predicting that the Reserve Bank will be forced to hike three ...
news.com.au/finance/economy/interest-rates/leading-forecaster-warren-hogan-predicts-rba-will-hike-cash-rate-to-51-per-cent-this-year/news-story/f6f2f084778953ccaa0538383f67449f
Canada’s Retail Sales Flatlined in the First Quarter: Canadian consumers haven’t tightened their belts this much in nearly a year, and there are no signs of ...
bloomberg.com/news/articles/2024-04-24/canada-s-retail-sales-flatlined-in-the-first-quarter
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Big pension increase in summer - but is that it?: Pensions rose more sharply in July than previously thought. However, the increases could shrink considerably in ...
hna.de/wirtschaft/grosse-rentenerhoehung-im-sommer-zukunft-rente-inflation-inflationspraemie-rentner-kaufkraft-zr-93032410.html
Dashcam video shows dramatic rescue from burning car: Drivers in Minnesota stopped in the middle of a highway to help pull a man out from a vehicle on fire.
bbc.com/news/av/world-us-canada-68860065
Investors brace for 5% Treasury yields as US inflation worries mount: As U.S. inflation worries grow, some investors are preparing for the 10-year U.S ...
reuters.com/markets/us/investors-brace-5-treasury-yields-us-inflation-worries-mount-2024-04-26/
How we met: ‘She accosted me and told me she’d looked me up on Facebook’: Beccy, 49, and Natalie, 60, became best friends after she visited Natalie’s rescue farm ...
theguardian.com/global/2024/apr/25/how-we-met-she-accosted-me-and-told-me-shed-looked-me-up-on-facebook
Even after a Canadian court case against an alleged mafia group collapsed, public records revealed much about how a faction of the ’Ndrangheta mafia in Toronto ... Show more @jaredferrie
Lakefield, Ont., couple celebrates $70M Lotto Max win after keeping it secret for 2 months | Globalnews.ca
trib.al/7Qr4fic
Eurozone economy grows surprisingly strongly: The Purchasing Managers' Index rose by 1.1 points to 51.4, the highest level in eleven months ...
diepresse.com/18396920/wirtschaft-der-eurozone-waechst-ueberraschend-stark
Japan is poised to fill an EV gap left by China: A new Honda facility in Canada shows that Asia’s auto industry is ready to meet North American needs.
japantimes.co.jp/commentary/2024/04/24/japan/japan-china-ev-gap/
Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.
newsroom.co.nz/2024/04/23/west-is-best-how-we-stack-up-against-australia/
Venice introduces first payment charge for tourists: The Italian city became the first in the world on April 25 to introduce a payment system for tourists in an ...
theglobeandmail.com/world/video-venice-introduces-first-payment-charge-for-tourists/
Canada's planned capital gains tax hike may choke mining startups, dealmakers say
reuters.com/markets/commodities/canadas-planned-capital-gains-tax-hike-may-choke-mining-startups-dealmakers-say-2024-04-22/
Quick Glance: Canada's Proposed Capital Gains Tax Hike May Impact Mining Start-ups
- Canada's Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland hold the 2024-25 budget, surrounded by members of Parliament on the hill of Ottawa. Canada's planned capital gains tax hike could deter investments in mineral exploration, according to the country's leading stock exchange operators and dealers.
- Prime Minister Justin Trudeau's government proposes increasing the share of capital gains subject to taxation to two-thirds for individuals with annual investment profits of over C$250,000 ($181,752), companies, and trusts to raise revenue for public programs. The measure will be effective on June 25 and could undergo amendments.
- Mining, oil, and gas exploration companies on the TSX Venture Exchange have raised funds by issuing flow-through shares, which account for 65% of all funds raised by exploration mining companies on Canadian exchanges. Canada's exploration companies have only raised C$240 million in March, down by 79% from a year ago.
- Industry lobby groups hope the government will provide an exemption for flow-through share investors, as failure to do so could jeopardize over 70% of all resource explorations in Canada. The proposed measure is feared to potentially signal the end of many mineral explorations in Canada.
Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...
markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4
Train cars catch fire while moving through Ontario: Local officials reported no injuries after five train cars were spotted ablaze heading towards a downtown ...
bbc.com/news/av/world-us-canada-68878299
Shortages key to copper's upward price trajectory to new peaks: Upward momentum that has propelled copper prices to within a whisker of the psychological $10 ...
reuters.com/markets/commodities/shortages-key-coppers-upward-price-trajectory-new-peaks-2024-04-23/
Bunge-Viterra agriculture merger runs into Canada competition concerns: Canada's Competition Bureau on Tuesday said it found major competition concerns around U ...
reuters.com/markets/deals/canadian-competition-bureau-has-major-concerns-about-proposed-bunge-viterra-2024-04-23/
Canada's Rogers profit takes hit from higher costs related to Shaw acquisition: Rogers Communications posted a drop in first-quarter profit on Wednesday ...
reuters.com/business/media-telecom/canadas-rogers-communications-tops-quarterly-subscriber-additions-estimate-2024-04-24/
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
smh.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
Politics Briefing: Federal, Ontario governments commit up to $5-billion to Honda EV plant
theglobeandmail.com/politics/article-politics-briefing-federal-ontario-governments-commit-up-to-5-billion/
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Ontario is about to change when your boss can ask you for a sick note: Ontario is planning to relax rules on sick notes and is testing artificial intelligence ...
thestar.com/politics/provincial/ontario-is-about-to-change-when-your-boss-can-ask-you-for-a-sick-note/article_591ca7c2-025a-11ef-882c-cbb4058f9a21.html
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SF sales down 28% from 2019. What sectors and areas were hit hardest?: This map and table breaks down trend in S.F. sales tax revenue for the past five years
sfchronicle.com/bayarea/article/sf-sales-tax-neighborhood-19394489.php
Punjabi Canadian resident’s video sparks laughter and sympathy: From grappling with the intricacies of Canadian winters to navigating cultural differences ...
indianexpress.com/article/trending/trending-globally/punjabi-canadian-residents-video-sparks-laughter-sympathy-9290450/
Two-thirds of Canadians consider themselves fans of women's sport - study: Two thirds of Canadians consider themselves to be fans of women's sport ...
reuters.com/sports/two-thirds-canadians-consider-themselves-fans-womens-sport-study-2024-04-22/
Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
taiwannews.com.tw/en/news/5673279
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship: Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of ...
bloomberg.com/news/articles/2024-04-25/chanel-ceo-says-price-hikes-driven-by-inflation-craftsmanship
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Canada's auto sector faces an EV renaissance, but local job protection is a concern
ctvnews.ca/politics/canada-s-auto-sector-faces-an-ev-renaissance-but-local-job-protection-is-a-concern-1.6861909
Canada's TC Energy says NGTL pipeline system resumes normal operations after fire
reuters.com/business/energy/canadas-tc-energy-says-ngtl-pipeline-system-resumes-normal-operations-after-fire-2024-04-22/
Airbus granted reprieve from Canadian sanctions on Russian titanium, sources say: Source says it came to Ottawa’s attention there were unforeseen effects of the ...
theglobeandmail.com/politics/article-airbus-granted-reprieve-from-canadian-sanctions-on-russian-titanium/
Paid articlePaid Why measles vaccination needs to be a top priority: Measles cases in Ontario are on the rise, and we all need to do our part to stop the spread
theglobeandmail.com/opinion/article-why-measles-vaccination-needs-to-be-a-top-priority/
Train goes up in flames while rolling through London, Ont. Here’s what we know | Globalnews.ca
trib.al/A8L8EFN
Ukrainian politician calls for more military aid from Canada: Chair of Ukraine’s commission on arms control says Ukraine is hoping to receive shells, missiles ...
theglobeandmail.com/world/article-ukrainian-politician-calls-for-more-military-aid-from-canada/
Paid articlePaid BOJ keeps ultra-low rates, projects inflation near 2% for years: The Bank of Japan kept interest rates around zero on Friday and issued fresh estimates ...
