Low property taxes on houses in N.B. real estate ads can be attractive — and also unavailable to you
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Canadian dollar steadies ahead of domestic inflation data
By Fergal Smith TORONTO (Reuters) -The Canadian dollar was barely changed against its U.S. counterpart on Monday as oil prices rose and investors awaited domestic inflation data that could guide expectations for the Bank of Canada policy outlook. The loonie was trading nearly unchanged at 1.3814 per U.S. dollar, or 72.39 U.S. cents, after moving in a range of 1.3784 to 1.3831. Canada's consumer price index report for July is due on Tuesday. Economists expect the annual rate of increase in consumer prices to ease to 1.8% from 1.9% in June, but measures of underlying inflation that are closely tracked by the BoC are forecast to remain well above the central bank's 2% target. "Tomorrow's Canadian inflation report should remain too hot for comfort," Karl Schamotta, chief market strategist at Corpay, said in a note. "The central bank's preferred trim and median core measures are likely to hold close to the 3% threshold for now as retaliatory tariffs and still-resilient consumer spending levels translate into upward pressure on prices." Investors see a 68% chance that the BoC would leave interest rates unchanged at its next policy decision on September 17. The central bank has been on hold since lowering the benchmark rate to 2.75% in March. The price of oil, one of Canada's major exports, was up 0.5% at $63.11 a barrel, while the U.S. dollar notched gains against a basket of major currencies. Canadian housing starts unexpectedly rose in July, advancing 4% from the previous month, data from the national housing agency showed. Data on Friday from the U.S. Commodity Futures Trading Commission showed that speculators have raised their bearish bets on the Canadian dollar to the highest level since June. The Canadian 10-year yield was up 2.7 basis points at 3.489%, after earlier touching its highest level since July 30 at 3.506%.
Yahoo
28 minutes ago
- Yahoo
Hanesbrands (HBI) Soars 32.8% on $2.2-Billion Merger with Gildan
We recently published . Hanesbrands Inc. (NYSE:HBI) is one of the last week's top performers. Hanesbrands saw its share prices increase by 32.8 percent week-on-week after confirming that it was set to merge with Canadian firm Gildan Activewear for $2.2 billion. After officially inking a definitive agreement last week, Hanesbrands Inc. (NYSE:HBI) said that its shareholders are set to receive 0.102 shares of Gildan Activewear and $0.80 in cash for each HBI share they owned. Based on the closing prices of Hanesbrands Inc. (NYSE:HBI) and Gildan Activewear on August 11, the offer would represent a 24-percent premium from the former's closing price on the said date. Upon closing, Hanesbrands Inc. (NYSE:HBI) will effectively own around 19.9 percent of Gildan Activewear shares on a non-diluted basis. Pixabay/ Public Domain The transaction remains subject to shareholder and regulatory approvals and is expected to close in late 2025 or early 2026. In the second quarter period, the company swung to a net income of $81.6 million from a $298 million net loss in the same period last year. Net sales inched up by only 1.8 percent to $991 million from $973 million year-on-year. While we acknowledge the potential of HBI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28 minutes ago
- Yahoo
Ontario increasing funding for housing-enabling infrastructure
Ontario Premier Doug Ford says the province is putting $1.6 billion more toward funds for municipalities to help them get housing built. Ford told the Association of Municipalities of Ontario conference Monday in Ottawa that the government has already put $2.3 billion toward its Municipal Housing Infrastructure Program, which goes toward housing-enabling infrastructure. Municipalities apply through four streams, including one for building roads and bridges, and another for building water and wastewater systems. Ontario is well off the pace of home building that's needed to achieve Ford's goal of getting 1.5 million homes built by 2031. The government recently updated its housing tracker for the first time in eight months, and it shows that construction was started on 94,753 housing units in 2024 — well below its interim goal for that year of 125,000 homes — even after adding construction such as long-term care homes and university dorms to the count. Canada Mortgage and Housing Corp. figures released Monday say the country's annual pace of housing starts in July rose four per cent year-over-year, but in Ontario there was a decline of 28 per cent. This report by The Canadian Press was first published Aug. 18, 2025. Allison Jones, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
