U.S. consumer prices unexpectedly fell and the annual increase was the smallest in a year, reinforcing views that a trend of dropping inflation was back on track in the United States, and drawing the Federal Reserve another step closer to cutting interest rates. The consumer price index dipped 0.1 per cent last month after being unchanged in May, the U.S. Labour Department’s … Read more
The housing market could soon get “interesting,” economists say, as home prices and sales start to edge up, according to a pair of new reports released Friday. In its latest quarterly Home Price Update and Market Forecast, Royal LePage is forecasting that the aggregate price of a home in Canada will increase nine per cent in the fourth … Read more
The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building will help lower housing costs, but “only gradually.” “In the short term any increase in population, particularly in an environment of constrained supply, is going … Read more
Immigration Minister Marc Miller says he’ll be scrutinizing the number of international students and other non-permanent residents coming into Canada, as political tension builds around the interplay between housing affordability and immigration. In an interview airing Sunday on Rosemary Barton Live, Miller said the relationship between housing and immigration is complex, and it was discussed around … Read more
The past calendar year has been a banner one for best-selling, critically acclaimed video games. Blockbuster titles like Alan Wake 2, Marvel’s Spider-Man 2 and Super Mario Bros. Wonder headlined a year full of critically acclaimed games that sold tens of millions of copies. But behind the screens, the games industry has been in a dramatic … Read more
Air Transat and the union representing its flight attendants, a unit of The Canadian Union of Public Employees, have reached a tentative agreement subject to a vote to renew their collective agreement, according to a press release the airline released today. Details of the agreement will be presented to members and voted on in the coming days, according … Read more
