It is looking rough out there for hopeful homebuyers in Toronto, as the city’s housing market is currently facing a major downturn. Robert Hogue, of the Macroeconomic and Regional Analysis Group with RBC Economics, recently published a special housing report that delved into the downturn of some of Canada’s largest housing markets as aContinue Reading
As the housing market continues to show signs of weakening, the cost of rent in Toronto is on the rise. New data released by the Toronto Region Real Estate Board for the second quarter of 2022 shows that the average rent charged for one-bedroom and two-bedroom condominiums has now reached aContinue Reading
The bar at which the finances of Canadian mortgage borrowers gets tested has just been lowered, making it easier for would-be home buyers to reach. Five-year posted mortgage rates at Canada’s big banks have inched lower in recent weeks, enough to compel the Bank of Canada to formally lower the averageContinue Reading
Trump threatens to take ‘action’ on social media U.S. President Donald Trump tweeted that he plans to take ‘big action’ after Twitter included a fact-checking link on his tweet about mail-in ballots, and says he will sign an executive order pertaining to social media on Thursday. 2:00 Threatening to shutContinue Reading
Facebook founder Mark Zuckerberg has said he doesn’t want it to be an ‘arbiter’ of political speech, but critics say that leaves the site vulnerable to propaganda and false claims from candidates and political campaigns.(Mark Lennihan/The Associated Press) Facebook employees critical of chief executive officer Mark Zuckerberg’s decision not toContinue Reading
Walmart has about 100 Tire Lube & Express car repair shops across Canada. (Rick Wilking/Reuters) Walmart says it will begin closing its Tire, Lube and Express businesses in stores across Canada. An email from corporate affairs director Adam Grachnik says the move will allow Walmart to accelerate online growth while continuingContinue Reading
Addition Elle, whose brand is shown here at a fashion show in New York in 2018, focused on the plus-sized segment of the market. Thyme Maternity focused on maternity clothes, and both chains will now shut down as part of Reitman’s restructuring. (Andrew Kelly/Reuters) Reitmans will shutter 77 Addition Elle andContinue Reading
BCE Inc. and Telus Corp. will both use equipment from Scandinavian component makers Nokia and Ericsson to build out their next-generation 5G networks in Canada. BCE, the parent company of Bell, said Tuesday morning it will partner with Swedish telecommunications equipment maker Ericsson to build out its next generation wireless network,Continue Reading
Sino-American relations have soured in recent years as U.S. President Donald Trump has stepped up tough talk and action in a long-simmering trade dispute. (Jonathan Ernst/Reuters) President Donald Trump’s administration said on Wednesday it will bar Chinese passenger carriers from flying to the United States starting on June 16 asContinue Reading
