An economist says the Canadian housing market could be in for a rebound this year after a cautious 2023.
T-D Bank economist Rishi Sondhi says that optimism depends largely on the forecasts of the Bank of Canada cutting interest rates, which may begin as early as the second quarter.
Home prices softened in several areas late last year, including in the Fraser Valley.
Vancouver Realtor Tim Hill says he is optimistic of consumer sentiments slowly shifting as prices improve in recent months.
Canada's financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures. The penalty is the second the Financial Transactions and Reports Analysis Centre of Canada has announced this week after RBC's $7.4-million fine was publicized on Tuesday.
A new federal report says cyberthreat activity targeting elections is increasing worldwide, and is now more likely to be seen in Canada's next federal ballot. The report by the Canadian Centre for Cyber Security found that in 2022 slightly over one-quarter of all national elections globally had at least one reported cyberincident.
The long-promised cap on greenhouse gas emissions for Canada's oil and gas sector will begin as early as 2026 and use a cap-and-trade system that applies by facility, a federal government source said Wednesday. The outline for the policy that the government is set to publish Thursday will show that industry will not be asked to cut emissions as deeply as planned under last year's emissions reduction report, said the source.
The number of Canadians with at least one disability has doubled in 10 years, a reality that should push governments to help reduce barriers to accessibility, says the head of a human rights organization. Statistics Canada data shows that 27 per cent of people 15 and older — about eight million Canadians — reported having at least one disability in 2022, about twice the percentage of people who reported a disability 10 years ago.
B.C. Conservative Leader John Rustad says Premier David Eby and Opposition BC United Leader Kevin Falcon are both looking over their shoulders at the political gains being made by the new kid on the block. Rustad says the presence of his two-member Conservative caucus has stirred debate and changed dialogue at the legislature and the party appears to be gaining momentum with voters as British Columbia's scheduled fall election approaches.
The B.C. Coroners Service had been "forever altered" by the public health emergency that continued to take the lives of people of all ages across the province, including more than 2,000 deaths so far this year, Lapointe said in a statement Wednesday. B.C. declared a drug overdose public health emergency in April 2016. Latest numbers show the loss of 13,317 lives, at a current rate of more than six people a day.