Federal Housing Funds May Bypass Key Cost Condition, Expert Warns
The federal government’s $283 million investment promises to unlock 63,000 new homes in Toronto, but a leading housing economist argues it may not address the primary barrier stopping construction: development charges that have soared to record levels. Dr. Mike Moffatt, founding director of the Missing Middle Initiative, argues the funding structure reveals a fundamental contradiction […]
Canada Dead Last in OECD Economic Growth Projections for Next Four Decades
Long-term forecasts from the Organization for Economic Co-operation and Development show Canada will post the weakest per capita economic growth among developed nations for the next four decades. The OECD forecasts Canada will see real GDP per capita expand by just 0.7% annually from 2020 to 2030, ranking it last among the organization’s 38 member […]
Gulf States Warn Trump’s Gaza Plan Is Collapsing
Saudi Arabia, the United Arab Emirates, and Bahrain warned the US that President Donald Trump’s post-war Gaza plan is in danger of collapse and that they will not finance reconstruction while Hamas retains weapons and territorial control. Messages sent to Washington said mediators had been too lenient with Hamas on disarmament and enforcement. The warnings […]
US Pledges To “Make Argentina Great Again” As Treasury Buys Pesos At Blue Chip Rate
The US bought Argentine pesos at the parallel “blue chip swap” rate, Treasury Secretary Scott Bessent said on X as Washington aims to stand with the South American nation to “make Argentina great again.” Bessent disclosed in a post on X that the Treasury also purchased pesos in spot markets and said the department has […]
MrBeast Files Trademark Application for Financial Services App
YouTube star MrBeast has filed a trademark application for a mobile banking platform that would offer cryptocurrency trading, lending services, and traditional banking features to his massive young audience. Beast Holdings LLC, the company owned by creator Jimmy Donaldson, submitted the “MrBeast Financial” application on October 13 to the US Patent and Trademark Office. Donaldson […]
Carney Rebuffs Ford’s Call to Hit Back at US Over Tariffs
Prime Minister Mark Carney on Thursday rejected calls from Ontario Premier Doug Ford to impose retaliatory tariffs on the United States, saying Canada should prioritize ongoing trade negotiations over escalation. “There’s times to hit back and there’s times to talk, and right now is the time to talk,” Carney told reporters at a news conference […]
Capital Relief Is Coming As US Bank Regulators Readies Leverage Ratio Cut
US bank regulators are set to propose cutting the Community Bank Leverage Ratio to 8% from 9%, a change that would deliver capital relief to community lenders and encourage more credit growth. The Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency would jointly issue the proposal for public comment […]
Scotiabank Cuts More Jobs in Canada
Scotiabank (TSX: BNS) has begun cutting positions in its Canadian banking operations, the latest phase of a sweeping overhaul at the nation’s third-largest lender aimed at boosting profits. The cuts, which began in recent weeks, are affecting multiple departments, with employees reporting layoffs in information technology roles at mid-level positions, according to social media posts […]
Watchdog Group Renews Push for Independent Prosecutor in Trudeau SNC-Lavalin Case
A Canadian advocacy group is challenging Ontario prosecutors’ decision to halt a private criminal case against former Prime Minister Justin Trudeau over the 2018 SNC-Lavalin affair, calling for an independent special prosecutor to review allegations of obstruction of justice. Democracy Watch announced this week it has sent a new letter to Ontario Attorney General Doug […]
Heliostar Updates Economic Model For La Colorada, Boosting NPV To US$243 Million At $3,500 Gold
Heliostar Metals (TSXV: HSTR) this morning released an updated economic assessment on their La Colorada Mine, highlighted by a base case net present value of US$66.2 million and an IRR of 24.4% at $2,300 gold, alongside a payback period of 3.4 years. At $3,500 gold, that net present value is said to climb to US$243.3 […]