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 kate.hopwood@thecanadianpress.com, or Jody White at jody.white@thecanadianpress.com. You can always reach the desk at business@thecanadianpress.com or 416-507-2138.


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COVERING:


We'll have more on CN Rail's decision to drop its pursuit of Kansas City Railway, as well as StatCan's inflation figures for August.


Bret Bundale will have a story on how rising wages might be neutralized by inflation.


We’ll also have a story on the latest national home sales figures from the Canadian Real Estate Association.


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TOP STORIES:


CP NewsAlert: CN drops KCS takeover bid

KCS-Railway-Battle

Montreal, Quebec, Canada -- Canadian National Railway Co. says it is dropping its takeover offer for Kansas City Southern. Words: 49, Photos: 1



Inflation rate climbs to 4.1 per cent in August

StatCan-Inflation

Ottawa, Ontario, Canada -- Statistics Canada says the consumer price index in August rose 4.1 per cent compared with a year ago, the largest year-over-year inflation increase since March 2003. Words: 367, Photos: 1


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DoorDash sues New York City over rights to customer data

US-Doordash-Consumer-Data

DoorDash is suing New York City over a new law that requires delivery companies to share customer data with restaurants. The San Francisco company says the law __ which passed the New York City Council in late July __ is unconstitutional and violates customer privacy. The law requires delivery companies to share data on customers __ including names, addresses and phone numbers  __ with any restaurant that requests that information. 


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Global stocks mixed as growth concerns weigh on sentiment

Financial-Markets

European stocks are flat while Asian markets declined after U.S. inflation was lower than expected amid unease about the impact of the coronavirus’s delta variant. London and Frankfurt opened little-changed. Shanghai, Hong Kong Tokyo retreated. Wall Street futures were higher a day after the benchmark S&P 500 index fell despite data showing consumer prices rose at their slowest rate in seven months in August. 


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CALENDAR:


Statistics Canada to release its consumer price index for August.


The International Economic Forum of the Americas Montreal Conference


Canadian Real Estate Association expected to release August home sales figures.


CP BUSINESS

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