Teresa's Edmonton Real Estate Blog

Canada's inflation rate cooled to a 1.9 per cent annual rate in August, Statistics Canada says, as the price of gasoline, fresh vegetables and fruit all got cheaper during the month.

August's rate came in 0.1 percentage point below July's level.

After bottoming out at 1.4 per cent in January, Canada's inflation rate has been at 1.9 per cent or above for six months in a row now.

Cheaper gasoline was one of the biggest factors in the cooling, as gasoline was 10 per cent cheaper in August 2019 than it was the same month a year earlier. The impact of that cheaper gas is so great that if gasoline is stripped out of the data, Canada's inflation rate would have been much higher — 2.4 per cent.

Canadians also paid 6.5 per cent less for fresh

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If a recession is headed our way, the canaries in the economic coal mine that are most likely to sing its arrival will be Canada's big banks. That's because Canada's five biggest lenders — Royal Bank, TD, Bank of Montreal, Scotiabank and CIBC — have a hand in nearly every aspect of Canada's economy, from loaning businesses money for expansion to funding the mortgages that finance much of the housing market.

Those same banks are in the midst of revealing their quarterly earnings this week, and the numbers should offer a good glimpse of where the economy is headed.

Profits up

The Royal Bank of Canada was first to report last week, showing profits rising to a record $3.3 billion in the third quarter. CIBC was next, with a quarterly profit of $1.4

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Plant-based eggs have landed their first big fast-food deal, following in the footsteps of the plant-based burger trend.

Canadian coffee chain Tim Hortons is testing JUST Egg at locations in its home market.

 

“Canada is one of the most requested markets for JUST and we’re excited to be able to offer our product at select Tim Hortons locations for this market test,” JUST spokesman Andrew Noyes said in a statement.

Tim Hortons, which is owned by Restaurant Brands International, made a leap into the world of vegan substitutes earlier this year when it started offering Beyond Meat’s imitation sausage on three breakfast sandwiches. It recently added the Beyond Burger — its first burger — to its menu as well.

“We are always listening to our

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  • TECHNOLOGY

Jun 10, 2019

 

Upgrade your memory with a surgically implanted chip!

Caroline Winter, Bloomberg News

  BC-Upgrade-Your-Memory-With-a-Surgically-Implanted-Chip!

BC-Upgrade-Your-Memory-With-a-Surgically-Implanted-Chip! , Illustration: Jinhwa Jang for Bloomberg Businessweek

In a grainy black-and-white video shot at the Mayo Clinic in Minnesota, a patient sits in a hospital bed, his head wrapped in a bandage. He’s trying to recall 12 words for a memory test but can only conjure three: whale, pit, zoo. After a pause, he gives up, sinking his head into his hands.

In a second video, he recites all 12 words without hesitation. “No kidding, you got all of them!” a researcher says. This time the patient had help, a

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Excitement over the Toronto Raptors' NBA Finals run is great news for bars across the country, but experts say the moment is an invaluable marketing opportunity for Toronto that could provide a substantial long-term economic boost to the region.

The championship run has already proven to be a boon for watering holes as people gather to take in the games with other fans.

"It's interesting if I'm sitting at home watching it. It's exciting if I'm sitting in a bar with 200 of my best new friends watching a game," said Jeff Guthrie, chief marketing officer at payments firm Moneris.

The company found that spending at bars in the Greater Toronto Area was up 72 per cent for Game 2 last Sunday against the Golden State Warriors,

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RBC Nationwide Study

In our Edmonton market thus far one can feel the caution in the market.  If a seller wants to have success they have to strong consider sharpening their pencils on their asking price.  Not only do you have to be the shiniest penny in the batch, you must hold the most value.  What is my forecast for the coming months?  It will balance out.  I don't suspect we will have a blood bath, but one must track the market closely.  The experts are slanting it more optimistically in Edmonton, I tend to be more conservative in all matters.

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