Business

Toronto home sales continue to soar

Toronto home sales continue to soar

In Vancouver , sales dropped 26 per cent in August - the first month following the introduction of the tax - compared to a year ago, although prices continued to rise. "Whenever you have a situation like that, you're going to have strong upward pressure on prices". Along with the slowdown in sales, the board said prices that were once skyrocketing may be tapering off.


Ackman's Pershing Square Discloses 9.9% Stake In Chipotle Mexican

Ackman's Pershing Square Discloses 9.9% Stake In Chipotle Mexican

The city issued a permit for Chipotle on August 26 to construct a commercial shell building with a valuation of $325,000. Chipotle Mexican Grill makes up approx 2.29% of Marathon Partners Equity Management's portfolio. He's been stung by an investment in Valeant Pharmaceuticals International Inc. and - so far - failed to profit from a $ 1 billion bet against Herbalife Ltd., which he alleges is a pyramid scheme.



China blames United States, journalists for Obama airport fiasco

Turkish President Recep Tayyip Erdogan on Monday said he urged world leaders to establish a no-fly zone in northern Syria, two weeks after Turkish forces pushed the "Islamic State" militant group and Kurdish militias from the border area. President Obama met with his Russian counterpart on the sidelines of the G-20 summit in China, negotiating over a proposal to cooperate in the war in Syria.



British Airways computer problem causes delays at multiple airports

Computer glitches are continuing to cause problems for airlines. British Airways Chief Executive Alex Cruz in July said "if you go back and look around the industry, there are way too many examples of people implementing systems like these and going through a tough period during the first few weeks".


Theresa May rejects points-based immigration system hailed by Brexit supporters

Theresa May rejects points-based immigration system hailed by Brexit supporters

May and her Australian counterpart Malcolm Turnbull promised a " very strong " free trade agreement between the two countries. "In response, Prime Minister May mentioned she recognises the result of the UK referendum is having influence on the global community, including Japan - and expressed hope the Japan-UK economic relationships will be maintained and strengthened".


Case for rate hike has strengthened: Yellen

Case for rate hike has strengthened: Yellen

Citing continued expansion in US economic activity, especially housing spending, plus an inflation rate running below the FOMC's desired two percent level, Yellen wondered aloud if this was the right time for another rate increase. lead, which points to a soft start to trade on Monday for the Australian share market. U.S. stock prices fell in choppy trading, while prices of U.S.