Darpan News Desk The Canadian Press, 09 Oct, 2023 10:14 AM
It is a conundrum that has faced countless homebuyer in recent years -- choosing a fixed- or variable-rate mortgage
That question has taken on even more significance following the Bank of Canada's recent run on rate hikes.
Meridian Credit Union's Allison Van Rooijen says she's seeing borrowers increasingly opt for fixed-rate mortgages because of the stability they offer.
Another trend she notices among fixed-rate borrowers is they're opting for shorter terms than the typical five-year loan as they take a wait-and-see approach to where interest rates are headed next.
New Westminster Police are seeking witnesses after a person was assaulted by a group of young people onboard a bus. Police say the victim suffered minor injuries from the incident, which happened around 6:30 p-m Sunday.
Canada is helping to finance two new nuclear reactors in Romania, which that country's energy minister says will help diminish Russia's ability to use its energy exports as a weapon. Canadian Energy Minister Jonathan Wilkinson signed the $3-billion deal with his Romanian counterpart, Sebastian Burduja, in Ottawa today.
British Columbia's attorney general says the community is reeling over news that the Canadian government is investigating a link between the shooting death of Sikh leader Hardeep Singh Nijjar and the government of India, although insiders say it's not a surprise. Niki Sharma says the link is shocking and every B.C. resident has the freedom to express their political views without the threat of violence and harm.
Vancouver police say 15 people have been charged with mischief for riot-like violence when a headline performer suddenly pulled out of a music festival at the P-N-E last summer. Police say the resulting mayhem and property destruction caused an estimated 300-thousand dollars damage at the P-N-E amphitheatre and in the surrounding neighbourhood.
Ukraine's President Volodymyr Zelenskyy is set to visit Canada this week after stops at the United Nations and the White House. This would be Zelenskyy's first trip to Canada since Russia began its large-scale invasion of Ukraine in February 2022, although the leader delivered a virtual address to Parliament the next month.
Trudeau's announcement is spurring calls from B.C.'s Sikh community to better protect its members. British Columbia Premier David Eby is also among those expressing concern. He said Monday he had received a briefing from Canada's spy agency about the "assassination" of Nijjar and was "deeply disturbed" by what he was told.