reuters.com/markets/rates-bonds/bank-japan-may-signal-near-term-rate-hike-with-new-price-forecasts-2024-04-25/
Montreal tenant forced to pay his landlord’s taxes offers advice to other renters
theglobeandmail.com/real-estate/article-montreal-tenant-forced-to-pay-his-landlords-taxes-offers-advice-to/
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Could interest rate hikes be keeping inflation high?: The stickiness of the post-pandemic inflation is raising questions about how effective high interest rates ...
thehill.com/business/4612114-could-interest-rate-hikes-be-keeping-inflation-high/
Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year: J Sainsbury Plc expects a big jump in profit this year as the UK supermarket chain pulls in ...
bloomberg.com/news/articles/2024-04-25/sainsbury-s-expects-retail-profit-to-exceed-1-billion-this-year
Ontario to increase speed limits on several parts of Highway 401, and other major highways
thestar.com/politics/provincial/ontario-to-increase-speed-limits-on-several-parts-of-highway-401-and-other-major-highways/article_7fcf8518-0243-11ef-bb89-53714d450e92.html
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Dan Boeckner on his solo debut album, 'Boeckner!': Canadian musician Dan Boeckner, also known for his work with Wolf Parade, Handsome Furs and Divine Fits ...
npr.org/sections/world-cafe/2024/04/25/1246817587/dan-boeckner-on-his-solo-debut-album
Is Tim Hortons behind the next great Canadian musical? The coffee chain is stepping into showbiz with a timbit-inspired production with Broadway stars
thestar.com/entertainment/stage/is-tim-hortons-behind-the-next-great-canadian-musical-the-coffee-chain-is-stepping-into/article_11fd6e20-030f-11ef-aa37-fb3d85d47212.html
Paid articlePaid Canada’s oddly specific EV credits for Honda amounts to poor industrial policy : The federal government and Ontario’s a multibillion-dollar deal with Honda would ...
theglobeandmail.com/business/commentary/article-canada-honda-electric-vehicle-chain/
Paid articlePaid Indigenous delegates say they are being left out of key talks on global plastic pollution treaty
theglobeandmail.com/politics/article-indigenous-delegates-say-they-are-being-left-out-of-key-talks-on/
Paid articlePaid MPP Sarah Jama refuses order to leave Ontario legislature for wearing a kaffiyeh: Speaker Ted Arnott gave the order for Jama to leave during question period.
thestar.com/politics/provincial/mpp-sarah-jama-refuses-order-to-leave-ontario-legislature-for-wearing-a-kaffiyeh/article_31dfbc5c-0328-11ef-bdcd-eb710589ebf0.html
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U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.
axios.com/2024/04/25/us-economy-gdp-report-q1-2024
How Risky Is Japan’s Monetary-Policy Normalization? | by Takatoshi Ito - Project Syndicate
project-syndicate.org/commentary/bank-of-japan-monetary-policy-normalization-risks-by-takatoshi-ito-2024-04
Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...
foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7
Conservatives, NDP demand Ottawa protect Canadians' jobs at new EV plants: Canadian workers are being sidelined in favour of foreign workers at the NextStar ...
montrealgazette.com/news/national/conservatives-ndp-demand-ottawa-protect-canadians-jobs-at-new-ev-plants
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
theage.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
BOJ to project inflation will stay around target, signal chance for rate hike: The Bank of Japan is expected to project inflation will stay around its 2% target ...
reuters.com/markets/asia/boj-project-inflation-will-stay-around-target-signal-chance-rate-hike-2024-04-22/
Singapore core inflation eases more than expected to 3.1% in March: Both core and overall inflation dipped from the previous month and came in well below analyst ...
straitstimes.com/business/singapore-core-inflation-eases-more-than-expected-to-31-in-march
Australian reporter who covered Nijjar slaying faced visa issues with Indian government
theglobeandmail.com/politics/article-australian-reporter-who-covered-nijjar-slaying-faced-visa-issues-with/
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New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
Hundreds of young supporters of Donald Trump lined up for his recent Green Bay, Wisconsin, campaign rally. The most common reason many are backing the former ...
