canada

The Bank of Canada (BoC) surprised the market with a rate hike last week, and BMO doesn’t think it was the last one. Canada’s economy is running so hot, the market now expects at least two more rate hikes. It’ll almost certainly lead to higher mortgage rates, which will throttle demand for housing at these prices. That’s...

Even the CBC is making an article about it! 😅

Economists are increasingly of the belief that Trudeau’s government is working at cross purposes to the central bank. Nearly 70 per cent of respondents to a Bloomberg survey say generous federal spending programs and higher immigration targets have led interest rates steeper than they would have otherwise needed to go....

The trend isn’t confined to the Bow Valley or even to Alberta. The federal government has temporarily eased limits on how many temporary foreign workers a business can hire in low-wage positions, and employers across Canada have increasingly made use of the program.

With competition from streaming services, a quickly-changing broadcast and news landscape, and diminished trust in the public broadcaster, the future of the CBC is as murky as ever....

I'm surprised we've seen basically nothing from provincial or federal governments to improve housing/rental affordability. With riding interest rates, I was expecting at least a slump, but that hasn't happened. Instead, we've seen amortizations grow rapidly....

Platforms like Airbnb are receiving renewed scrutiny amid a return to summer travel and an uptick in demand for short-term rentals, because of their role in making housing less affordable for some Canadians. Anne Gaviola has more on the impact of short-term rentals and the push for regulation

A Russian-registered cargo aircraft that has been grounded at Toronto Pearson Airport has been seized by the Canadian government, Global Affairs Canada announced on Saturday afternoon.