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Conference Board sees modest economic growth in 2017
Conference Board sees modest economic growth in 2017 Alberta expected to lead all provinces in economic growth this year Retail sales activity is expected to cool this year and next, the Conference Board of Canada says. (Chris Wattie/Reuters) The national economy should see a slight pick-up this year, the Conference Board of Canada said in […]
Questions Remain As Shifting Narrative, Conflicting Testimony Indicates Cover Up in Quebec Terror Incident
Questions Remain As Shifting Narrative, Conflicting Testimony Indicates Cover Up in Quebec Terror Incident Witness statements and reports which conflict with the Canadian government’s account of what occurred during the tragic January 29th, 2017 Quebec terror attack at the Islamic Cultural Centre of Quebec City raise questions about what actually happened the night of the […]
ANALYSIS: Brexit vote a sign U.K. ‘longing for a time and place that never was’
ANALYSIS: Brexit vote a sign U.K. ‘longing for a time and place that never was’ ‘Free movement of people is a major point of European integration,’ says political scientist European Union leaders said Friday that the U.K. should begin the process of leaving the EU as soon as possible. It’s expected that some countries will take […]
Ottawa sets up working group to monitor housing market
Ottawa sets up working group to monitor housing market Finance Minister Bill Morneau says he will work with cities and provinces to get more and better data Policymakers are looking at all the tools at their disposal to take care of the housing market. (David Donnelly/CBC) The federal government plans to work with British Columbia […]
Canadian housing market hits $508,097 average price in April as sales rise to record
Canadian housing market hits $508,097 average price in April as sales rise to record Average Canadian house price up 13% in April, but wide regional variances remain Canada’s housing market hit new all-time records both for the average price and the number of homes sold in April. (Associated Press) Canada’s housing market continues to set […]
House flipping tax could curb speculative foreign money, CIBC says
House flipping tax could curb speculative foreign money, CIBC says Tax on home flippers may be helpful, but most foreign investors are likely legitimate, Benjamin Tal says Canada lacks concrete data on the level of foreign investment in the country’s housing market, experts say. (Daniel Acker/Bloomberg) Canada may consider a tax on foreign investors flipping […]
Venezuela at risk of unravelling as economic, energy turmoil deepens
Venezuela at risk of unravelling as economic, energy turmoil deepens Violent protests follow decision to ration energy, cut work week for public employeesSo much is riding on the onset of the rainy season in Venezuela, where people across the drought-stricken country lined up on April 28, 2016, to buy food. So far, Caracas is being […]
CMHC says many major housing markets showing signs of overvaluation
CMHC says many major housing markets showing signs of overvaluation Nine of the 15 largest Canadian housing markets are showing some signs of overvaluation, the CMHC said. Canada’s national housing agency says nine of Canada’s 15 largest housing markets are showing signs of being overvalued. The Canada Mortgage and Housing Corporation said in its quarterly […]
NEB approves Enbridge Line 3 pipeline replacement
NEB approves Enbridge Line 3 pipeline replacement Conditions include consultation with First Nations Enbridge is proposing to replace its Line 3 pipeline from Hardisty, Alta., to Superior, Wis. If approved, it will approximately double the amount of oil shipped daily. (Canadian Press) The National Energy Board will allow Enbridge to replace an aging pipeline across the […]
5 things George Orwell understood
5 things George Orwell understood Famed author implores us to be vigilant, and to keep the faiths of decency, tolerance and humanity George Orwell at the BBC in 1941. The insights of his books and many other writings still resonate today. (Penguin Books India) Related Stories The Orwell Tapes, Part 1 The Orwell Tapes, Part […]
House affordability improving in some parts of Canada, National Bank says
House affordability improving in some parts of Canada, National Bank says Mortgage rates probably won’t be dramatically changed by the Bank of Canada’s benchmark overnight rate, economists say. (Sean Kilpatrick/Canadian Press) Amid the continuing escalation in housing prices in the Vancouver and Toronto areas, there are some places in Canada where home affordability is improving, […]
Stéphane Dion approves export permits for $11B in LAVs to be sent to Saudi Arabia
Stéphane Dion approves export permits for $11B in LAVs to be sent to Saudi Arabia Documents say past sales have not been linked to violations of civil or political rights in the kingdom Documents obtained by CBC News are shedding light on the strategy the federal government is using to justify the sale of light […]
Bank of Canada keeps benchmark interest rate at 0.5%
Bank of Canada keeps benchmark interest rate at 0.5% Central bank’s rate has impact on rates offered by commercial banks for loans and savings accounts The Bank of Canada, lead by governor Stephen Poloz, kept its benchmark lending rate at 0.5 per cent on Wednesday. (Adrian Wyld/Canadian Press) Canada’s central bank stood pat today, electing […]
