OTTAWA – After decades of postponements, delays and second thoughts, Canada has finalized the agreement to replace its aging fleet of CF-18 fighters with 88 Lockheed Martin F-35s that will begin arriving in the next few years: the purchase of aircraft will cost 19 billion dollars, but the bulk of the expenditure will be maintenance which should amount to around 70 billion. (more…)
Vaughan Elections, Danny De Santis: “Traffic, crime and the cost of living: we need a turning point”
TORONTO – Traffic reduction, fight against crime, aid to counter the increase in the cost of living. These are the pillars of the program platform presented by Danny De Santis (in the pic above), candidate for the office of Mayor of Vaughan in the next elections on October 24th. De Santis’ program starts from the assumption of a progressive “disconnection between politicians and the people”, and the consequent need to mend this relationship that has deteriorated in recent years in the city administration.
TORONTO – Inflation at 7.7%, skyrocketing prices and Bank of Canada which continues to increase the “key” rate of interest – now at 1.5% – to stem the problem by creating, in fact, another one: the increase in mortgage payments and loans for Canadian families. In short, a “perfect storm”. The question is: when will the clear sky return? (more…)
TORONTO – For the first time, the average sale price of a single-family home in the city of Toronto has hit the $2 million mark, although there was a slight cooling in the region’s real estate market in February. Although it was the second busiest February ever recorded for home sales (9,097), there were 16.8% fewer deals than last year’s record month, but up 61.4% from the previous month.