TORONTO – The Bank of Canada’s one percent interest rate hike on Wednesday took many by surprise (the institute had predicted a lower increase) and is likely to have a major financial impact for many Canadians. Also an economist, finally, says it. “It will have an immediate and rather dramatic effect on loan costs for many people,” Stephen Brown, a senior Canadian economist at Capital Economics, told CTV‘s “Your Morning” today, stating what everyone knows but few say openly: Canadian central bank interest rate hike raises mortgage and loan repayments: it’s so obvious. (more…)
TORONTO – This has to have been one of the sleepiest election campaigns in Ontario’s provincial electoral history. The first clue is the over-dependence on “sloganeering” in lieu of discussions that capture the essence of the province we want to build and how we plan to do it.
TORONTO – They must have waited until the last minute to secure maximum effect… biggest bang for the event’s buck, so to speak. In part, it worked. An estimated 400 people turned out for the announcement and for Steven Del Duca’s kick-off speech.
From words to deeds. Since the work of three school trustees of the San Francisco School Board left something to be desired, the residents of the city decided to relieve them of their duties. Their wrong, according to the citizens, was to have given space to “wrong priorities” and to have “put progressive politics before children”.
TORONTO – Traditionally, media outlets have relied on advertising as a main source of funding for years. They have increasingly moved to government subsidy models through which federal funding has become essential to their survival. But there is increasing pressure on the Federal Government to act on the issue of news media remuneration.