Economy

Economy Kamloops vacancy rates remain stable for renters
Author: 0 Kamloops vacancy rates remain stable for renters

The report pinpoints the reason for the rising vacancy rate on people leaving Yellowknife, even as the territory welcomes more immigrants. "On the whole, however, Metro Vancouver as a region saw a net increase of nearly 800 purpose-built rental units over the past year", he stated.

Economy Canada signs onto new NAFTA on sidelines of high-stakes G20 summit
Author: 0 Canada signs onto new NAFTA on sidelines of high-stakes G20 summit

A particular sore point for the Canadian prime minister are the United States tariffs on steel and aluminium imposed earlier this year and he said these should be removed. The deal 'changes the trade landscape forever, ' Trump said. "Uncertainty that would only have got worse if we had not reached a new NAFTA". "We need a new approach to trade and it should begin with a simple principle: Our policies should not prioritize corporate profits over American paychecks", Warren said.

Economy Markets rebound as Fed cools on early rate rises
Author: 0 Markets rebound as Fed cools on early rate rises

The trigger was a speech by Federal Reserve chairman Jerome Powell, who said the United States' benchmark interest rate is now "just below" neutral. Trump has repeatedly attacked Powell for continuing to raise the benchmark lending rate, which Trump says undermines the work he is doing to juice the USA economy.

Economy Trump may suspend additional China tariffs under proposed deal
Author: 0 Trump may suspend additional China tariffs under proposed deal

The two presidents plan to discuss the situations in Syria, Libya and Ukraine as well as U.S. plans to leave the Intermediate-Range Nuclear Forces Treaty, according to Kremlin aide Yury Ushakov. "I'm not happy with the Fed", Trump told the Washington Post earlier this week. "I will tell you that I think China wants to make a deal". "And, believe me, I'll be putting them on because China has been ripping off our country for many, many years".

Economy Oil prices reverse course as Russian Federation leans toward output cut
Author: 0 Oil prices reverse course as Russian Federation leans toward output cut

While Russia showed a willingness to join Saudi Arabia in curbing output, the outcome of an OPEC meeting in Vienna next week is still unclear as the group is under pressure from President Donald Trump to lower prices. London time and volume was more than double the 100-day average. Now, Riyadh has suggested OPEC and its allies reduce output by 1 million bpd from January 2019 to arrest a price decline as Brent crude fell below $59 a barrel this week from as high as $85 in October due to ...

Economy Trump touts new US BMW factory. But that's not happening
Author: 0 Trump touts new US BMW factory. But that's not happening

The United States imposed a 25 percent tariff on imported light trucks in the 1960s after France and West Germany imposed tariffs on USA chicken, so it was also called the "chicken tax," and was referred to by Trump in his tweet . Trump's incendiary tweet came a short time after National Economic Council director Larry Kudlow said the White House's reaction was "a tremendous amount of disappointment maybe even spilling over into anger".

Economy Alastair Campbell Tells Corbyn:
Author: 0 Alastair Campbell Tells Corbyn: "You Can’t End Austerity And Have Brexit"

After May suggested the debate would now run on BBC over ITV, Phil demanded some answers so we can plan our Sunday night in. This would be the first time May has been willing to go up against the Labour leader in a live television debate after she refused to take part in any in the run-up to last year's general election.

Economy Trump's G-20 tariff talk: Why everyone is listening
Author: 0 Trump's G-20 tariff talk: Why everyone is listening

The statement comes before a dinner meeting Saturday in Buenos Aires , Argentina , between President Donald Trump and his Chinese counterpart, Xi Jinping . "But I think doing it in a multilateral way would have been a better approach", she said. But the gathering of leaders from the world's top industrialized and emerging nations will be eclipsed by discussions and controversy on the sidelines.

Economy Former Facebook employee says the company has a ‘black people problem’
Author: 0 Former Facebook employee says the company has a ‘black people problem’

An afternoon recap of the day's most important business news, delivered weekdays. Their content is removed without notice . " Accounts are suspended indefinitely ", he wrote. "We want to fully support all employees when there are issues reported and when there may be micro-behaviours that add up". He declined to name the city he lived in on the Peninsula, but said that he was randomly stopped by the police twice - once while waiting for a food delivery outside his apartment complex and ...

Economy Microsoft tops Apple as world's most valuable company
Author: 0 Microsoft tops Apple as world's most valuable company

Apple Inc.is no longer the most valuable USA company after Microsoft Corporation surpassed it in terms of market capitalization. Apple was even lauded for being the first USA company to have a $ 1 trillion valuation just this past August.

Economy Nasdaq partner with VanEck to launch crypto products including Bitcoin futures
Author: 0 Nasdaq partner with VanEck to launch crypto products including Bitcoin futures

Intercontinental Exchange Inc, the parent company of the New York Stock Exchange (NYSE) last week said that it would launch its own contracts on January 24, Bloomberg notes. Forget the plunging prices , Wall Street is still thirsty for bitcoin and cryptocurrencies. More than that, the physical backed BTC exchange-traded fund that's been proposed by VanEck with SolidX is also expected to reach a final decision by the SEC by February 27, 2019 .

