Helium shortage 4.0 continues, and it's not just bad for party balloons

A global helium shortage that began last year continues today and could continue well into next year and disrupt various helium-reliant industries in different ways, from predicting the weather to making semiconductors and detecting gas leaks in ships.
See Full Article

CIBC aims to reduce emission intensity from power portfolio by 32 per cent by 2030

CIBC says it aims to cut the emissions intensity of its power generation portfolio by 32 per cent by 2030 in the latest climate target released by a Canadian bank.
The reduction goal released Thursday follow on its release in March of targets for its oil and gas sector portfolio that included emission intensity reductions of between 27 and 35 per cent by the end of the decade.
See Full Article

Sweden confirms new leak in underwater Nord Stream gas pipelines

The Swedish Coast Guard on Thursday confirmed a fourth leak on the damaged Nord Stream natural gas pipelines, after ruptures reported earlier in the week.
"We have leakage at two positions" off Sweden, said Coast Guard spokesperson Mattias Lindholm.
See Full Article

Salary transparency is on the rise. Here's how to navigate the topic

Mo Hameed started a TikTok account showcasing everyday Canadians sharing what they do and how much they make just a few months ago.
"I wanted to create something for the youth, but also for other people in their careers who want to make sure they're getting paid a fair amount, and just have a page where people can go and be like, 'oh, this job is cool, let me look more into this,"' the 24-year-old said.
See Full Article

Why stores start selling Christmas stuff in September

You may not be anywhere close to ready for the holidays — but retail chains certainly are.
Christmas trees are already on sales floors at Costco and Lowe's, Walmart's year-end holiday sales start October 1 and Target is offering its "earliest access ever" to holiday deals beginning October 6.
See Full Article

Statistics Canada says job vacancies dropped below one million in July

Statistics Canada says the number of job vacancies in the country moved lower to slip below one million in July, but remained well above where they were a year earlier.
The agency says employers in Canada were actively recruiting for 964,000 vacant positions, down by 56,400 compared with June.
See Full Article

U.S. stocks fall sharply as markets deal with higher rates

Stocks fell sharply in morning trading on Wall Street Thursday as bond yields marched higher and put the squeeze back on markets.
The S&P 500 fell 2.6% as of 10:15 a.m.
See Full Article

FinTok: How TikTok is changing financial literacy in Canada

It’s been a tough year financially, with a 40-year-high inflation rate, climbing housing prices and a sharp rise in the cost of living. More Canadians are seeking financial advice on how to make the most of their money, and Canada’s younger generations have turned to an unlikely yet booming source for the answers to their problems.
See Full Article

S&P/TSX composite swings back to losses, ends down more than 200 points

Canada's main stock index ended down more than 1.1 per cent in broad-based declines on continued economic growth concerns, while U.S. stock markets also fell.
The S&P/TSX composite index closed down 207.08 points at 18,441.84 on Thursday, giving up a good chunk of the 341 points of gains a day earlier that had snapped a six-day losing streak.
See Full Article

Gas prices up by as much as almost 20 cents in some Canadian cities

Gas prices jumped overnight in some cities across Canada by as much as almost 20 cents.
According to the CAA's gas price tracker, the price of gas is up nationally by just over three cents on average at 158 cents per litre, with some provinces seeing higher jumps than others.
See Full Article

Germany to spend billions to tackle high energy prices

Germany plans to spend up to 200 billion euros (US$195 billion) helping consumers and businesses cope with surging energy prices, particularly for natural gas, due to the war in Ukraine.
Chancellor Olaf Scholz said Thursday that the government is reactivating an economic stabilizing fund previously used during the global financial crisis and the coronavirus pandemic.
See Full Article

Gas prices reach 239.9 cents per litre in Metro Vancouver, breaking all-time record

Metro Vancouver has broken yet another gas price record at 239.9 cent per litre.
It’s the latest blow to the cost of living in the increasingly unaffordable province.
Lower Mainland drivers are still paying the highest prices in the country.
See Full Article

Canadian economy grew 0.1 per cent in July, Statistics Canada says

The Canadian economy grew slightly in July with the latest reading on real gross domestic product coming in higher than expected.
Statistics Canada says the economy grew by 0.1 per cent, outperforming its preliminary estimate that pointed to a contraction of 0.1 per cent.
See Full Article