Economy

Economy · 14 d ago

Loozrboy from Toronto, Canada · CC BY-SA 2.0 · Wikimedia Commons

GTA high-rise sales hit a record low as Ontario eyes a modest housing rebound

5 pages

Only 129 new high-rise units sold in the Greater Toronto Area in September, a record low for the month. That is 90 per cent below the 10-year average, according to the Building Industry and Land Development Association.

Economy · 15 d ago

More Canadians are falling behind on their mortgages

6 pages

Some 0.29 per cent of Canadian mortgages were in arrears in September, double the 0.14 per cent of August 2022, according to the Macdonald-Laurier Institute's Benchmark Canada project.

Economy · 15 d ago

Dillan Payne · CC BY-SA 4.0 · Wikimedia Commons

Canadian house prices have outpaced most developed countries, CMHC finds

6 pages

House prices in Canada have more than doubled since 2005, faster than in most developed countries, according to research from the Canada Mortgage and Housing Corporation.

Economy · 15 d ago

Matthew Smith @ Flickr · CC BY 2.0 · Wikimedia Commons

Qatar warns the energy shock from the Iran war has yet to peak

6 pages

“We haven't reached the peak with respect to energy,” said Sheikh Saoud bin Abdulrahman Al Thani, Qatar's deputy prime minister, warning of more fallout in the coming months.

Economy · 15 d ago

Fuel costs from the Iran war add up for US households ahead of the midterm elections

5 pages

On Friday, US gasoline averaged 45 per cent above its prewar level and diesel 68 per cent, according to the motoring group AAA.

Economy · 15 d ago

Chris Olszewski · CC BY-SA 4.0 · Wikimedia Commons

National Australia Bank cuts 2,500 jobs

5 pages

National Australia Bank (NAB) will cut up to 2,500 jobs, about 6 per cent of its workforce, with up to 1,500 to go before the end of 2026.

Economy · 15 d ago

Global food prices are set to climb faster into 2027

5 pages

The UN Food and Agriculture Organization's food price index averaged 136 points in September, its highest reading since November 2022.

Economy · 15 d ago

JPMorgan Chase puts US$5 billion into companies tied to US national security

4 pages

Its new stakes include next-generation defence technology, distributed battery storage, automated manufacturing and frontier technologies.