Lower oil production brought down activity for goods-producing sectors by 0.4 per cent While services production was little changed in January, that marked the worst performance for the aggregate in more than a year Mining excluding oil was down for a fourth month, dropping 0.8 per cent Manufacturing was one positive during the month, posting a 0.7-per-cent gain for its third increase in four months. Construction posted a 0.5-per-cent gain, as builders continued to ramp up home construction even with a slowdown in real estate transactions Other gainers in January were wholesale and retail trade … [Read more...] about Canada’s GDP shrinks in January amid drop in oil production, Statistics Canada says
OTTAWA — Canada’s telecom complaint commission says wireless service contracts continue to be a major irritation for consumers, who have raised concerns about agreements that were either misleading or lacking critical information about the terms. … [Read more...] about Wireless contracts main source of complaints, say complaints commissioner
The Bank of Canada has increased its key interest rate target three times since last summer, moves that have prompted the big banks to raise their prime rates. The prime rate at Canada’s big banks now stands at 3.45 per cent compared with 2.7 per cent at this time last year. … [Read more...] about Got a tax refund? Here’s what to do with it.
Chiddy also became the business partner Dorfman never knew he needed. He offered his employee a partnership stake in the company a few years ago “because he deserved it.” Dorfman focuses heavily on the food and marketing while Chiddy devotes himself more to the books and human resources. … [Read more...] about The Sweet Potato: Organic groceries at a realistic price
Canada’s annual pace of inflation in February sped up to 2.2 per cent — its fastest pace in more than three years — to creep above the central bank’s ideal target of two per cent. Meanwhile, the average of the agency’s three measures of core inflation, designed to omit the noise of more-volatile items like gasoline, climbed slightly above two per cent for the first time since February 2012. … [Read more...] about Bank of Canada keeps key interest rate steady at 1.25%