A smaller increase in the price of gasoline meant Canada's annual inflation rate slid to 1.4 per cent in March - the lowest growth rate since January 2007, Statistics Canada said Thursday. The inflation rate has now slowed for four consecutive months. February's rate was 1.8 per cent. The one-year change in the Bank of Canada's core index, which factors out volatile elements such as food and energy, was 1.3 per cent in March, down from the 1.5 per cent increase in February. This slowdown in core inflation was mostly a result of lower car prices, Statistics Canada said. The main factor pushing prices up in March was higher mortgage interest costs, which rose 8.3 per cent. "The upswing in prices of new housing in March continued to put more upward pressure on mortgage interest costs than the change in interest rates," said Statistics Canada. Prices that Canadians paid at the gasoline pumps rose by 7.9 per cent from March 2007...
Asia stocks fell on Friday with inflation worries magnified by record high oil prices and slowing economic growth. News that Japan's annual inflation rate rose to a decade high also unnerved...
Canada's jobless rate dipped to 5.8 per cent in January, as the economy churned out a greater-than-expected 46,400 jobs, Statistics Canada said Friday. - The unemployment rate matches the...
British satellite broadcaster BSkyB is facing a heavy financial loss after a competitions watchdog says its ITV stake should be slashed. MOREINFO: * Bertelsmann moves for full RTL stake * China...
Asia stocks tumbled on Thursday with investors haunted by a sharp fall in U.S. shares overnight. Japan's Nikkei fell 2.2 percent (14,130) on renewed worries about the health of the global economy....
New Delhi, Apr 11(ANI): Speaking at a Global agro industries forum in New Delhi on April 10, Indian Prime Minister Manmohan Singh said on April 10 that a steep rise in food prices will make...
As worries about the global economy intensify, investors shed banking and mining stocks causing markets across Europe to tumble. The German DAX hit it's lowest point in two years. Trader Fidel...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking business in Europe and the...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura Holdings is to pay up to $525 million for Lehman's Asia Pacific franchise and is front-runner to...
TiVo, the popular U.S. television-recording device, is finally arriving in Canada in early December. - The TiVo set-top device, which allows viewers to record shows and skip commercials,...
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