The new COVID-19 variant is shaking global markets. Major European indices have been down, futures are pointing to a shart drop and WTI has been up to 6 per cent lower.
Unfilled jobs surpassed one million in Canada, a sign that employers are having difficulty finding workers as they ramp up hiring.
What’s to be done about red-hot housing markets that are being inflated by investors at a time when average Canadians are heaping on debt to keep pace? That’s the question stemming from this week’s headline-fetching warnings from the Bank of Canada and the country’s top banking regulator.
California’s ports of Los Angeles and Long Beach delayed charging fines on containers that sit on the docks for too long for a second time this month, arguing the threat alone is helping clear lingering boxes from space-constrained terminals.
Federal Reserve officials at their last meeting stressed the need for flexibility on the pace at which they will scale back their bond-buying program as well as the timing of interest-rate increases, before data showed inflation accelerating.
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