Canadian home sales rise 2.8% in June
The industry group's Home Price Index edged down 0.2% on the month and was down 3.7% annually, while the national average selling price was down 1.3% on the year.
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Business Wire
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- Business Wire
Ostia Sciences Inc. Completes $1.46M Seed Round to Develop Microbiome Therapeutics Platform.
TORONTO--(BUSINESS WIRE)--Ostia Sciences Inc., a microbiome therapeutics company developing next-generation probiotics, today announced the successful close of its seed financing round, raising CAD $1.46 million as of December 31, 2024. We are advancing our phosphorylated lantibiotic-producing probiotic technology for microbiome-based health solutions to improve oral health and the quality of life of millions of patients around the world Share In addition to private investment, Ostia secured over $393,000 in non-dilutive grants, including $350,000 from Natural Products Canada (NPC) through its Proof-of-Concept (POC) program. The NPC POC funding will help advance Ostia's planned clinical trials, focusing on natural solutions for widespread conditions like gingivitis, halitosis, and treatment-related oral complications of head and neck cancer patients. 'Our progress reflects both strong investor confidence and essential support from Canadian innovation programs, enabling the commercialization of natural health solutions and helping millions of patients worldwide,' said Dr. Abdelahhad Barbour, CEO of Ostia Sciences. 'We now have the resources to optimize our manufacturing processes and move SALI-10 toward clinical validation.' With full ownership of its IP portfolio, an expanding team of advisors, and a robust discovery pipeline, Ostia Sciences is positioning itself as a leader in microbiome-based biotherapeutics. 'We're building more than just a product, we're creating a platform for targeted, microbiome-driven drug development,' said Dr. Michael Glogauer, Chief Scientific Officer. 'This funding brings us one step closer to transforming how we treat oral and respiratory diseases.'
Hamilton Spectator
an hour ago
- Hamilton Spectator
S&P/TSX composite down in late-morning trading, U.S. stock markets also lower
TORONTO - Losses in industrial and telecommunication stocks weighed on the Toronto market as Canada's main stock index fell in late-morning trading, while U.S. stock markets also pulled back. The S&P/TSX composite index was down 78.55 points at 27,308.38. In New York, the Dow Jones industrial average was down 149.30 points at 44,335.19. The S&P 500 index was down 3.89 points at 6,293.47, while the Nasdaq composite was down 15.60 points at 20,870.05. The Canadian dollar traded for 72.89 cents US compared with 72.71 cents US on Thursday. The September crude oil contract was up 78 cents US at US$67.01 per barrel. The August gold contract was up US$14.80 at US$3,360.10 an ounce. This report by The Canadian Press was first published July 18, 2025. Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
CNBC
an hour ago
- CNBC
Oil prices rise after EU new sanctions on Russia
Crude oil futures rose on Friday while gasoil futures jumped to a 17-month high as investors weighed new European Union sanctions against Russia. Brent crude futures climbed 89 cents, or 1.3%, to $70.41 a barrel. U.S. West Texas Intermediate crude futures gained 96 cents, or 1.4%, to $68.50. The premium on low-sulphur gasoil futures to Brent crude was up $3.50 at $27.27, the almost 15% increase lifting the spread to its highest since February 2024. The EU reached an agreement on an 18th sanctions package against Russia over its war in Ukraine, which includes measures aimed at dealing further blows to Russia's oil and energy industries. Its latest sanctions package will lower the G7's price cap for buying Russian crude oil to $47.6 a barrel, diplomats told Reuters. The EU will also no longer import any petroleum products made from Russian crude, though the ban will not apply to imports from Norway, Britain, the U.S., Canada and Switzerland, EU diplomats said. EU foreign policy chief Kaja Kallas also said on X that the EU has designated the largest Rosneft oil refinery in India as part of the measures. Higher gasoil futures could be driven by an EU ban on fuel imports derived from Russian crude, UBS analyst Giovanni Staunovo said, as well as low inventories in northwest Europe. The EU and UK have imported about 196,000 barrels per day of refined fuel from India so far this year, the majority of which was diesel, gasoil and jet fuel, according to data from analytics business Kpler. Europe produces less diesel and jet fuel than it consumes, making it reliant on imports from other regions. "This shows the market fears the loss of diesel supply into Europe, as India had been a source of barrels," said Rystad Energy's vice president of oil markets, Janiv Shah. Investors were considering the potential impact of the price cap change and vessel designations on crude markets. Investors are awaiting news from the U.S. on possible further sanctions after President Donald Trump this week threatened sanctions on buyers of Russian exports unless Moscow agrees a peace deal in 50 days. "Ultimately, it is now a matter of waiting for possible major changes in U.S. sanctions and tariff policy," Commerzbank analysts said in a note. The U.S. has not backed Europe on the latest sanctions package, leaving the EU with limited power to enforce the measures. "We expect limited impact from the lower price cap and tanker sanctions; landed prices for diesel in Europe could increase somewhat due to larger logistics issues to get products into Europe, but we think enforcement challenges limit the impact on flows," said BNP Paribas analyst Aldo Spanjer. Prices could also have received support after Reuters reported that a restart of Iraq's Kurdish oil exports is not imminent despite Iraq's federal government saying on Thursday that shipments would resume immediately.
