Canada services sector downturn ends as new business climbs

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Canada's services economy grew in May for the first time in a year as firms saw an increase in new business and hired workers at a faster pace, S&P Global...

TORONTO - Canada's services economy grew in May for the first time in a year as firms saw an increase in new business and hired workers at a faster pace, S&P Global Canada services PMI data showed on Wednesday.

The new business index rose to 51.8 from 50.0 in April, led by growth for providers of finance and insurance as well as information and communications services, and the employment measure was at 51.2, up from 50.6. The prices charged index fell to 55.4 from 56.3 in April, while the measure of input prices was at 60.0, dipping from 60.3.

In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603,718.30 a share. -- Axos Financial Inc., which has lent to properties including former President Donald Trump’s flagship New York tower, plunged after Hindenburg Research said it was short the stock because of the bank’s exposure to problematic commercial real estate loans.

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