Canada Cuts Interest Rates, Loosens Mortgage Rules to Boost Housing Sales
The Bank of Canada cut interest rates by 50 points to 3.25 percent, while the federal government loosened mortgage rules, allowing smaller down payments and longer repayment terms. The central bank expects these actions to increase housing sales in 2025.
Canada Cuts Interest Rates, Loosens Mortgage Rules to Boost Housing Sales
The Bank of Canada cut interest rates by 50 points to 3.25 percent, while the federal government loosened mortgage rules, allowing smaller down payments and longer repayment terms. The central bank expects these actions to increase housing sales in 2025.
Progress
40% Bias Score
Canadian Household Interest Payments Decline as Debt-to-Income Ratio Falls
Canadian household interest payments fell 0.6% to $176.9 billion in Q3 2023, the debt-to-income ratio dropped to 1.73, and the savings rate hit a three-year high of 7.1%, suggesting improved financial health despite income inequality and upcoming mortgage resets.
Canadian Household Interest Payments Decline as Debt-to-Income Ratio Falls
Canadian household interest payments fell 0.6% to $176.9 billion in Q3 2023, the debt-to-income ratio dropped to 1.73, and the savings rate hit a three-year high of 7.1%, suggesting improved financial health despite income inequality and upcoming mortgage resets.
Progress
36% Bias Score
"Canada's Fiscal Irresponsibility: $20 Billion Deficit Overrun Exposes Systemic Issues"
"Canada's federal government has abandoned its fiscal anchors, resulting in a projected deficit of $60 billion, exceeding its target by $20 billion despite a $45-billion increase in GDP; this is driven by a pattern of short-sighted spending decisions, leaving the country vulnerable to economic shock...
"Canada's Fiscal Irresponsibility: $20 Billion Deficit Overrun Exposes Systemic Issues"
"Canada's federal government has abandoned its fiscal anchors, resulting in a projected deficit of $60 billion, exceeding its target by $20 billion despite a $45-billion increase in GDP; this is driven by a pattern of short-sighted spending decisions, leaving the country vulnerable to economic shock...
Progress
60% Bias Score
Falling Rents Prompt Cautious Approach to Canadian Apartment REITs
Scotiabank analyst Mario Saric advises patience in the apartment REIT market due to falling rents, expecting positive rent growth is needed for improved trading multiples; his top picks for 2025 are IIP and CAR.
Falling Rents Prompt Cautious Approach to Canadian Apartment REITs
Scotiabank analyst Mario Saric advises patience in the apartment REIT market due to falling rents, expecting positive rent growth is needed for improved trading multiples; his top picks for 2025 are IIP and CAR.
Progress
44% Bias Score
NDP Seeks Permanent GST Rebate, Expanded $250 Cheque
The NDP introduced a motion to make the government's temporary GST rebate permanent and expand a proposed $250 rebate to more Canadians, costing an estimated $6.28 billion and facing opposition from the Conservatives and Bloc Québécois.
NDP Seeks Permanent GST Rebate, Expanded $250 Cheque
The NDP introduced a motion to make the government's temporary GST rebate permanent and expand a proposed $250 rebate to more Canadians, costing an estimated $6.28 billion and facing opposition from the Conservatives and Bloc Québécois.
Progress
44% Bias Score
VersaBank Stock Soars on U.S. Expansion
VersaBank's stock price has more than doubled in the past year, reaching near all-time highs, driven by its US$14-million acquisition of Stearns Bank and expansion into the U.S. market with its receivables purchase program, despite lower-than-expected Q4 earnings due to deal costs.
VersaBank Stock Soars on U.S. Expansion
VersaBank's stock price has more than doubled in the past year, reaching near all-time highs, driven by its US$14-million acquisition of Stearns Bank and expansion into the U.S. market with its receivables purchase program, despite lower-than-expected Q4 earnings due to deal costs.
Progress
24% Bias Score
"B.C. boosts film tax credits to attract major productions"
"British Columbia increased tax credits for film and TV productions to 36% for international projects and 36% for Canadian content, adding a 2% bonus for projects over $200 million, effective January 1, 2025, aiming to boost the industry after a year of challenges and restore previous regional tax c...
"B.C. boosts film tax credits to attract major productions"
"British Columbia increased tax credits for film and TV productions to 36% for international projects and 36% for Canadian content, adding a 2% bonus for projects over $200 million, effective January 1, 2025, aiming to boost the industry after a year of challenges and restore previous regional tax c...
Progress
44% Bias Score
B.C. Rental Market Sees Decline as New Units and Regulations Impact Investors
In British Columbia's housing market, declining rental rates, especially in luxury downtown Vancouver condos, are impacting investors due to increased purpose-built rental units, fewer international students, and stricter short-term rental rules; some landlords offer incentives to fill suites, while...
B.C. Rental Market Sees Decline as New Units and Regulations Impact Investors
In British Columbia's housing market, declining rental rates, especially in luxury downtown Vancouver condos, are impacting investors due to increased purpose-built rental units, fewer international students, and stricter short-term rental rules; some landlords offer incentives to fill suites, while...
Progress
52% Bias Score
Canada Sells Remaining Air Canada Stake at Profit
The Canadian government fully divested its 6% stake in Air Canada, selling 14 million shares over two days for an average of $25.02 per share, generating a profit on its initial $500 million investment made in April 2021 as part of a pandemic bailout package.
Canada Sells Remaining Air Canada Stake at Profit
The Canadian government fully divested its 6% stake in Air Canada, selling 14 million shares over two days for an average of $25.02 per share, generating a profit on its initial $500 million investment made in April 2021 as part of a pandemic bailout package.
Progress
28% Bias Score
Canada Unemployment Rate Jumps to Multiyear High Amid Strong Job Growth
Canada's unemployment rate surged to a 6.8 percent in November, its highest since January 2017, despite adding nearly 51,000 jobs; this development is likely to prompt another substantial interest-rate cut by the Bank of Canada.
Canada Unemployment Rate Jumps to Multiyear High Amid Strong Job Growth
Canada's unemployment rate surged to a 6.8 percent in November, its highest since January 2017, despite adding nearly 51,000 jobs; this development is likely to prompt another substantial interest-rate cut by the Bank of Canada.
Progress
36% Bias Score
Canada Unemployment Jumps to 6.8%, Fueling Rate-Cut Bets
Canada's unemployment rate unexpectedly rose to 6.8 percent in November, the highest since 2017, despite a 50,500 job increase, prompting increased expectations for a significant interest rate cut by the Bank of Canada next week.
Canada Unemployment Jumps to 6.8%, Fueling Rate-Cut Bets
Canada's unemployment rate unexpectedly rose to 6.8 percent in November, the highest since 2017, despite a 50,500 job increase, prompting increased expectations for a significant interest rate cut by the Bank of Canada next week.
Progress
36% Bias Score
Canada's Productivity Crisis: The Urgent Need for Expanded Philanthropic Investment
The Bank of Canada declared a productivity emergency, urging increased investment in research and innovation. Philanthropy, while impactful (e.g., Killam Trusts' $1B+ disbursement), needs to significantly expand to close Canada's advanced degree gap (12% vs. OECD's 16%) and achieve needed 800,000 ad...
Canada's Productivity Crisis: The Urgent Need for Expanded Philanthropic Investment
The Bank of Canada declared a productivity emergency, urging increased investment in research and innovation. Philanthropy, while impactful (e.g., Killam Trusts' $1B+ disbursement), needs to significantly expand to close Canada's advanced degree gap (12% vs. OECD's 16%) and achieve needed 800,000 ad...
Progress
60% Bias Score