Canada’s banking regulator to tighten mortgage-HELOC rules to curb rising homeowner debt

Canada’s banking regulator to tighten mortgage-HELOC rules to curb rising homeowner debt

Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. The Canadian Real Estate Association says the pace of home sales fell in April as mortgage rates moved higher. THE CANADIAN PRESS/Jeff McIntoshJeff McIntosh/The Canadian Press The trendiest type of home equity line of credit is in the crosshairs of Canada’s … Read more

Tory finance critic Ed Fast steps down after criticizing Poilievre’s attacks on central bank – National

Tory finance critic Ed Fast steps down after criticizing Poilievre’s attacks on central bank – National

Conservative finance critic Ed Fast has stepped down from his role to focus on supporting leadership candidate Jean Charest, the party announced late Wednesday. In a statement, Interim Leader Candice Bergen said the longtime Abbotsford MP informed her of the decision earlier in the day, explaining he “would like to be able to offer more … Read more

Police take youth into custody, recover firearm at Bowness High School – Calgary

Police take youth into custody, recover firearm at Bowness High School – Calgary

One youth is in custody following what Bowness High School administration called an “emerging investigation” on Wednesday morning. And police have recovered a firearm from the incident. Calgary Police Service said officers were called to the school just before 10 am “after it was reported that a student was in possession of a firearm.” A … Read more

Canada moves to ban sanctioned Russian nationals from entering country – National

Canada moves to ban sanctioned Russian nationals from entering country – National

Canada is moving to ban Russian nationals sanctioned over the invasion of Ukraine from entering the country. Public Safety Minister Marco Mendicino announced the move on Tuesday, 82 days after Russian President Vladimir Putin launched an invasion of Ukraine, leading to a bloody and prolonged conflict. Over the course of the conflict, the Canadian government … Read more

Passport officers facing verbal abuse, stress, long hours as demand for passports skyrockets: Union

Passport officers facing verbal abuse, stress, long hours as demand for passports skyrockets: Union

The union representing Canada’s passport officers says its members are facing verbal abuse, stress and long hours as they continue to respond to an overwhelming surge in applications prompted by an uptake in travel after the lifting of many COVID-19 restrictions. For weeks, travelers have taken to social media to complain about the slow turnaround … Read more

Winds snuff out Calgary Flames Red Lot ahead of Battle of Alberta Game 1 – Calgary

Five thousand Alberta hockey fans will need to find another place to watch Game 1 of the Battle of Alberta Wednesday night after the Calgary Flames canceled the outdoor Red Lot viewing party. “Due to extremely high and damaging winds at Stampede Park, the Red Lot Community Viewing Party will, unfortunately, be canceled for the … Read more

Canada’s inflation rate hits new 31-year high in April as grocery prices soar

Canada’s inflation rate hit a new 31-year high in April as groceries and other everyday items escalated in price, a troubling development for many workers who aren’t seeing their wages keep pace and for central bankers trying to bring inflation back to target levels. The Consumer Price Index rose 6.8 per cent in April from … Read more

How the housing slowdown could hobble Canada’s economy

Home sales fell nationwide by 12.6 per cent in April from March, with even steeper pullbacks seen in Toronto and Vancouver markets.Richard Buchan/The Canadian Press The housing downturn that’s taking root across Canada will act as a headwind to economic growth this year, following a period in which real estate powered the economic recovery from … Read more

Can Turkey stop Finland, Sweden from joining NATO? Why it’s seeking ‘bargains’ – National

Last month, the head of the NATO said Sweden and Finland would be “warmly welcomed” if the countries decided to apply for membership in the military alliance. Now, it appears at least one NATO nation doesn’t feel the same way. Read more: As Finland, Sweden move to join NATO, Turkey says it will veto bid … Read more

BC dad spreads love, acceptance after only 1 child came to his son’s birthday

A BC dad said he hopes that by sharing a recent experience about his son’s birthday party, he can help bring about some change for those who may be viewed as different. David Chen is a dad of four, three with special needs, he explained. One of them, Max, is in kindergarten this year. Max, … Read more