Business

Winnipeg Free Press - PRINT EDITION

Business Watch

By: Staff Writer

Posted: 08/21/2012 1:00 AM | Comments: 0

Salaries projected to rise 2.7%

SALARIES in Manitoba are expected to go up by about 2.7 per cent in 2013, just slightly less than the national average of 2.9 per cent, according to the Hay Group's 2013 salary survey.

The projected increase is slightly more than forecast for 2012. Resource-rich provinces Alberta, Newfoundland and Saskatchewan lead in predicted salary gains.

The 2.7 per cent projected average salary increase in Manitoba is up from 0.2 per cent for 2012. Hay Group is projecting average salary increases in Winnipeg also at 2.7 per cent.

Facebook stock bounces back

NEW YORK -- Facebook's beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day.

Facebook Inc. hit a new low of $18.75 before bouncing back to $20.01 by the time the stock market closed. That's up 96 cents, or five per cent, for the day.

The social networking icon's much-anticipated IPO turned sour amid technical problems on the Nasdaq stock market and high expectations. The stock has not surpassed its $38 IPO price since its first trading day.

RBC raises mortgage rates

TORONTO -- RBC Royal Bank (TSX:RY) is raising two of its mortgage rates by one-fifth of a point each, starting Tuesday.

RBC's posted rate for a three-year, fixed-rate mortgage will go up 0.2 percentage point to 4.05 per cent.

Meanwhile, an RBC special-offer rate for five-year closed mortgages rises to 3.69 per cent.

Nova Scotia funds idled mill

HALIFAX -- The government of Nova Scotia has announced a $124.5-million funding package in efforts to help resume operations at the idle NewPage Port Hawkesbury paper mill this fall.

Premier Darrell Dexter made the announcement Monday, saying the funding would help the mill's prospective buyer, Pacific West Commercial Corp., turn the facility's fortunes around.

-- from the news services

Republished from the Winnipeg Free Press print edition August 21, 2012 B7

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required

In which story did you find the error? *
Please post the headline of the story or the title of the video with the error.
What was the error? *
Please post exactly what was wrong with the story.
What should we have written?
Please indicate your source for the correct information.
Who else should we interview to improve this story?
Please include any contact information you may have.
Can we contact you in the future for advice on stories about this topic?
Yes

No
First Name: *
Last Name: *
E–mail Address: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Phone: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Colour:
Are you blue? If you can see this, leave it blank and get some CSS support.
Enter the words that you see: * This is to prevent our forms from being filled out automatically.
You have failed to correctly identify the words in the box above. Please try again.

More Business

Undock

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.