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 StatCan's manufacturing sales numbers from November, as well as a call by Canada's largest airlines to do away with COVID-19 testing for arriving passengers.
Brett Bundale will have a story on the toll that the pandemic has taken on team leaders, managers and executives as they grapple with increasing demands and surging work volumes.
We’ll also have the Bank of Canada’s Business Outlook Survey and Canadian Survey of Consumer Expectations.
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TOP STORIES:
December home sales at historic high: CREA
CDA-Home-Sales
Ottawa, Ontario, Canada -- The Canadian Real Estate Association says home sales set a new record in 2021, eclipsing the previous annual record set in 2020 by about 20 per cent. Words: 148
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Manufacturing sales up 2.6% at $63.1B in November
StatCan-Manufacturing
Ottawa, Ontario, Canada -- Statistics Canada says manufacturing sales rose 2.6 per cent to $63.1 billion in November. Words: 150, Photos: 1
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Airlines seek drop of mandatory arrival testing
COVID-Airlines-Testing
Toronto, Ontario, Canada -- Canada's largest airlines and the country's busiest airport are asking the federal government to drop its rule requiring mandatory arrivals testing for COVID-19. Words: 266
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World shares mixed after China reports slowing growth
Financial-Markets
World shares are mixed after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter. Paris, Frankfurt, Tokyo and Shanghai advanced while Hong Kong and Seoul declined. Shortly before the growth data were announced, the Chinese central bank on Monday announced a rate cut on medium-lending to commercial banks. On Wall Street Friday, major indexes logged their second losing week in a row. The S&P 500 gained 0.1%. The tech-heavy Nasdaq added 0.6% and the Dow Jones Industrial Average lost 0.6%. Traders were disappointed to see that U.S. retail sales sank 1.9% in December.
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CALENDAR:
Canadian Real Estate Association to release home sales figures for December.
Statistics Canada to release monthly survey of manufacturing for November.
Business Outlook Survey and Canadian Survey of Consumer Expectations
CP BUSINESS
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