Alberta, Ottawa strike funding deal for daycare operators

Alberta, Ottawa strike funding deal for daycare operators

Alberta announced Tuesday that roughly 1,600 of those new spots will be eligible for funding ‘almost immediately’ and another 2,000 slots will be available as soon as licensing requirements are complete.Greg Halinda/The Globe and Mail The number of subsidized daycare spots housed in private facilities in Alberta can expand by up to 22,500 spaces over … Read more

The Federal Reserve is likely to hike rates by a quarter point

The Federal Reserve is likely to hike rates by a quarter point

Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, US, December 14, 2022. Evelyn Hockstein | Reuters The Federal Reserve is expected to raise interest rates by just a quarter point but … Read more

Stocks making the biggest moves midday: Pentair, UPS and more

General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe Biden at media day of the North American International Auto Show in Detroit, Michigan, September 14, 2022. Rebecca Cook | Reuters Check out the companies making headlines in midday trading Tuesday. General Motors — The automaker’s stock surged … Read more

US, Chinese and Russian officials tour Africa as charm offensive gathers pace

Janet Yellen, US Treasury secretary, during a news conference with Enoch Godongwana, South Africa’s finance minister, at the National Treasury in Pretoria, South Africa, on Thursday, Jan. 26, 2023. Waldo Swieger’s | Bloomberg | Getty Images Russian Foreign Minister Sergei Lavrov, new Chinese Foreign Minister Qin Gang and US Treasury Secretary Janet Yellen have all … Read more

Investors dangerously ignoring bear market impact on earnings

Famed short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the Street [since] 1980 [and] not one bear market has ever traded above nine times to 14 times the previous peak earnings,” the Chanos & Co. founder told CNBC’s “Fast Money” on Monday. related investing news His latest warning comes … Read more

IMF hikes global growth forecast as inflation cools

The IMF has revised its global economic outlook upwards. Norberto Duarte | Afp | Getty Images The International Monetary Fund on Monday revised upwards its global growth projections for the year, but warned that higher interest rates and Russia’s invasion of Ukraine would likely still weigh on activity. In its latest economic update, the IMF … Read more

London’s luxury home sellers turn to WhatsApp as private sales surge

A growing number of Londoners are opting for novel means of buying and selling their properties, with WhatsApp emerging as a new home for luxury listings. Bloomberg | Bloomberg | Getty Images LONDON — In trying times for the UK real estate market, a growing number of Londoners are opting for novel means of buying … Read more

China’s $6 trillion consumer market is digging itself out of a slump

BEIJING — China’s consumption recovery from zero-Covid is getting off to a solid start – after a depressing fourth quarter. When Michelin-starred restaurant Rêver reopened Thursday from a Lunar New Year break, it was fully booked, said Edward Suen, chief operating officer of the Guangzhou venue. Reservations for the next three days were near capacity, … Read more

Business owners say Vancouver should make pandemic patios permanent – BC

During the height of the pandemic, patios turned into a lifeline for some Vancouver bars and restaurants, helping keep those businesses financially afloat. Now the City of Vancouver must decide if expanded patio spaces should become a permanent fixture on private properties. Read more: Vancouver city council votes to make patio program permanent Read next: … Read more

US unemployment system still plagued by delays 3 years post-pandemic

People wait in line to attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. Patrick T. Fallon | Afp | Getty Images These days the US unemployment system is somewhat of an anomaly. Almost three years after the Covid-19 pandemic caused the worst jobless crisis in the US since the … Read more