TORONTO – Inflation in Canada increased in August, but less than some economists expected. However, the price rise continues. According to data released today by Statistics Canada (here the whole report), inflation for consumer goods and services, measured by the consumer price index, was 1.9% in August compared to the same month last year. Economists, as we said, had expected a slightly higher rate: 2%, up from 1.7% in July. →
TORONTO – Autumn is close but the atmosphere is heating up at the Toronto Catholic District School Board, one of the school boards placed under “supervision” by the Ontario government in an effort to restore its budget, which has consistently been in the red in recent years despite millions of dollars poured in from the Province itself. →
TORONTO – Support staff at Ontario colleges (post-secondary institutions) are on strike: a new contract agreement was not reached by the deadline — midnight between yesterday and today — and the 10,000 full-time support staff (represented by the Ontario Public Service Employees Union) didn’t get secure better wages, benefits, and job security. →
TORONTO – Long before there was a Vesuvius Observatory monitoring its seismic activity, the volcano famously buried two Roman cities under layers of its ash, pumice and pyroclastic surges. What’s left of Pompeii and Herculaneum serve only to haunt today’s travellers who walk among their ruins.
TORONTO – In almost every neighbourhood in Toronto and the GTA, homes sold for below asking prices last month, according to a report by Wahi, a real estate analytics firm. “In August, the share of neighbourhoods in underbidding territory across the region matched a three-year high” said Wahi’s Josh Sherman. According to the report, released on September 4 (and available here), 98% of GTA neighbourhoods with at least five home sales during the month were underbid in August, up from 95% in July and 89% a year ago. →
