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Global economy will suffer as long as rich countries don’t help vaccinate poor ones, OECD warns
A leading international economic watchdog urged developed countries to put more effort into providing low-income countries with coronavirus vaccines in order to ensure that the global recovery from the pandemic is more even.
Markets sell off on contagion fears from China’s Evergrande
Financial markets around the world had their worst day in weeks on Monday, as worries about embattled Chinese property developer Evergrande had investors worried about what the fallout might be.
Fear grips markets as China’s Evergrande struggles with massive debt
Financial markets around the world had their worst day in weeks on Monday, as worries about embattled Chinese property developer Evergrande had investors worried about what the fallout might be.
Why you should care about teetering Chinese real estate company Evergrande
One of the biggest property developers in China is in danger of defaulting on its loans, a development that could have wide reaching implications for the economy. Here’s everything you need to know about the story as it unfolds.
After starting in Edmonton, Teamsters seeking to unionize 8 other Canadian Amazon facilities
The Teamsters workers’ union has launched campaigns to organize employees in at least nine Canadian facilities of U.S. e-commerce company Amazon.com, according to Reuters interviews with union officials.
Why natural gas prices have surged to some of their highest levels in years
A confluence of events in North America and Europe — from summer storms to an overseas supply crunch — have contributed to sharp increases in the price of the fossil fuel.
Summer travel surge has WestJet and Air Canada asking for volunteer help
A surge in summer travel across the country has forced Canada’s two biggest airlines to ask staff to help volunteer at airports to overcome staffing challenges, a move that is creating pushback from unions.
Lumber crash leads to ‘blowout’ sales as prices crater
Homeowners who resisted the urge to renovate during the first 18 months of the pandemic may find now is their chance, as lumber prices that soared to dizzying heights in the spring have crashed back down to earth.
Home sales cool in August, but average prices still well up from last year
Canada’s housing market continued to show signs of a slow cool-down in August, as the number of sales ticked lower even as selling prices still headed higher compared to where they were a year ago.
Inflation rate spikes to 4.1% in August, highest since 2003
Canada’s consumer price index touched its highest level in almost two decades last month, as the price of just about everything is sharply up compared to the transitory lows of a year ago.
High inflation may be ‘transitory’ as economists say — but Canadians still paying more while it lasts
Canada’s consumer price index touched its highest level in almost two decades last month, as the price of just about everything is sharply up compared to the lows of a year ago.