Economy Workers return to GM's Canada plant; union to meet Trudeau
Author: 0 Workers return to GM's Canada plant; union to meet Trudeau

Warren Transmission is set to close in August 2019 while Detroit-Hamtramck will start layoffs in March. The company said the moves are part of an effort to cut 15 percent of its workforce. "I love OH. I told them, 'you're playing around with the wrong person'". GM, Ford Motor Co. and other manufacturers have warned the US tariffs on metals and foreign autos will drive up prices and lead to layoffs.

Economy Crypto nosedive continues. When will it end?-P.BCHAIN-P
Author: 0 Crypto nosedive continues. When will it end?-P.BCHAIN-P

EOS /USD: Nothing different, the EOS, also suffered as investors wait to find direction in the digital currency market amid a slew of sell-offs that shook the digital currency space since the past few days. As a result, Paragon Coin Inc. and Airfox will both have to pay $250000 as penalties to compensate its investors. "Digital currencies and assets are the future of transactions and value storage, and Bitcoin is leading this revolution".

Economy Crude oil prices flat, analysts split on market direction
Author: 0 Crude oil prices flat, analysts split on market direction

Oil markets were trading cautiously on Tuesday, with mixed signals coming from top exporter Saudi Arabia ahead of an Opec meeting in Austria next week. stocks. This Saudi announcement helped prices ease from peaks in early October. OPEC has recently agreed to reduce the output in order to boost the oil prices.

Economy Trump attacks Fed chief, 'not even a little bit happy' with Powell
Author: 0 Trump attacks Fed chief, 'not even a little bit happy' with Powell

Trump adds that he is "not even a little bit happy" with Fed Chairman Jay Powell, whom he selected a year ago. "I'm doing deals, and I'm not being accommodated by the Fed", he said in an interview with the Washington Post . Analysts think a rate hike next month is all but certain, possibly in part because they think the Fed doesn't want to appear to be bowing to pressure from Trump.

Economy Stock Survey: Following the Target Price for Morgan Stanley (NYSE:MS)
Author: 0 Stock Survey: Following the Target Price for Morgan Stanley (NYSE:MS)

Cornerstone Advisors Inc. now owns 4,894 shares of the financial services provider's stock worth $232,000 after acquiring an additional 1,224 shares during the last quarter. Morgan Stanley has a twelve month low of $42.54 and a twelve month high of $59.38. For MS, the company has in raw cash 69.09 billion on their books with 0 now as liabilities.

Economy Montreal postal workers back to work after last-minute strike
Author: 0 Montreal postal workers back to work after last-minute strike

Corporate Retail outlets on Almon Street and Bedford Row in Halifax, along with Queen Street and Akerley Blvd in Dartmouth are still open "as to limit the inconvenience to the public". MUNSU says in solidarity with CUPW members in St. John's, they have closed The Attic when the rotating strikes rolled through St. John's. "We're confident that this was the appropriate time to move forward with this legislation", Hajdu said.

Economy China's Xi to send special envoy to Mexican presidential inauguration
Author: 0 China's Xi to send special envoy to Mexican presidential inauguration

After initially saying he had left the consulate alive, Saudi Arabia admitted weeks later that he was killed there. White House spokeswoman Sarah Sanders said, however, that any interaction between the two leaders could not be ruled out. According to The Wall Street Journal , if negotiations dont produce a favorable outcome for the U.S., additional goods for $200 billion, will be slapped with up to 25% tariffs, including consumer electronics by Apple and other products manufactured in China.

Economy More pub jobs despite dismal closures
Author: 0 More pub jobs despite dismal closures

More than 11,000 pubs have closed, leaving around 39,000 across the United Kingdom, the ONS said. More than 10,000 pubs have shut down over the past 10 years, with small local pubs the worst affected as they bear the brunt of rising beer duty and business rates.

Economy Trump ramps up GM threats
Author: 0 Trump ramps up GM threats

The company said Monday it plans to cut about 8,000 of its 54,000 salaried workers in North America. "Holden's local engineering and design capability was further strengthened earlier this year with investments at the Lang Lang proving ground and in Advanced Vehicle Development".

Economy Trump plans to go ahead and raise China tariffs
Author: 0 Trump plans to go ahead and raise China tariffs

Mr Trump also said he would hit the rest of Chinese imports to the USA with tariffs if talks did not go well. In an interview with the Wall Street Journal published Monday, Mr Trump said he thought it "highly unlikely" the U.S. Investors would be looking for clues on the path of future interest rate hikes with Federal Reserve Vice Chairman Richard Clarida addressing an event in NY on Tuesday and Fed Chairman Jerome Powell set to speak on Wednesday.

