Company releases, economic news, and business coverage.
OTTAWA - Finance Minister Bill Morneau is to deliver his fall economic update to the House of Commons on Nov. 1.
These updates typically contain little more than fresh economic and fiscal projections, although in the past they have included budgetary measures.
BRAMPTON, Ont. - Prime Minister Justin Trudeau was on hand Thursday for the official opening of Amazon Canada's new warehouse and distribution centre in Brampton, Ont.
Trudeau says the high-tech facility will create more than 700 full-time jobs.
TORONTO - Canada's print media landscape has suffered more than its fair share of casualties this year, with buyouts and layoffs a common recurrence in the industry. On Thursday, Postmedia announced it plans to reduce its salary expenses by 20 per cent through voluntary staff buyouts, though it acknowledged layoffs are possible if its target isn't met.
Here's a look at some of the other blows sustained by the print media sector in 2016:
DETROIT - Hyundai is recalling more than 74,000 midsize cars in Canada and the U.S. due to the possibility for panoramic glass sunroofs to come loose and fly into traffic.
The recall covers certain Sonata midsize cars from the 2015 and 2016 model years, including gas-electric hybrids.
Talks about ECB's QE tapering has been rife for quite some time now, though nothing is official yet. Questions have already been raised over the effectiveness of the central banks' ultra-easy monetary policies in boosting growth. This in fact led many market watchers to write off expectations of further fat easing from central banks like the ECB.
In such a scenario, Euro zone inflation – which has been far from the target of 2% --surprised in September. Consumer prices grew 0.4% year over year in the month – the quickest pace of growth since October 2014. The reading followed a 0.2% jump in each of the prior two months and met the preliminary numbers as well as economists' estimate. Food, rent and tobacco boosted inflation.
WASHINGTON - More Americans bought homes in September, many for the first time, despite a persistent shortage of properties for sale.
The National Association of Realtors said Thursday that sales of existing homes rose 3.2 per cent from August to a seasonally adjusted annual rate of 5.47 million, the strongest pace since June. Sales rose across the country: 5.7 per cent in the Northeast, 5 per cent in the West, 3.9 per cent in the Midwest and 0.9 per cent in the South.
NEW YORK - Amazon's own video store will no longer have the starring role on the company's Fire TV streaming devices.
Software updates coming this year will give movies and TV shows from Netflix, HBO and other competitors equal prominence on the devices' home screen. The approach is similar to one Apple took when it refreshed its Apple TV device last year.
Thursday, October 20, 2016
Weekly Initial Jobless Claims, a news conference with ECB President Mario Draghi and a fresh crop of Q3 earnings results are on tap before the bell this morning. The finance-heavy early earnings season has shown some real progress in pushing out of a 5-month-long earnings recession.