Canada’s Q4 labour productivity drops; annual growth modest: StatsCan - 04/17/08 02:41 PM
Canada's labour productivity fell for the first time in more than a year in the fourth quarter as GDP growth slowed while hours worked continued to increase steadilyProductivity lost 0.8 per cent in the fourth quarter, after posting a slight 0.1 increase in each of the previous two quarters.For all of 2007, labour productivity increased a mere 0.5 per cent, the lowest annual increase since 2004.For U.S. businesses, the quarterly labour productivity decelerated significantly in the fourth quarter, increasing only 0.2 per cent, after rising 1.6 in the third quarter.Despite this slowdown, U.S. businesses had a revised growth of 1.9 per … (0 comments)

Consumers to hold up Canadian economic growth to 2.2 per cent in 2008 - 04/17/08 02:39 PM
The Conference Board says robust consumer spending this year will shelter the Canadian economy from the U.S. recession.The economic think-tank says the Canadian economy will expand by 2.2 per cent in 2008, among the most optimistic of recent private sector forecasts.The Board says Canadian exporters and manufacturers will have a miserable year in the face of waning U.S. demand.But consumer spending, which was the major driving force behind last year's 2.7 per cent growth, will hold up despite the U.S. slowdown.The Conference Board notes that consumer spending grew at an annualized rate of 7.4 per cent in the fourth quarter of … (0 comments)

Housing starts brisk in March; Q1 numbers up over a year ago: CMHC - 04/17/08 02:38 PM
Housing starts brisk in March; Q1 numbers up over a year ago: CMHC The Canadian PressCanada Mortgage and Housing Corp. reports the annual rate of housing starts was 254,700 units in March, down slightly from 255,600 units in February.For the first quarter of 2008, actual starts, in rural and urban areas combined, were up about 12.8 per cent compared to the same period last year.CMHC's chief Economist Bob Dugan says the strong showing in March is largely due to construction of multiple-family dwellings, particularly condominiums.Dugan says construction starts among single-detached homes, usually a strong trend indicator, decreased slightly.CMHC predicts the housing … (0 comments)

Gasoline, oil futures hit new records on report of lower supplies - 04/17/08 02:35 PM
 
OMG This oil/gas thing is beginning to be so crazy.  Will it ever stop?????
NEW YORK - Gasoline and oil futures prices rocketed to new records Wednesday, propelled by concerns about how much gas will be available during the peak summer months. Crude futures approached US$115 for the first time.Gas futures prices set records after the Energy Department's Energy Information Administration reported that supplies of the fuel fell by 5.5 million barrels last week, much more than analysts surveyed by Dow Jones Newswires had expected.The report raised concerns that there won't be enough gasoline to meet demand this summer. May gasoline futures … (1 comments)

P.E.I. crab fishermen given leave to sue Ottawa - 04/17/08 02:33 PM
A federal court decision released Wednesday has opened the door for a group of P.E.I. snow crab fishermen to sue the federal Department of Fisheries and Oceans for millions of dollars.
The dispute involves a decision in the 2006 DFO management plan to remove 11 per cent of the quota given to 28 crab fishermen in order to make room for First Nations fishermen.
The department offered to pay the fishermen $37.4 million for the lost quota, but it also wanted them to sign an agreement that they would not make any other claims against the DFO in return for the package.
The crab fishermen refused to sign the agreement, … (1 comments)

P.E.I. stores pulling BPA plastic off shelves - 04/17/08 02:30 PM
Several stores on P.E.I. have taken refillable plastic bottles made with the chemical bisphenol A off the shelves because of health concerns.
'Part of it was they weren't selling like they used to.'- Mike Morrison, Source for SportsBPA is found in many types of plastic containers including refillable water bottles and is identifiable by the number seven stamped in the recycling icon. Water bottles made with the plastic include popular brands such as Nalgene.
The chemical was long thought to be harmless, but some recent studies on animals have suggested that it could be linked to a number of health problems, including cancer … (0 comments)

 

Adam Affleck

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