canada

2023 Vancouver International Auto Show canceled due to supply chain issues

Organizers for the 2023 Vancouver International Auto Show announced Wednesday that the show is cancelled. The reason for the cancellation: ongoing supply chain issues within the automobile sector. Read more: GM EV announcement a ‘symbolic’ start to shift in auto sector “For the last several months, we have been working with vehicle manufacturers and other …

2023 Vancouver International Auto Show canceled due to supply chain issues Read More »

Opinion: In a future of electric vehicles, Canada is driving on a low battery

Canada is falling behind in the race for electrification.Haven Daley/The Associated Press Brian Kingston is president and CEO of the Canadian Vehicle Manufacturers’ Association. The electric vehicle (EV) transformation is rapidly picking up speed, with automakers committing an estimated US$1.2-trillion to electrification through 2030 to build tens of millions of electric vehicles, more than double …

Opinion: In a future of electric vehicles, Canada is driving on a low battery Read More »

Opinion: More taxes on real estate investment trusts won’t solve the housing crisis

Prime Minister Justin Trudeau tours a rental housing development in Vancouver on Feb. 11, 2019.JONATHAN HAYWARD/The Canadian Press Mark Kenney is the president and chief executive of Canadian Apartment Properties Real Estate Investment Trust (CAPREIT). The solution to the housing crisis is simple: We need more homes, of all kinds. At Canadian Apartment Properties Real …

Opinion: More taxes on real estate investment trusts won’t solve the housing crisis Read More »

Canada’s deep yield curve inversion adds to central bank’s rate hike dilemma

As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought but also the bond market’s clearest signal yet that recession and lower inflation lie ahead. Canada’s central bank says that the economy needs to slow down from overheated levels in order to …

Canada’s deep yield curve inversion adds to central bank’s rate hike dilemma Read More »

Emergency tools to help homeowners with growing mortgage payments include 40-year amortizations

Lenders and mortgage insurance providers are using emergency loan-modification options that will allow some struggling homeowners to extend their amortization periods, or reduce or defer payments, as mortgage payments soar along with interest rates. The measures, meant to stave off defaults and buy borrowers time to find solutions to their payment woes, are sometimes available …

Emergency tools to help homeowners with growing mortgage payments include 40-year amortizations Read More »

Forecasters split on how high Bank of Canada will push next rate hike

The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank.Justin Tang/The Canadian Press The Bank of Canada is expected to cap its tumultuous year with another interest-rate increase this week, although private-sector forecasters are split on how big the bank will go …

Forecasters split on how high Bank of Canada will push next rate hike Read More »

Bank of Canada expected to end year with one more rate increase, likely to stop hikes soon

The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a percentage point …

Bank of Canada expected to end year with one more rate increase, likely to stop hikes soon Read More »

Review: BMW 7 Series is the next benchmark for luxury driving, makes the decision to go electric easy

The 2023 BMW 760i.Mark Richardson/The Globe and Mail There’s only one gasoline engine available for Canadians in the new BMW 7 Series, and it’s a powerful V8. But, for the same money ($147,000), you can buy the all-electric i7 with its two powerful motors, and – I can’t believe I’m saying this – that is …

Review: BMW 7 Series is the next benchmark for luxury driving, makes the decision to go electric easy Read More »

Gas-station operator Parkland doubles plans to install rapid EV chargers in Western Canada

One of the country’s largest gas-station operators is doubling its plans to install rapid chargers for electric vehicles at its locations in Western Canada – a possible glimpse of a more convenient future for EV drivers nationwide struggling with inadequate infrastructure. Parkland Corp. PKI-T, which operates stations under brands such as Chevron, Esso and Pioneer, …

Gas-station operator Parkland doubles plans to install rapid EV chargers in Western Canada Read More »

A new COVID variant could emerge amid drop in surveillance, vaccination, WHO warns – National

World health authorities are closer than ever to being able to declare the emergency phase of COVID-19 over, but a growing decline in surveillance and vaccination could open the door to a new variant of concern, says the World Health Organization (WHO). There are many tools available to protect individuals from severe illness and to …

A new COVID variant could emerge amid drop in surveillance, vaccination, WHO warns – National Read More »