Canada

07 Feb Bank of Canada says housing affordability is about boosting supply, not lowering interest rates

Posted at 09:00h in Canada

Canada's real estate market is notoriously unhinged. Home prices are up more than 35 per cent in just four years. Mortgage interest costs are up 30.9 per cent year over year. And rental prices are continually hitting record highs.As inflation comes under control, there is a growing...

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07 Feb Should manufacturers do more to stop vehicle theft? Updated rules could force them

Posted at 09:00h in Canada

Samantha Sannella loves Jeeps — she's had four in the last eight years — and she knows that thieves covet them, too. In fact, one Jeep disappeared from in front of her Toronto home."My previous jeep — which I love, love, loved — was stolen the first...

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06 Feb Boeing needs ‘heightened level of oversight,’ says top U.S. aviation regulator

Posted at 23:01h in Canada

The new chief of the U.S.  Federal Aviation Administration (FAA) said his agency is midway through a six-week audit of manufacturing at Boeing, but he already knows that changes must be made in how the government oversees the aircraft manufacturer.FAA administrator Michael Whitaker suggested that...

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06 Feb Colorado fines Suncor $10.5 million US for air pollution violations

Posted at 16:51h in Canada

The state of Colorado is fining Suncor Energy Inc. $10.5 million US for air pollution violations.In a news release, the Colorado Department of Public Health and Environment says the fine concerning Suncor's Commerce City refinery is for violations from July 2019 through June 2021.The department...

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06 Feb Meta will label AI-generated images from OpenAI, Google and other companies

Posted at 14:03h in Canada

Meta Platforms will begin detecting and labelling images generated by other companies' artificial intelligence services in the coming months, using a set of invisible markers built into the files, its top policy executive said on Tuesday.Meta will apply the labels to any content carrying the...

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06 Feb Marine Stewardship Council pauses new standards for seafood sustainability

Posted at 10:00h in Canada

The Marine Stewardship Council (MSC), whose blue check mark is a global symbol of seafood sustainability, has been forced to pause and rework its latest fisheries standard less than a year after it was launched.The London-based non-profit organization is responding to complaints by fishing industry...

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05 Feb ‘Shocking’: Air Canada CEO blasted over accessibility services at House committee

Posted at 23:44h in Canada

Lawmakers took Air Canada's CEO to task on Monday over "shocking" and "scandalous" failures to accommodate passengers living with disabilities.At a House of Commons committee hearing on services for Canadians with disabilities, chief executive Michael Rousseau faced a barrage of questions over reports of passenger...

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05 Feb Manulife will cover specialty drugs filled at any pharmacy following backlash to Loblaw deal

Posted at 17:02h in Canada

Manulife will cover specialty drugs filled at any pharmacy, the insurance company said Monday, backtracking on its decision to only cover drugs filled at Loblaw-owned pharmacies less than a week after the exclusivity deal was announced.The company said in a statement posted on its website that it...

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05 Feb No snow, no problem: Ski resorts push season passes over pay-as-you-go tickets to secure sales

Posted at 09:00h in Canada

For many skiers, the days of strolling up to the hill and buying a lift ticket are winding down, as the industry tries to hedge its bets against crummy snow conditions by locking in sales weeks or even months ahead of time.Season passes have been around...

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04 Feb Government extends ban on foreign buying of Canadian housing

Posted at 16:22h in Canada

The federal government is extending its ban on foreign home purchasing in Canada, Finance Minister Chrystia Freeland announced in a release Sunday.The rule, which was first announced in 2022, will now be extended until the beginning of 2027. It bans foreign nationals and commercial enterprises from...

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