‘I'll take anything': Thousands of young people line up at CNE job fair
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Vancouver Sun
24 minutes ago
- Vancouver Sun
Vancouver home sales tick 2% lower in July with market 'turning a corner': board
Vancouver-area home sales were down two per cent in July compared with last year, as the city's real estate board says it continues to believe the market is showing early signs of recovery. Greater Vancouver Realtors says residential sales in the region totalled 2,286 last month, down from the 2,333 sales recorded in July 2024 and 13.9 per cent below the 10-year seasonal average. The board's director of economics and data analytics Andrew Lis says the figures confirm that the market has turned a corner after months of slow activity spurred by the Canada-U.S. trade war. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Year-over-year sales were down around 10 per cent in June, roughly half of the decline recorded in May. There were 5,642 newly listed properties on the market in July, a 0.8 per cent increase from last year, as total active listings rose 19.8 per cent year-over-year to 17,168. The composite benchmark price in July was $1,165,300, down 2.7 per cent from a year earlier and 0.7 per cent lower than June.
Globe and Mail
24 minutes ago
- Globe and Mail
Palantir books its first $1 billion in quarterly sales and dodges DOGE axe
NEW YORK (AP) — Shares of Palantir Technologies sailed past previous record highs Tuesday after booking its first $1 billion sales quarter and raising its performance expectations for the year. The stock rose above $170 Tuesday after breaking previous records four times this year in the global artificial intelligence race. The previous high for the stock was set just over a week ago when its stock closed at $158.80. Since going public in 2020 when it posted a $1.17 billion annual loss, the artificial intelligence software company has swung swiftly to a profit and sales are booming. Profit rose 33% to $327 million in the second quarter. Its $1 billion quarterly revenue haul was fueled by a 53% spike in government sales, despite massive spending cuts under President Donald Trump and his Department of Government Efficiency, once led by the world's richest man Elon Musk. 'DOGE has had zero negative impact on Palantir's U.S. government business, which achieved its fastest growth rate since the second quarter of 2021,' wrote William Blair analysts Louie DiPalma and Bryce Sandberg. 'Palantir is clearly benefiting from AI industry momentum across its government and commercial customer bases.' The company also recorded a 93% jump in business sales. Overall U.S. revenue surged 68% to $733 million. Late Monday, Palantir raised its annual revenue expectations to between $4.14 billion and $4.15 billion. It also raised its U.S. commercial revenue guidance to more than $1.3 billion, which would mean that Palantir achieved a growth rate of at least 85%. 'This was a phenomenal quarter,' CEO Alex Karp said in a statement accompanying the earnings release. 'We continue to see the astonishing impact of AI leverage.' Karp believes AI will benefit everyone, saying during a call with industry analysts on Monday that Palantir is, 'bullish on all aspects of American life, including and especially people in the blue collar." He said Palantir wants to 'arm the working class or blue collar workers with AI agency enhancing skills,' and said that the company will reach out to labor leaders to help familiarize workers with the technology. 'People with less than a college education are creating a lot value and sometimes more value than people with a college education using our product,' Karp said. Palantir, headquartered in Denver, specializes in software platforms that pull together and analyze large amounts of data.
CTV News
24 minutes ago
- CTV News
Nova Scotia Power seeking more time to file reports on cybersecurity attack
Nova Scotia Power is requesting additional time to file monthly reports on the cybersecurity attack that compromised the personal information of hundreds of thousands of customers earlier this year. In July, the Nova Scotia Energy Board ordered Nova Scotia Power to file a full report on the cyberattack by the end of 2025. It also required the utility to file monthly updates on its response to the incident, the first of which was due on Aug. 1. However, on Aug. 1, Judith Ferguson, executive vice president of regulatory, legal and government relations for Nova Scotia Power, sent a letter to the Energy Board saying they needed 'additional process clarification' and an extension on the start date for the monthly updates. 'The Board understands that NS Power is concerned about the sensitivity of the information to be provided and intends to seek Board approval to provide some or all of the information confidentially,' the Energy Board said in a response to the letter. 'The Board agrees that the filing of the report may be delayed but directs NS Power to file any request it intends to make around confidentiality or other process issues with the Board no later than August 15, 2025.' The Energy Board previously said the report should include a timeline of the cyberattack, details on the type and amount of exposed personal information, a review of the utility's policies and practices, and recommendations to improve security measures. 'Once the report is filed, the Board will launch a public process to review both the report and NS Power's planning for and response to the incident,' a news release from the energy board said at the time. 'The Board continues to work with MNP Digital, which is independently assessing the cybersecurity incident on behalf of Board Counsel and staff. NS Power has provided a high-level briefing about the incident to MNP, Board Counsel, and staff.' Cyberattack timeline Nova Scotia Power has previously said it detected 'unusual activity' on its network on April 25. It later learned the breach happened on or around March 19. The utility told the public it was the 'victim of a sophisticated ransomware attack' on May 23. An estimated 280,000 customers were impacted by the incident, which potentially compromised personal information like names, social insurance numbers, email addresses and phone numbers. Nova Scotia Power is offering five years of free credit monitoring to all former and current customers due to the cyberattack. Along with the energy board, the Office of the Privacy Commissioner is also investigating the incident. For more Nova Scotia news, visit our dedicated provincial page
