COMPOSITE Financial News

By Caroline Valetkevitch

Has the Toronto real estate market’s rebound already run out of steam? That’s a question some homeowners might be asking after sales declined on a month-over-month basis in June while new listings jumped to the highest level in a year.

By Lawrence Delevingne and Nell Mackenzie

China is striking back in the ongoing technology war with the United States, raising concerns in the metals industry about potential new export restrictions on 'rare earths'. These rare earth elements, which consist of 17 chemical elements found in nature, have gained immense significance in the past decade due to their vital role in the manufacturing of various technologies such as cell phones, hard disks, electric vehicles, monitors, and military equipment.

GST) council at its 50th meeting scheduled for tomorrow, July 11, is likely to deliberate on a host of issues including taxation of online gaming, definition of utility vehicles and tightening of norms for registration and claiming input tax credit (ITC). The GST Council is chaired by finance minister Nirmala Sitharaman and comprises a panel of state representatives.

The Dow Jones Industrial Average fell 29.20 points, or 0.09%, at the open to 33,705.68.

Chandrayaan-3, scheduled to be launched from Sriharikota on 14 July, will make India the fourth country to land its spacecraft on the surface of the moon, said Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, on Sunday. “Chandrayaan-3 is a follow-on mission of Chandrayaan-2 and is aimed to demonstrate India’s capability in soft landing and roving on the surface of the moon or the Lunar surface. The complex mission profile required for the spacecraft to enter the moon’s orbit has been executed very precisely.

SMS in the last 10 years as the usage of internet-based calling and messaging apps grew, according to a Trai paper. However, revenue share per user from data usage grew over 10 times between June 2013 quarter to December 2022 quarter, according to the paper.

Arunachal Pradesh unit of the National People's Party (NPP) has decided to oppose the immediate implementation of the Uniform Civil Code (UCC) in the northeastern state. The decision was taken at the state executive meeting of the party in Itanagar on Saturday, NPP state general secretary Paknga Bage said. NPP state working president Likha Saaya told reporters, «Though NPP is in alliance with the BJP on developmental issues, the regional party follows its own ideology». The party unanimously adopted a resolution at the meeting opposing the UCC, citing the state's diverse multi-ethnic and multi-tribal composition, as well as its strong customary and traditional identity, Bage said. Elaborating on the reason why NPP is opposing UCC, Bage said since Arunachal Pradesh has its own unique laws, the NPP has unanimously adopted a resolution to go with the customary laws with certain modifications. «The state and the central governments should focus on codifying the existing customary laws with necessary modifications to align them with tribal practices,» he said.

Chandrayaan-3 spacecraft takes flight safely. The communications lines are passing through major roads in the area, including NH5 (Chennai-Perambur-Gummidipundi), NH205 (Chennai-Tiruvallur) SH56 (Perambur-Ponneri), and SH50 (Tiruvallur-Uthukotai), and connections to Vellore, Aarani, Thiruvattipuram, Kancheepuram, Chengalpattu, and Vandalur in Chennai, Kancheepuram, Vellore, and Tiruvallur districts. Notably, Bharat Sanchar Nigam Limited (BSNL) maintains all major communication links connecting Isro’s space centre.

Hindu Business Line on 8 July. In June, three directors — GV Ravishankar of Peak XV Partners (Sequoia Capital India), Russel Dreisenstock of Prosus, and Vivian Wu of Chan Zuckerberg Initiative — stepped down from Byju’s Board.

Wall Street's main indexes ended lower on Friday in a seesaw session, as investors digested a U.S. jobs report that showed weaker-than-expected growth and awaited more economic data and corporate earnings in the weeks ahead. The U.S.

U.S. automobile safety regulators are zeroing in on changes that Tesla has made to its Autopilot partially automated driving system including how it makes sure drivers pay attention and how it detects and responds to objects

Stocks closed lower after reports suggested the U.S. job market remains much more resilient than expected

U.S. markets are quiet ahead of the critical U.S. June jobs report with Treasury Secretary Janet Yellen in Beijing attempting to ease tensions between the world’s two largest economies

Olectra Greentech Ltd hit a 52-week high of ₹1251.95 on the BSE today, as investors continued to pile in on the stock. Olectra has a market cap of 10,107 crores and this order of 10,000 crores is almost the size of total market cap of the company.  The contract is on a Gross Cost Contract basis for a period of 12 years. EVEY will procure the buses from Olectra and they will be delivered over a period of 24 months.

Chandrayaan-3 on July 14. Isro has announced that spectators can witness the launch from the Launch View Gallery at SDSC-SHAR, Sriharikota. Interested individuals can register at the registration link — lvg.shar.gov.in/VSCREGISTRATIO for an exclusive viewing experience.

Federal Reserve will be aggressive in raising U.S. interest rates. The S&P 500 posted its biggest daily percentage drop since May 23.

₹2,641 crore, while Domestic Institutional Investors (DIIs) sold shares worth a net amount of ₹2,351 crore. Moving into July till date, FIIs continued to show interest in the Indian market by buying shares worth a net amount of ₹8,374.55 crore, while DIIs sold equities worth a net amount of ₹3,913.95 crore.Vinod Nair, Head of Research at Geojit Financial Services said, “Foreign investors continue to provide unwavering support to the domestic market, helping to sustain the ongoing rally despite weak global cues.

real estate sector tumbled 4.2%. Britain’s FTSE 100 fell 2.2% at 7,280.50. Germany’s DAX dropped 2.6% at 15,528.54. France’s CAC 40 tanked 3.1% at 7,082.29.  In Asia, stock markets fell on Thursday, led by Hong Kong shares. Hong Kong’s Hang Seng index slumped 3% at 18,533.05. China’s Shanghai Composite lost 0.5% at 3,205.57.

The average price of ahome sold in the Greater Toronto Area slipped in June from the month prior, but remained above last year’s levels, according to monthly figures released by the Toronto Regional Real Estate Board (TRREB).