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Home sales hit record last month, CREA says

Home sales hit record last month, CREA says

Canada November 15, 2016 at 7:12 pm 0 comments

OTTAWA — The number of homes sold throughout the country last month hit a record for October, the Canadian Real Estate Association said Tuesday. There were 42,473 residential properties sold last month through the association’s Multiple Listing Service, up two per cent year-over-year. Sales were up from October 2015 levelsRead More

RBC to increase fixed mortgage rates as of Thursday

RBC to increase fixed mortgage rates as of Thursday

Canada November 15, 2016 at 7:07 pm 0 comments

TORONTO – Royal Bank (TSX:RY) is hiking mortgage rates and making it more expensive for homebuyers who want to take more than 25 years to pay back their loan. The bank is raising its special offer for a five-year fixed rate mortgage to 2.94 per cent, an increase of 30Read More

Trudeau hopes to attract billions in private capital for infrastructure projects

Trudeau hopes to attract billions in private capital for infrastructure projects

Canada November 14, 2016 at 5:51 pm 0 comments

TORONTO — Justin Trudeau and nine members of his cabinet are in Toronto today to meet with some of the world’s most powerful institutional investors with trillions of dollars at their disposal. The prime minister is hoping to persuade some two dozen representatives of large international pools of capital thatRead More

Toronto remains child poverty capital of Canada

Toronto remains child poverty capital of Canada

Canada November 14, 2016 at 5:51 pm 0 comments

Toronto:- Toronto-based social agencies are speaking out against potential budget cuts to city services following the release of a report on child poverty. On Monday, The Children’s Aid Society of Toronto, Family Service Toronto, Social Planning Toronto, and Colour of Poverty – Colour of Change released a report titled ‘DividedRead More

Fraud trial underway for ex-Montreal mayor Michael Applebaum

Fraud trial underway for ex-Montreal mayor Michael Applebaum

Canada November 14, 2016 at 5:49 pm 0 comments

MONTREAL – The fraud trial for former interim Montreal mayor Michael Applebaum is underway. More than three years after his June 2013 arrest, Applebaum’s two-week trial began today with his ex-chief of staff taking the stand. The Crown says it intends to prove the longtime local politician accepted cash inRead More

David Baazov makes $24-per-share takeover offer for Amaya

David Baazov makes $24-per-share takeover offer for Amaya

Canada November 14, 2016 at 5:48 pm 0 comments

MONTREAL — The founder and former chief executive of online gaming firm Amaya Inc. has made a takeover offer for the company that values the company at about $3.48 billion. David Baazov, who resigned from the company in August, is leading a group of investors that has offered $24 perRead More

Tory arrives in Israel for week-long trade mission

Tory arrives in Israel for week-long trade mission

Canada November 12, 2016 at 7:56 pm 0 comments

Toronto: Mayor John Tory has arrived in Israel to begin a week-long trade mission to the Middle Eastern country. Tory is visiting Israel along with Montreal Mayor Dennis Coderre and Toronto city councillors James Pasternak, Josh Colle and Christin Carmichael Greb. The delegation also includes 50 representatives from Toronto’s businessRead More

Theft of Casino Rama data sparks proposed class action

Theft of Casino Rama data sparks proposed class action

Canada November 12, 2016 at 7:56 pm 0 comments

TORONTO — Class-action lawyers wasted little time Friday in jumping on word of a cyberattack on an Ontario casino in which sensitive information was stolen. The lawyers announced plans for a proposed lawsuit that would seek $50 million in damages from Casino Rama north of Toronto, and began asking possibleRead More

Police arrest man running ‘420 Delivery’ marijuana vending cart in Victoria, B.C.

Police arrest man running ‘420 Delivery’ marijuana vending cart in Victoria, B.C.

Canada November 12, 2016 at 7:53 pm 0 comments

VICTORIA — The public may be used to seeing ice cream carts or beer carts at events on hot summer days, but not carts selling illicit substances. Victoria Police say they arrested a man peddling a marijuana cart that was decorated with the name “420 Delivery” in large type onRead More

Crowdfunding page established for mom of girl found dead in Saskatchewan

Crowdfunding page established for mom of girl found dead in Saskatchewan

Canada November 12, 2016 at 7:44 pm 0 comments

NIPAWIN, Sask. — A crowdfunding page has been set up to support the mother of a seven-year-old girl who was found dead in a northeastern Saskatchewan home. Police had issued an Amber Alert for Nia Eastman on Thursday after she was not returned to her mother the night before. Nia’sRead More