With Imran Khan in jail, Pakistan gears up for election most voters don’t trust
At the top of a winding road in the hills of Islamabad, deep in the backyard of a private home, dozens of people gather and wait for a political rally …
economy-crisis
High interest rates aren’t to blame for housing crisis, Bank of Canada governor says
Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage. Macklem faced multiple questions on …
Bank of Canada says government efforts to curb housing crisis will help ‘gradually’
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 …
Could Red Sea attacks reignite supply chain chaos?
Shipping traffic through the Red Sea has “plummeted” as Houthi militants step up their attacks on vessels in the region. American-led airstrikes have done little to deter the disruption and now the …
Cubans face soaring fuel prices as Canadian tourists swoop in for winter getaways
Whatever the weather in Cuba this February, people may be feeling gloomy about the cost of living. The Cuban government is set to raise fuel prices fivefold at the start of …
Israel and Hezbollah are on the brink of wider war after a week of threats and attacks
In many ways, it feels as though Israel and Hezbollah have been at war for months already. Almost constant, daily artillery and missile fire across the border with Lebanon has …
What does 2024 have in store for the Canadian economy?
It’s been a long time since economic data in Canada showed very much promise. The last 18 months have been defined by a cost of living crisis and a slowing …
Some mortgage rates are dropping, but renewed loans could keep economy slow
As some Canadian lenders expect central banks, such as the Bank of Canada, to lower influential interest rates in 2024, borrowers can expect a late Christmas present with lower rates on …
National pharmacare plan is in limbo as health minister calls pending deadline ‘arbitrary’
Health Minister Mark Holland signalled Tuesday the government is unlikely to meet the end-of-the-year deadline imposed by the NDP for passing pharmacare legislation — a condition of the supply-and-confidence agreement …
Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene
Nancy Paine’s short-term rental business is dead in the water. As co-founder and CEO of Victoria-based Superhost, Paine said she had been at the forefront of the Airbnb revolution for …