Business News Advisory from The Canadian Press
Here are the CP Business Department's plans for today and the top business stories so far. All times Eastern unless otherwise stated. All ETAs and wordcounts approximate. Entries are subject to change as news develops.
If you have any questions, please contact Kate Hopwood at 416-507-2151 or firstname.lastname@example.org, or Jody White at email@example.com. You can always reach the desk at firstname.lastname@example.org or 416-507-2138.
We’ll have StatCan’s manufacturing figures for August.
Tara Deschamps will have a Money Monitor on pandemic-era wedding gift etiquette.
We'll have a story on Freshii investing in online health and wellness retailer Natura Market.
Canopy Growth signs deal for U.S. edibles company
Toronto, Ontario, Canada -- Canopy Growth Corp. says it has signed a deal to secure the right to buy U.S. cannabis edibles company Wana Brands if the United States moves to allow THC federally. Words: 196, Photos: 1
Unemployment claims fall to lowest level of pandemic
The number of Americans applying for unemployment benefits fell to its lowest level since the pandemic began, a sign the job market is still improving even as hiring has slowed in the past two months. Unemployment claims dropped 36,000 to 293,000, the second straight drop, the Labor Department said Thursday. That’s the smallest number of people to apply for benefits since March 2020, when the pandemic intensified.
Global shares rise as Wall Street tech gain boosts optimism
Global shares are mostly higher, with European benchmarks tracking gains in Asia. Stocks rose Thursday in Paris, London and Tokyo, while Shanghai shares were little changed after the release of data showing producer price inflation at a record high 10.7% in September, mainly due to surging coal prices.
Statistics Canada to release its monthly survey of manufacturing for August.
The Canadian Press