Interest-rate hike could push real estate sales: mortgage broker
With the latest hike bringing Canada’s key interest rates to levels not seen since 2001, one mortgage broker is warning that it may be “the last straw” for some homeowners with variable mortgages.
“We started to hear from people in the last three weeks that they are actively considering selling their homes,” Ron Butler, a mortgage broker in Ontario told CTV News Channel on Wednesday. “They can’t handle the increase.”
The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent, the first increase since stopping hikes in January.
Butler says homeowners with variable rate…
Saskatchewan among the world’s top 3 regions for mining investment
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Three provinces make the top 10, according to Fraser Institute
Published May 05, 2023 • Last updated 20 hours ago • 4 minute read
An employee of Sayona Quebec in front of a lithium deposit at the company’s North American Lithium Complex in La Corne, central Quebec. Photo by MATHIEU DUPUIS/SAYONA/AFP via Getty Images files
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Saskatchewan is the world’s third-most attractive region for mining investment, topped only by Nevada and Western Australia, according to the Fraser Institute’s latest Annual Survey of Mining Companies.
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WestJet pilots to launch strike authorization vote as negotiations fizzle – Business News
Pilots to launch strike vote
The Canadian Press – March 31, 2023 / 10:56 am | Stories: 418925
Photo: The Canadian Press
A passenger walks past WestJet and Air Canada planes at Calgary International Airport in Calgary, Alta., Wednesday, Aug. 31, 2022. The union representing WestJet pilots says it will launch a strike authorization vote Monday as contract talks with management drag on. THE CANADIAN PRESS/Jeff McIntosh
The union representing WestJet pilots says it will launch a strike authorization vote Monday as contract talks with management drag on.
Bernard Lewall, who heads the Air Line Pilots Association’s WestJet contingent, says…
Twitter pulls check mark from main New York Times account – Business News
Photo: The Canadian Press
FILE – The Twitter application is seen on a digital device, April 25, 2022, in San Diego. Twitter has removed the verification check mark on the main account of The New York Times, one of CEO Elon Musk’s most despised news organizations. The removal comes as many of Twitter’s high-profile users are bracing for the loss of the blue check marks that help verify their identity and distinguish them from imposters on the social media platform. (AP Photo/Gregory Bull, Files)
Twitter has removed the verification check mark on the main account of The New York Times,…
Pornhub owner MindGeek purchased by private equity firm – Business News
Pornhub owner purchased
The Canadian Press – March 16, 2023 / 12:47 pm | Stories: 416472
Photo: The Canadian Press
The Pornhub website is shown on a computer screen in Toronto on Wednesday, Dec. 16, 2020. PornHub parent company MindGeek is being acquired by private equity firm Ethical Capital Partners.THE CANADIAN PRESS
Private equity firm Ethical Capital Partners (ECP) is acquiring MindGeek, the owner of Pornhub.
The terms of the transaction are not being publicly disclosed.
In a news release, ECP says MindGeek is committed to quality adult entertainment made by and for consenting adults.
The Ottawa-based private equity firm…
