At first glance, the response of “sold over asking” real estate signs may seem like an encouraging signal for the Canadian economy, especially for highly invested homeowners who have watched prices fall from last year’s highs. But a growing number of economists worry that a recent series of indicators, the latest being Wednesday’s rise in … Read More “Uh-oh. More good news that may be bad for your economic health” »
OTTAWA – Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly. Statistics Canada is set to release its consumer price index report for May on Wednesday, providing the most up-to-date inflation reading ahead of the Bank … Read More “Inflation dip won’t be enough to stop another bank rate hike: analysts” »
Reddit, the “front page of the internet,” is making front-page news today, as many of the site’s moderators have made their communities private or restricted to protest recent changes to the platform. Many of the platform’s largest forums or subreddits, including r/pics, r/gaming and r/music, are preventing users from viewing the site or posting on … Read More “Reddit is facing a major protest from its own moderators” »
The continuous quest for stronger, safer, and more efficient construction methods has culminated in a steady rise in the adoption of tension control bolts (TCBs) in high-stress construction applications. These specialized fasteners present a myriad of advantages, enhancing structural integrity and reducing assembly time. In any given high-stress construction application, the choice of materials and techniques … Read More “The Advantages Of Tension Control Bolts In High-Stress Construction Applications” »
The company that makes kitchen staples like CorningWare, Pyrex and the Instant Pot has entered bankruptcy proceedings in the US and Canada. Illinois-based Instant Brands said Monday that it has “initiated a voluntary court-supervised Chapter 11 process,” due to an unmanageable debt load. “Tightening of credit terms and higher interest rates impacted our liquidity levels … Read More “Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy” »
Canada’s real estate market continued to heat up in May with home sales posting their first year-over-year increase since June 2021 and the average price seeing its first year-over-year gain in a year. The findings released by the Canadian Real Estate Association on Thursday suggested a marked shift away from the sluggish sales and slumping … Read More “Real estate: May home sales, prices rise year-over-year” »
When Samuel Bonne received $15,000 in student grants to fund his studies, he wasn’t expecting to have to pay it back. But just two years later — in the middle of the pandemic — those grants were converted to loans. At the end of his sophomore year at the University of Toronto, the Ontario Student … Read More “How student loans keep some people trapped in debt” »
A former executive at ByteDance, the Chinese company that owns the popular short-video app TikTok, says in a legal filing that some members of the ruling Communist Party used data held by the company to identify and locate protesters in Hong Kong. Yintao Yu, formerly head of engineering for ByteDance in the United States, says … Read More “Ex-TikTok executive says Chinese government used app to locate, identify Hong Kong protesters” »
