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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 […]
Farmland prices up 10% last year as property boom spreads to agriculture
Farmland prices up 10% last year as property boom spreads to agriculture All provinces saw increases, but not as much as in previous years The price of farmland increased by more than 10 per cent, on average, last year. (Parwiz/Reuters) The average price of farmland across Canada increased 10.1 per cent last year as low […]
Apple crop under threat after cold snap follows early spring
Apple crop under threat after cold snap follows early spring Warm weather caused apple trees to start budding earlier than normal, and the fruits are now in danger by the cold snap that followed. (Pascal Rossignol/Reuters) Apple farmers in the East worry the late-season Arctic blast could take a big bite from their budding crops. […]
Royal Bank and BMO defend Canada’s banking sector amid Panama Papers and Fintrac fine
Royal Bank and BMO defend Canada’s banking sector amid Panama Papers and Fintrac fine Bad week for big banks as tax haven discussion hits at same time as fine levied for lack of disclosur It has been a rough week, reputationally for Canadian banks, but fundamentally they remain among the world’s best. (Mark Blinch/Reuters) The […]
Panama Papers only a glimpse into ‘astonishing’ wealth stashed offshore
Panama Papers only a glimpse into ‘astonishing’ wealth stashed offshore Some estimates suggest between 8 and 14 per cent of global wealth is kept in tax havens It’s estimated that at least $7 trillion and up to $32 trillion is currently kept in holdings in tax havens. (Eric Gaillard/Reuters) The provocative revelations coming out of […]
TPP ‘worst trade deal ever,’ says Nobel-winning economist Joseph Stiglitz
TPP ‘worst trade deal ever,’ says Nobel-winning economist Joseph Stiglitz Trans-Pacific Partnership should be redone to advance interests of citizens, not corporations, he says Nobel Prize-winning economist Joseph Stiglitz says the Trans-Pacific Partnership may well be the worst trade agreement ever negotiated, and he recommends Canada insist on reworking it. “I think what Canada should […]
Vancouver, Toronto home buyers not ‘reckless,’ just numerous
Vancouver, Toronto home buyers not ‘reckless,’ just numerous National Bank economist says household formation, not speculation, is driving up prices National Bank economist says even Vancouver apartments may not be overvalued by world standards. (Canadian Press) First-time buyers looking to take the home-ownership plunge in Vancouver and Toronto, Canada’s two hottest markets, are far from […]
Canada due for debt crisis and recession, economist argues
Canada due for debt crisis and recession, economist argues Credit growth has to stop at some point, and then economy shrinks, argues Steve Keen Finance Minister Bill Morneau has just delivered a budget that will put Canada deeper in debt. A Forbes columnist argues that puts Canada on track for a credit crisis. (Sean Kilpatrick/Canadian […]
Alberta and oil prices: How Middle East geopolitics and religion affect our future
Alberta and oil prices: How Middle East geopolitics and religion affect our future Calgary’s economic fortunes enmeshed in decisions made on the other side of the globe Saudi Arabia’s Oil Minister Ali al-Naimi at a news conference following a meeting in Doha, Qatar February 16, 2016. (Naseem Zeitoon/Reuters) Calgary is unlike most other cities. It […]
World Class Journalist Spills the Beans, Admits Mainstream Media is Completely Fake
World Class Journalist Spills the Beans, Admits Mainstream Media is Completely Fake Recently, Dr. Ulfakatte went on public television stating that he was forced to publish the works of intelligence agents under his own name, also adding that noncompliance with these orders would result in him losing his job. He recently made an appearance on […]
