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Retailers urge Ontario to let stores reopen amid ‘economic carnage’ created by COVID-19 lockdowns

Retailers urge Ontario to let stores reopen amid ‘economic carnage’ created by COVID-19 lockdowns

February 8, 2021 | Posted by: Maurice Kwok

Members of Ontario’s provincial Parliament received hundreds of letters in recent days from business owners and staff urging the government to lift lockdowns of non-essential stores. Ontario Pr ...

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Telus International shares rise in market debut

Telus International shares rise in market debut

February 4, 2021 | Posted by: Maurice Kwok

Telus International Inc. T-T +0.52% soared in its public market debut on Wednesday after boosting the size of its initial public offering and pricing its stock at the top of its planned IPO ...

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Canadian home prices expected to keep rising this year, outpacing inflation

Canadian home prices expected to keep rising this year, outpacing inflation

February 3, 2021 | Posted by: Maurice Kwok

BENGALURU — Canadian house prices will continue their upwards march this year, outpacing inflation after hitting record highs in 2020, according to a Reuters poll of property market analysts who ...

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Toronto buyers looking to move east to Ajax

Toronto buyers looking to move east to Ajax

February 1, 2021 | Posted by: Maurice Kwok

28 Barden Cres., Ajax, Ont.Asking price: $849,900 (Nov. 2020)Selling price: $965,000 (Nov. 2020)Previous selling price: $479,500 (Jan. 2013); $348,000 (Feb. 2009); $318,329 (Oct. 2005) Taxes: $6 ...

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Mortgage deferrals fall sharply since worst days of COVID-19, many resume payments

Mortgage deferrals fall sharply since worst days of COVID-19, many resume payments

January 27, 2021 | Posted by: Maurice Kwok

The mortgage deferral cliff has flattened out. Canadian banks had 37,582 active mortgage deferrals on their books as of the end of December, or 0.8% of their residential mortgages, according to the C ...

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Freeland launches consultations on 2021 budget

Freeland launches consultations on 2021 budget

January 26, 2021 | Posted by: Maurice Kwok

Finance Minister Chrystia Freeland launched the government’s consultations on the 2021 budget Monday, while cautioning that promised stimulus support for sectors such as tourism may have to wait ...

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Buyer jumps the queue with brawny bid for updated Midtown Toronto semi

Buyer jumps the queue with brawny bid for updated Midtown Toronto semi

January 25, 2021 | Posted by: Maurice Kwok

240 Roselawn Ave., TorontoAsking price: $1,599,000 (Oct. 2020)Selling price: $1,960,000 (Oct. 2020) Previous selling price: $1,601,017 (July, 2016); $836,000 (August, 2013); $455,673 (May, 2003); $16 ...

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Canadians piling on mortgage debt as hot housing market continues

Canadians piling on mortgage debt as hot housing market continues

January 22, 2021 | Posted by: Maurice Kwok

Canadians have been taking on more and more mortgage debt despite the ongoing COVID-19 pandemic, as borrowers try to keep up with a housing market that took off in the latter half of 2020 and has yet ...

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Bank of Canada holds rates steady

Bank of Canada holds rates steady

January 20, 2021 | Posted by: Maurice Kwok

The Bank of Canada left its policy rate unchanged on Wednesday, while its medium-term outlook for the Canadian economy improved markedly due to vaccine approvals and increased fiscal stimulus. The ce ...

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Market eyes BoC ahead of possible policy rate microcut

Market eyes BoC ahead of possible policy rate microcut

January 18, 2021 | Posted by: Maurice Kwok

The Bank of Canada’s key policy rate is once again being scrutinized ahead of the monetary policy announcement on Wednesday, as recent comments by members of the bank’s governing council ...

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