logo
Building boom helps P.E.I. lead in growth, but labour shortages persist

Building boom helps P.E.I. lead in growth, but labour shortages persist

CTV News16-07-2025
P.E.I.'s GDP grew by 3.6 per cent in 2024 thanks to development and construction. But builders are still struggling to keep up thanks to labour shortages.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Intellistake Technologies Corp. Appoints Shelly Murphy, DesTechAZ Co-Founder with Steve Wozniak, to Advisory Board to Propel Growth in Decentralized Artificial Intelligence and Digital Currencies
Intellistake Technologies Corp. Appoints Shelly Murphy, DesTechAZ Co-Founder with Steve Wozniak, to Advisory Board to Propel Growth in Decentralized Artificial Intelligence and Digital Currencies

Globe and Mail

time8 minutes ago

  • Globe and Mail

Intellistake Technologies Corp. Appoints Shelly Murphy, DesTechAZ Co-Founder with Steve Wozniak, to Advisory Board to Propel Growth in Decentralized Artificial Intelligence and Digital Currencies

VANCOUVER, BC, July 29, 2025 /CNW/ - Intellistake Technologies Corp. (CSE: ISTK) (OTC: ISTKF) (FSE: E41) (" Intellistake" or the" Company") is pleased to announce the appointment of Shelly Murphy to its Advisory Board. A trailblazer in technology, education, and finance, Murphy will provide strategic guidance to support the Company's change of business to a technology company focused on decentralized artificial intelligence (" AI") and digital currencies.

Why Tesla Stock Jumped Today
Why Tesla Stock Jumped Today

Globe and Mail

time4 hours ago

  • Globe and Mail

Why Tesla Stock Jumped Today

Key Points Tesla inked a $16.5 billion chip manufacturing deal with Samsung to produce its next-generation chips. The chips will be produced in Texas and are designed to enable advanced artificial intelligence (AI) features for Tesla's vehicles and personal robotics. Tesla faces major near-term challenges, as sales have slipped globally. These 10 stocks could mint the next wave of millionaires › Shares of Tesla (NASDAQ: TSLA) climbed higher on Monday. The electric vehicle (EV) maker's stock gained 3% as of market close, but had jumped as much as 4.6% earlier in the day. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) was flat and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 0.3%. Tesla signed a major deal with Samsung to manufacture its next-generation AI6 chips. Tesla inked a massive deal with Samsung Tesla and Samsung's $16.5 billion deal will see the South Korean electronics giant manufacture Tesla's chips, producing them in its new factory in Texas. CEO Elon Musk said on X that, along with producing the chips, "Samsung agreed to allow Tesla to assist in maximizing manufacturing efficiency," adding that, "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher." While it will be years before the first AI6 chips -- designed to enable artificial intelligence (AI) inference for Tesla's vehicles and personal robots -- roll off the line, the news was enough to send Tesla shares higher. It's a critical time for Tesla The deal will help Tesla bring its vision for the future closer to reality, but it's still a long road. In the meantime, Tesla is struggling. The company faces increased competition from Chinese EV makers like BYD as it sees its sales sharply decline around the globe. Musk's own foray into politics has done significant damage to Tesla's brand. The next year will be very telling whether Tesla can find its footing once again. I have my doubts, and I continue to think the stock is significantly overpriced. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $449,961!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,603!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $636,628!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. *Stock Advisor returns as of July 28, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store