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.
British Columbia Premier David Eby says it's unfair that Atlantic Canada is being targeted for federal relief on heating bills that won't apply to B.C., after Ottawa announced a three-year pause on carbon pricing for home fuel oil. The pause announced last week applies to the 10 provinces and territories where the federal fuel charge applies, although home fuel oil usage is more prevalent in Atlantic Canada.
Prime Minister Justin Trudeau is expected to welcome the top two leaders of the European Union to Newfoundland next month. European Commission President Ursula von der Leyen is to visit St. John's alongside European Council President Charles Michel in late November.
A small plane has crashed in Surrey injuring the lone person on board. RCMP say they responded to reports of the crash Monday afternoon near Crescent Beach in south Surrey.
One man has been arrested after crashing into a community policing office in Langley and running away, leaving an injured woman in the vehicle. Langley R-C-M-P say officers were called to the Aldergrove Community Policing office Sunday evening, where they found several witnesses helping the woman.
Bank of Canada Governor Tiff Macklem says fiscal and monetary policy are rowing in opposite directions, making it harder to bring inflation down. Macklem is appearing before MPs on the House of Commons finance committee after the Bank of Canada's recent rate decision and quarterly economic projections.
Foreign Affairs Minister Mélanie Joly said in a Monday speech to the Economic Club of Canada in Toronto that a humanitarian agreement is urgently needed to help people in the Hamas-controlled Gaza Strip, which is home to more than two million Palestinians. Israel declared war against Hamas after the Oct. 7 attacks, in which more than 1,400 Israelis were killed and 222 taken hostage, according to the Israeli government.