reut.rs/49HtDgh
These two fixes for the housing crisis have a bigger impact than Ottawa’s policies
theglobeandmail.com/business/commentary/article-these-two-fixes-for-the-housing-crisis-have-a-bigger-impact-than/
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Unified, organized Jets have potential to end Canadian Cup drought: It’s not a stretch to think this Winnipeg Jets team can finally bring the Cup back over the ...
sportsnet.ca/nhl/unified-organized-jets-have-potential-to-end-canadian-cup-drought/
Why the rise in shoplifting? Blame our addiction to online shopping: Shoplifting has surged to an alarming level across Canada, industry insiders say
theglobeandmail.com/business/commentary/article-why-the-rise-in-shoplifting-blame-our-addiction-to-online-shopping/
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Fast-food businesses hiking prices because of higher minimum wage sound like Gordon Gekko
usatoday.com/story/opinion/voices/2024/04/24/california-minimum-wage-restaurants-fast-food-raise-prices/73332922007/
Poll: Election interest hits new low in tight Biden-Trump race: Amid a tight Joe Biden-Donald Trump race, the share of voters with high interest in the election ...
nbcnews.com/politics/2024-election/poll-biden-trump-tight-race-election-interest-low-rcna148170
Quick Glance: Poll: Election Interest Declines in Tight Biden-Trump Race
- The interest of voters in the election has reached the lowest point in two decades at this stage in a presidential race.
- The latest national NBC News poll reveals that the number of voters with high interest in the 2024 presidential election has nearly hit the lowest point in almost 20 years, with a majority holding negative views of President Joe Biden and former President Donald Trump.
- Inflation and immigration top the list of the country's most pressing issues, with only one-third of voters giving Biden credit for improving economic performance.
- The survey also highlights how the low voter interest and the independent candidacy of Robert F. Kennedy Jr. could potentially disrupt what has been a stable presidential contest with over six months until Election Day.
Canadian Man Dies On Cuban Vacation, But Family Receives Wrong Body: The Jarjour family in Quebec is wondering why the remains of another man were shipped from ...
huffpost.com/entry/bc-cn-canada-cuba-wrong-body_n_6626eef6e4b04378c08b3026
Argentina's Milei revs up chainsaw and blender in fiscal deficit attack: Argentina's libertarian President Javier Milei is revving up his attack on the country's ...
reuters.com/markets/argentinas-milei-revs-up-chainsaw-blender-fiscal-deficit-attack-2024-04-23/
Wall St gains after Friday sell-off, Mideast tensions subside: Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as ...
reuters.com/markets/us/futures-recover-after-friday-sell-off-mideast-tensions-ease-2024-04-22/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Cindy Lee and me: How a mysterious 32-song album by a gender-bending Canadian artist took the music world by storm
thestar.com/entertainment/music/cindy-lee-and-me-how-a-mysterious-32-song-album-by-a-gender-bending-canadian/article_1ff038f2-00ab-11ef-a505-2395250520f6.html
Paid articlePaid Bombardier, Airbus get exemptions from Canadian sanctions on Russian titanium | Globalnews.ca
trib.al/AcFwvwz
Stock market sell-off has 'further to go,' JPMorgan warns: JPMorgan analysts warned in a note to clients this week that the U.S. stock market sell-off has ...
foxbusiness.com/markets/stock-market-selloff-has-further-go-jpmorgan-warns
Ontario takes action against chemical plant after Aamjiwnaang First Nation residents fell ill | Globalnews.ca
trib.al/LhYdCMk
US bond bulls lean into latest selloff despite inflation scare: A sharp selloff in U.S. bonds so far in April is prompting some investors to consider allocating ...
reuters.com/markets/us/us-bond-bulls-lean-into-latest-selloff-despite-inflation-scare-2024-04-22/
'Burner charities': How Canadian dollars are flowing to Israel for decades
trtworld.com/magazine/burner-charities-how-canadian-dollars-are-flowing-to-israel-for-decades-17876072
Brent hovers above $86 as traders unfazed by MidEast conflict: Global benchmark Brent slipped on Monday though it remained above $86 a barrel as traders turned ...
reuters.com/markets/commodities/oil-prices-retreat-us-crude-build-rate-cut-concerns-come-fore-2024-04-22/
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