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Sales of new homes surge 4.8% in August

Sales of new homes surge 4.8% in August

NEW YORK — Demand for new homes continues to surge despite an ongoing pandemic and lingering anxiety about the U.S. economy. The pace of sales have now reached levels last seen before the Great Recession in 2006.
Airlines demand 'concrete plan' for financial aid after throne speech hints at relief

Airlines demand 'concrete plan' for financial aid after throne speech hints at relief

Canada's flight industry is tentatively taking heart in signals from the throne speech that financial help is on the way but wants to see quick, clear action to support the sector, which has been devastated by the COVID-19 pandemic.
Home prices could fall 7 per cent in 2021, hitting Prairies hard: Moody's forecast

Home prices could fall 7 per cent in 2021, hitting Prairies hard: Moody's forecast

TORONTO — Home prices across Canada could tumble about seven per cent in 2021, as unemployment dampens the hot real estate market, according to a forecast by Moody's Analytics, Inc.
COVID-19 may accelerate workplace automation that is bigger risk for women: StatCan

COVID-19 may accelerate workplace automation that is bigger risk for women: StatCan

OTTAWA — Women are more likely than men to face a risk of their jobs being affected by automation, a Statistics Canada study says.
Apple's smaller rivals unite to fight iPhone app store rules

Apple's smaller rivals unite to fight iPhone app store rules

WASHINGTON — Spotify and the makers of Fortnite and Tinder are taking on Apple and Google as part of a newly formed coalition calling for “fair treatment” in the way the tech giants run their app stores.
Sir Harold Evans, crusading publisher and author, dies at 92

Sir Harold Evans, crusading publisher and author, dies at 92

NEW YORK — Sir Harold Evans, the charismatic publisher, author and muckraker who brought investigative moxie to the British press, newsmaking dash to the American book business through bestsellers like “Primary Colors” and synergetic buzz to all as a
Mortgage rates tick up to 2.9%, remain at historic lows

Mortgage rates tick up to 2.9%, remain at historic lows

SILVER SPRING, Md. — U.S. average rates on long-term mortgages rose slightly this week but remain at historically low levels. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan edged up to 2.90% from 2.
CI Financial growing wealth management business with minority stake in Assante Dorval

CI Financial growing wealth management business with minority stake in Assante Dorval

TORONTO — CI Financial Corp. and its Assante Wealth Management (Canada) Ltd. subsidiary have signed a deal to acquire a minority share in Assante's operation in Dorval, Que.
BlackBerry reports second-quarter loss, revenue up from year ago

BlackBerry reports second-quarter loss, revenue up from year ago

WATERLOO, Ont. — BlackBerry Ltd. reported a loss of US$23 million in its latest quarter as its revenue grew six per cent compared with a year ago. The security software and services company, which keeps its books in U.S.

Software provider to state and local governments hacked

DALLAS — A major provider of software services to state, county and local governments, including the online publishing of election results, told customers Wednesday that an unknown intruder broke into its phone and information technology systems.