Economy Microsoft's Stock Market Cap Briefly Surpasses Apple's
Author: 0 Microsoft's Stock Market Cap Briefly Surpasses Apple's

The slump took the company's market cap briefly below that of Microsoft Corp.'s on Monday, the first time in more than eight years that Microsoft was worth more by this metric. Microsoft and Apple were bitter rivals for decades. Global demand for smartphones has slowed in recent years, making it more hard for Apple to increase its revenue.

Economy Malfunctioning ATM spits out $100 bills instead of $10 bills
Author: 0 Malfunctioning ATM spits out $100 bills instead of $10 bills

Long lines formed after word got around that the ATM was dispensing free money, the station reported . Some of the people began arguing and fighting. It's unclear how many people got rich quick - or if those who took the cash committed any crime. Law enforcement said that if the bank called on the money to be returned, criminal charges could have been filed.

Economy Carlos Ghosn faces Mitsubishi sack as more allegations surface
Author: 0 Carlos Ghosn faces Mitsubishi sack as more allegations surface

A further investigation indicted Ghosn may have committed "numerous other significant acts of misconduct have been uncovered, such as personal use of company assets". Its current chief executive Osamu Masuko will take on the additional role of acting chairman pending a shareholder meeting. The Asahi newspaper also reported, without citing sources, that Ghosn had understated his remuneration at Nissan by around 8 billion yen in the eight years through the fiscal year that ended in ...

Economy That Logitech and Plantronics deal is now dead
Author: 0 That Logitech and Plantronics deal is now dead

Logitech has been buying smaller companies in order to expand its portfolio. It would also come at a time when both Plantronics and Logitech are looking to reduce manufacturing costs now that we have new tariffs on Chinese imports. The company is headquartered in Lausanne , Switzerland, with offices in Newark, California. A year earlier it bought headset maker Astro Gaming for $85 million in cash.

Economy Here Are The Best Cyber Monday Deals On Electronics
Author: 0 Here Are The Best Cyber Monday Deals On Electronics

The much-hyped marketing event is expected to bring in more than $3 billion in online , e-commerce sales volume, above the $2.4 billion logged previous year, according to Mastercard SpendingPulse that measures total US retail sales across all payment types.

Economy Unifor urging GM to bring more product to Oshawa plant
Author: 0 Unifor urging GM to bring more product to Oshawa plant

Executive ranks will also be whittled down by 25 percent to streamline decision making. Twenty years ago the Valley backed the "Bring It Home " campaign which helped to bring the Cobalt to Lordstown and saved the plant from closing. Oshawa's Mayor, John Henry, expressed hope that the report about a looming plant closure is "just a rumour" and noted that there had been no "heads up" for the city or the region regarding GM's move.

Economy General Motors layoffs to total 14700 factory and white-collar workers
Author: 0 General Motors layoffs to total 14700 factory and white-collar workers

All of the products now assembled at those three plants - Buick LaCrosse , Cadillac CT6, Cadillac XTS , Chevrolet Impala , Chevrolet Cruze and Chevrolet Volt - are scheduled to stop being produced for the U.S.by the end of 2019. In an emailed statement to CTV Toronto, GM spokesperson David Paterson said the company "won't be commenting. on speculation". The company also has said tariffs on imported steel, imposed earlier this year by the Trump administration, have cost it $1 billion.

Economy Christmas tree farmers get ready for the holidays
Author: 0 Christmas tree farmers get ready for the holidays

People may need to trim back their Christmas tree expectations this year. While it might be more expensive to buy a tree this early in the season, shoppers say it is all about tradition. 85% of the tree sales are the 182cm Nordmann Fir. All told, USA consumers are expected to buy about 27 million trees, roughly the same as the past two years, according to the National Christmas Tree Association .

Economy The Crypto Market Is $0.7 Trillion Down
Author: 0 The Crypto Market Is $0.7 Trillion Down

Craig mentions in his post that nChain intends to ensure that they packing blocks with paid data and Bitcoin as SV will have miners earning over $8,000 a block based on use alone. BTC is down more than 35 percent over seven days. Brutal best defines the past 36 hours for the crypto market, with nearly all cryptos seeing double-digit losses and sinking to yearly lows.

Author: 0 Cyber Monday deals headline big week of shopping

Now playing: Watch this: Black Friday sales go live, Facebook defends controversial. It's a sign, analysts say, that retailers are merging online business with their physical stores even as fewer people travel to those stores on Black Friday.

Economy Former Nissan chairman Carlos Ghosn denies salary fraud charges
Author: 0 Former Nissan chairman Carlos Ghosn denies salary fraud charges

Mr Ghosn and Mr Kelly were ousted by the carmaker last Thursday, and a source familiar with the matter said Nissan aims to nominate a new chairman within a month or two, hopefully before its next board meeting, slated for around Dec 20. Tokyo prosecutors are also looking into the involvement of Greg Kelly, a former Nissan representative director who has also been dismissed, in Ghosn's alleged misdeeds.