to cap off the year, with the headline figure dropping to 6.3 per cent in December, a shade lower than the average forecast of 6.4 per cent and well off the 8.1 per cent peak in June. The main driver of the slowdown was a 13.1 per cent drop in gasoline prices, which sort of leads us to the thornier part of the equation.
Another day, another round of significant job cuts in the tech sector. This time it’s Lighspeed Commerce, slashing about 300 jobs – equivalent to 10 per cent of its workforce – resulting in a restructuring charge of between $12-14 million. Net sales over at Goodfood Market dropped 39 per cent year-over-year in its latest quarter, as the food-kit company pulled back on promotional pricing campaigns meant to lure in new subscribers.
Bombardier sees its preliminary 2022 results coming in above prior expectations, forecasting revenues came in at US$6.9 billion, above the earlier view for US$6.5 billion.Notable data: Housing Starts, Consumer Price Index, International Securities Transactions, Empire State Manufacturing Survey