Canada will relax the rules on mortgages to allow first-time buyers to take out 30-year loans when they purchase newly built homes.
The change to regulations on insured mortgages come into effect on Aug. 1, Finance Minister Chrystia Freeland said. Itβs a move thatβs primarily aimed at winning over younger voters whoβve been shut out of the housing market, or squeezed by soaring prices and high interest rates.
The Bank of Canada left the key overnight interest rate at five per cent Wednesday, but governor Tiff Macklem said a June cut was βwithin the realm of possibilities.β
The federal government will be investing $2.4 billion to accelerate Canadaβs artificial intelligence (AI) sector, Prime Minister Justin Trudeau announced Sunday.
The investment will be divided between a number of measures meant to advance job growth in the AI and tech industry and boost businessesβ productivity.
https://globalnews.ca/news/10408277/trudeau-artificial-intelligence-tech-budget-investments/
This is why I have a big barometer change headache today.
Spring is going on spring break.
For the second time in two weeks, the weather is forecast to swing wildly from above-average temperatures and sunny skies to colder and snowy conditions, with a cold front moving through Calgary and region on Wednesday.
Proctor said the snowfall is expected to be βterribly heavyβ into the western foothills and up into the Rocky Mountains.
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Some NDP hopeful leaders are dropping out of the race as Nenshi has signed up so many new members!!
Yay!!
#AB Politics
#CoSoCanuks
Braid: Nenshi gets a UCP legislature welcome like Stalin might have faced
Nenshi is Albertaβs leading political performer. Drama flows whenever he opens his mouth β and in todayβs politics, drama is far more powerful than pleas for calm and reason
#cosocanuks
#AB politics
Good news!!
Ex-Mayor Nenshi joins NDP race; slams Smith's 'playground fights'
Former Calgary mayor Naheed Nenshi offers himself as the outsider who can build a broad coalition to defeat the UCP and defend core values of tolerance and inclusion.
The Bank of Canada has announced its key overnight interest rate will remain at five per cent, keeping its benchmark the same for the fourth time in a row.
Tiff Macklem, said discussions at the Bank of Canada are now shifting from how high to how long.
www.cbc.ca/news/business/bank-of-canada-interest-rate-january-1.7093055
Horrifying moment professional skier smashes into a CHAIRLIFT during huge jump and flip at popular Canadian resort
Keen skier Ivan Jones crashed into the chairlift at Lake Louise Ski Resort
The horrifying video of the crash has over 900,000 likes on Instagram
Jones emerged from the collision uninjured - except for some bruises
https://www.dailymail.co.uk/news/article-13159271/ivan-jones-skier-chairlift-collision-video.html
Canadians will get a look at the state of federal finances when Deputy Prime Minister Chrystia Freeland tables her budget next month.
The government has been trying to rein in spending after years of big COVID-era budget deficits that more than doubled the national debt to roughly $1.2 trillion β a debtload that is costing Ottawa tens of billions of dollars a year to finance in an era of higher interest rates.
https://www.cbc.ca/news/politics/federal-budget-april-16-2024-1.7132999
The Supreme Court of Canada ruled Friday that police must obtain a warrant before requesting a Canadiansβ internet protocol address in a significant victory for privacy advocates.
In a 5-4 ruling, the Supreme Court asserted that Canadians have Charter-protected privacy rights when it comes to cops requesting information about their online activities.
https://globalnews.ca/news/10329818/supreme-court-police-ip-warrant-canada/
Former Prime Minister Brian Mulroney dies at 84, daughter announces
Born of modest means, he was PM from 1984 to 1993, winning two majorities. Mulroney is remembered for free trade, the GST and environmental pacts focused on acid rain and the ozone layer.
He was one of Canada's most controversial prime ministers. Unafraid to tackle the most challenging issues of his era, Mulroney pursued politics in a way that earned him devoted supporters β and equally passionate critics
A special avalanche warning was issued Thursday for most of the regions in Alberta and B.C. monitored by Avalanche Canada.
Article content
Significant snow has fallen in many backcountry recreational areas and this new snow is sitting on weaker layers from early February, said Avalanche Canada. The natural avalanche activity has slowed, but events triggered by humans remain likely.
The governmentβs terrorist threat assessment agency is warning that extremists motivated by the Israel-Hamas conflict could attack crowds at events in Canada.
The Integrated Terrorist Assessment Centre (ITAC) predicted attacks could target protests, cultural centres, diplomatic posts βor other symbols of Israeli or Palestinian interests in Canada.β
https://globalnews.ca/news/10308061/threat-report-hamas-israel-attack-canada/
Retired, older than dirt
Married
Avid Reader, Generally interested in all things Medical, Science, Technology, Nature, Photography, Fiction Books, Politics