Canada’s housing market is getting a big helping hand from house-hungry millennials, but that will come to an end in the next several years, bringing with it an era of stagnation, the Bank of Montreal predicts. In a new affordability analysis, BMO says the country’s burgeoning millennial population will rescue the housing market from its…
Argentina’s former president Cristina Kirchner, who has been accused of receiving tens of millions of dollars in bribes during her term in office, will go on trial for corruption, a federal court confirmed on Thursday. Mrs Kirchner is accused of running a criminal network at the heart of the infamous "corruption notebooks" scandal – bribes paid by businessmen…
LONDON (Reuters) — The U.S. dollar edged down on Tuesday, while the Canadian dollar traded close to an eight-month low on persistent worries about a trade war stemming from U.S. President Donald Trump’s proposed tariffs on imported steel and aluminum. Against the yen — traditionally seen as a safe haven — the U.S. dollar edged…
Monks have been secluding themselves from the world for more than a millennium in the caves of the Kiev-Pechersk Lavra, where 120 mummified brothers lie in glass-covered coffins along the low, sloping corridors. Their solitude has been increasingly interrupted, however, since the top patriarch in Istanbul said in October he’d recognise a new Ukrainian church…
TORONTO — Consumers who yearn for more alternatives to Canada’s large wireless carriers will have to wait longer, but in the meantime the CRTC has ordered the Big Three to offer consumers the option of lower-cost, data-only plans. The Canadian Radio-television and Telecommunications Commission said Thursday that it has ordered Rogers, Bell and Telus to…
Thailand approved marijuana for medical use and research on Tuesday, the first legalisation of the drug in a region with some of the world’s strictest drug laws. The junta-appointed parliament in Thailand, a country which until the 1930s had a tradition of using marijuana to relieve pain and fatigue, voted to amend the Narcotic Act…
The once-unstoppable juggernaut that was Greater Toronto’s housing market has slowed to a crawl, with preliminary data for February showing sales taking a deep dive and prices well off last year’s highs. And any possible recovery is likely to be some time off, says John Pasalis, president of Realosophy Realty. According to Pasalis’ preliminary analysis…
James Mattis is to step down as defence secretary, leaving the White House in protest at Donald Trump’s policies. Mr Trump announced on Thursday night that the 68-year-old – one of the most widely-respected figures in the administration – was retiring at the end of February. But in his resignation letter Mr Mattis said he…
VANCOUVER — Mountain Equipment Co-op says it will be meeting today to discuss future plans for several well-known outdoor brands owned by major U.S. ammunition and gun manufacturer Vista Outdoor Inc. MEC has been facing increasing calls on social media to drop brands such as Giro, Camelback, and Blackburn because their Vista parent-company also produces…
Chris Dawson, whose alleged murder of his wife was the subject of a podcast that became an international phenomenon, has been released on bail from a prison in Sydney, almost three weeks after he was charged over the 36-year-old crime. Smiling as he was driven from prison in his brother’s Porsche, Mr Dawson, 70, was…