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Toronto Regional Real Estate Board says home sales hit record for August

Toronto Regional Real Estate Board says home sales hit record for August

TORONTO — An unprecedented surge in demand for low-rise housing pushed Toronto area home sales and prices to record highs in August, as the market continued to play catch-up from the COVID-19 lockdown this spring.
North American stock markets plunge on selloff of technology sector

North American stock markets plunge on selloff of technology sector

TORONTO — North American stock markets plunged Thursday, spurred on by a selloff in the overheated technology sector and concerns about the pace of economic recovery.
COVID-19 causes financial trouble for PNE, puts future of CNE in jeopardy

COVID-19 causes financial trouble for PNE, puts future of CNE in jeopardy

TORONTO — Two of Canada's favourite summer hotspots are in for a ride as they try to keep their operations alive amid COVID-19.
Consumer debt up 2.8% in second quarter but non-mortgage debt down: Equifax

Consumer debt up 2.8% in second quarter but non-mortgage debt down: Equifax

TORONTO — Credit rating agency Equifax Canada says total consumer debt increased 2.8 per cent to $1.99 trillion in the second quarter amid a strong recovery in the housing market.
Passengers can now be tested for COVID-19 on arrival at Pearson in Toronto

Passengers can now be tested for COVID-19 on arrival at Pearson in Toronto

TORONTO — International travellers arriving at Toronto's Pearson airport can now be tested for COVID-19 as part of a voluntary study to explore the effectiveness of quarantines.

Think about more than just the rate before locking in a mortgage, experts say

OTTAWA — As fixed-rate mortgage rate offerings tumble, those with variable loans thinking about switching over and locking in need to consider more than just the rate, experts say. James Laird, co-founder of Ratehub.

Services sector growth slows in August but still positive

WASHINGTON — Growth in the U.S. services sector, where most Americans work, slowed in August after big rebounds in June and July, indicating lingering problems stemming from the coronavirus pandemic.
DP World, Caisse de Deport to invest US$4.5 billion in global ports

DP World, Caisse de Deport to invest US$4.5 billion in global ports

DUBAI, United Arab Emirates — International port operator DP World reached a deal Thursday with one of Canada’s biggest pension-fund managers to pour an additional US$4.5 billion into their joint venture of ports and terminals.
U.S. productivity rises a record 10.1% in second quarter

U.S. productivity rises a record 10.1% in second quarter

SILVER SPRING, Md. — U.S. productivity rose at a 10.1% rate in the second quarter as the number of hours worked declined by the largest amount since the government started compiling the data more than 70 years ago.
Statistics Canada says merchandise trade deficit $2.45 billion in July

Statistics Canada says merchandise trade deficit $2.45 billion in July

OTTAWA — Canada's merchandise trade deficit was $2.45 billion in July as both imports and exports continued to post strong gains, but remained below pre-pandemic levels, Statistics Canada said Thursday.
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