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CMHC reports annual pace of housing starts edged lower in August

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Original URL: https://castanet.net/edition/news-story-631432-6-.htm

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This page from Castanet Kamloops bundles several stories under one link. Only the Kamloops-area stories are indexed on topic pages; the rest are listed here for the record.

  • provincial CMHC reports housing starts edged lower in August
    Canada's seasonally adjusted annual rate of housing starts declined to 229,046 units in August from 229,360 in July, with Quebec and Alberta gains offset by declines in other provinces including Ontario.
  • out_of_scope U.S. retail sales rebounded in August despite rising gas prices
    U.S. consumer spending rose 1.2% in August after a 0.5% decline in July, with gains in clothing, furniture, and online retailers, even as gasoline prices surged to $4.37 per gallon amid Middle East conflict.
  • provincial Canadian banks face hurdles deploying AI at scale, fintech leaders say
    At the Canada Fintech Forum, banking and technology executives discussed challenges in rolling out artificial intelligence systems across financial institutions, citing cost, security, and accountability concerns despite high AI adoption rates among Canadian banks.
  • out_of_scope Wall Street slips amid AI safety concerns and Middle East oil tensions
    U.S. stock markets declined as AI stocks faced pressure from safety concerns and oil prices climbed above $103 per barrel following Middle East conflict, with traders awaiting the Federal Reserve's interest rate decision.
  • provincial B.C.'s fastest-growing companies show mixed lessons on revenue and profitability
    Business in Vancouver's 2026 list of fastest-growing B.C. companies reveals that high revenue growth does not always translate to profitability or share-price gains, with commodity prices significantly affecting mining companies like Imperial Metals and Monument Mining.
  • regional Imperial Metals rebounds after Mount Polley disaster and environmental cleanup · indexed on Thompson-Nicola Business & Economic Growth
    Imperial Metals Corp. has recovered from the 2014 Mount Polley Dam disaster near Williams Lake, with revenue growing 417.8% between 2021 and 2025 and share prices rebounding as the company resolved legal and environmental challenges.

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