Investors refuse to accept higher rates are here to stay – and that’s a problem for financial markets

Investors refuse to accept higher rates are here to stay – and that’s a problem for financial markets

Traders work on the floor at the New York Stock Exchange in New York, on Aug. 10.Seth Wenig/The Associated Press With interest rates rising, and rapidly so, the driving force that dictated decision making in financial markets for the past fifteen years is dying out. In a flash, disoriented investors have been exposed to a … Read more

‘He’s buzzing in there!’: Doug Ford accidentally swallows bee during press conference

‘He’s buzzing in there!’: Doug Ford accidentally swallows bee during press conference

Ontario Premier Doug Ford had an unexpected interruption during his press conference in Dundalk, Ont., on Friday. The first, while in the middle of answering a question on health care, accidentally swallowed a bee. The bee was seen buzzing around the first’s face seconds before it went right inside its mouth. Ford began choking before … Read more

Manulife reports $1.6-trillion drop in earnings amid market turmoil and extended COVID-19 restrictions in Asia

Manulife reports .6-trillion drop in earnings amid market turmoil and extended COVID-19 restrictions in Asia

Manulife Financial Corp. MFC-T missed analyst profit expectations after a $1.6-billion drop in earnings owing to market turmoil and extended COVID-19 restrictions in Asia. The largest insurer in Canada reported second-quarter net income of $1.09-billion, or 53 cents a share – a $1.6-billion drop from the $2.64-billion, or $1.33 a share, that it reported in … Read more

Saskatchewan man cut through fence to cross US border with children: border patrol

Saskatchewan man cut through fence to cross US border with children: border patrol

The United States Border Patrol says a convicted Canadian sex offender drove through a barbed wire fence to cross the international border with two children and their mother. The border patrol said agents found a cut fence near the Turner Port of Entry between Saskatchewan and Montana, then notified RCMP. Saskatchewan RCMP issued an Amber … Read more

Canadian home prices could drop by 25 per cent by end of next year, report says

Canadian home prices could drop by 25 per cent by end of next year, report says

A home for sale in Toronto’s Annex neighborhood on July 18.Fred Lum/The Globe and Mail Canada’s average home price could drop by as much as 25 per cent from peak values ​​in February by the end of next year, with the Maritimes and most of Ontario shouldering greater declines owing to the sharp jump in … Read more

Large power outage reported in Toronto’s downtown core – Toronto

Large power outage reported in Toronto’s downtown core – Toronto

Hydro One says it is investigating an issue affecting power to Toronto Hydro and its downtown customers on Thursday. The hydro company tweeted about the outage just before 1 pm “We’re currently experiencing a large outage in downtown Toronto and working together with Hydro One to address it,” Toronto Hydro said. Toronto residents in the … Read more

Canada Pension Plan reports $23-billion loss in June quarter as markets churn

Canada Pension Plan reports -billion loss in June quarter as markets churn

The Canada Pension Plan Investment Board said it lost 4.2 per cent in its most recent quarter, subtracting $23-billion from the fund’s assets. It could have been worse: The three months ended June 30 were awful for most investors. According to Royal Bank of Canada’s RBC I&TS All Plan Universe, defined benefit pension plan assets … Read more

Opinion: The Great Resignation has arrived in Canada

Opinion: The Great Resignation has arrived in Canada

It took a while for a version of the Great Resignation to take hold in Canada, but now it’s here. It has taken the form of a retirement wave – and its arrival further clouds the outlook for an already murky economy. Last week’s July employment report from Statistics Canada revealed that a record 300,000 … Read more

New Langya virus detected in China. Here’s what we know so far – National

New Langya virus detected in China.  Here’s what we know so far – National

As the world continues to grapple with the COVID-19 pandemic and a concerning monkeypox outbreak, a new zoonotic virus likely transmitted to humans from animals has caught the attention of scientists. In China, between December 2018 and August 2021, 35 people were infected with the Langya virus that is believed to have spread from shrews … Read more

Beloved Oilers fan Ben Stelter dies after fight with cancer: ‘The world lost the most special boy’

Beloved Oilers fan Ben Stelter dies after fight with cancer: ‘The world lost the most special boy’

Ben Stelter, the six-year-old Edmonton Oilers fan who captured the hearts of not only the team, but all Edmontonians, has died. “The world lost the most special boy and an absolute hero last night,” his dad Mike Stelter said in a statement posted to Twitter on Tuesday. “Ben, you were the best son we could … Read more