Canada Financial News

interest rates and resilient home prices mean most Canadians are getting less for their homes at the $1-million benchmark, according to a new Royal LePage report.The analysis comes as would-be homebuyers continue to struggle with housing affordability, which market watchers say worsened again at the end of last year.Royal LePage released a study Thursday morning that reviewed the average square footage, bathrooms and bedrooms available for homes listed around the $1-million price tag (give or take $50,000 or so) in major cities across Canada in December 2023.The national average for a million-dollar home comes with an average of 3.2 bedrooms, 2.6 bathrooms and 1,760 square feet of space, according to the national real estate brokerage.That’s relatively consistent with a similar report from last year, but in most cities, the amount of space available in the typical $1-million home shrank year-over-year.And across those cities, there was a steep variability between what homebuyers are getting for a million dollars.“It is all about perspective,” Karen Yolevski, COO of Royal LePage, tells Global News. “Depending on where you are in Canada, where you may be looking for a home, $1 million can mean something dramatically different.”Coming in at the bottom of the pile was the core of Vancouver, which offers an average 900 square feet of space at the million-dollar mark.

There is a large literature on the varieties of capitalism seen around the world. In their Introduction to the much-cited volume on Varieties of Capitalism (Oxford University Press, UK, 2001), Hall and Soskice classified capitalist countries into two broad groups: Liberal market economies (LMEs) such as the US, UK, Canada, Australia, New Zealand, and coordinated market economies (CMEs) such as Germany, France, Japan, Sweden and Austria. In LMEs, firms coordinate their interaction with each other and other stakeholders through hierarchies and the market.

Red Sea. Whereas, trade in sectors like metals and textiles are the least affected sectors because of the Red Sea crisis. Also Read: Red Sea crisis: Canada asks Beijing to influence Houthis, 'It's in China's interests' The report pointed out that a sustained disruption in trade routes may lead to extended delays in the delivery of goods, hence impacting players within the capital goods sector.

tribute to a 98-year-old said to be Waffen SS member in the House of Commons.Prime Minister Justin Trudeau apologized, and said he would consider releasing Canada’s Nazi war crimes files.So far the government’s only action has been to further declassify a study prepared for Canada’s 1987 Commission of Inquiry on War Criminals.The gaffe in Parliament resurrected a painful lapse in Canada’s post-war history: the failure to keep out or prosecute those who played a role in the Holocaust.In the decades following the war, Jewish groups alerted the government to the Nazis and collaborators who had slipped into Canada: an Auschwitz commander, a Gestapo member, soldiers, and camp guards.Their alleged crimes included torture, executions, massacres, liquidation of Jewish ghettoes and “participating in the extermination of Jews,” according to government records.Some of the allegations were specific. One suspect was accused of “having two women hosed down overnight with cold water for acts of sabotage” in Austria.

Warning: This story deals with disturbing subject matter that may upset and trigger some readers. Discretion is advised.

attacks on Indian students in America have risen in the recent past and the UK's economy is still struggling to recover from the mild recession it was reeling under — it is perhaps the time for Indian students to reassess the conventional study destinations of America, UK and Canada. Overall, there are 13.2 lakh Indian students currently studying abroad out of which 4.6 lakh are in the USA and 1.83 lakh students in Canada, World Bank blog data shows. There are a total of 423 higher education institutions in Germany, including 108 universities, 211 universities of applied sciences and 52 colleges of art and music.

Apple has launched a new Apple Sports app that gives sports fans access to real-time scores, stats, odds and more right from their lock screen. The new Sports app is free and doesn't come with any ads for now, and is initially available to iPhone users in the US, UK and Canada.

By Maiya Keidan

Canadians might have to pay more for chocolate and candies this Easter as manufacturers feel the crunch of high cocoa prices, which peaked earlier this month.

Millennials are now the dominant generation in the country, Statistics Canada says.

Bitcoin is riding high. The world's largest cryptocurrency has leapt 22% this year to $52,005, pushing it past a market value of $1 trillion mark for the first time since its record heyday of late 2021.

Boeing 737 MAX-8 jets in March 2019, staff at his department prepared three very different speeches.They outlined three different scenarios: restricting the aircraft from Canadian airspace, as many countries already had, declaring the MAX-8 safe to fly, as the Americans did, or allowing the aircraft to operate “only if certain standards were met.”The speeches are part of a newly released trove of internal documents on the federal government’s decision to ground the Boeing jets following a deadly 2019 crash in Ethiopia that killed 18 Canadians.Next month marks the fifth anniversary of the disaster.It’s not unusual for staff to draft multiple versions of speeches for ministers. But the fact that each of Garneau’s three prepared remarks contained vastly different decisions on the grounding of the MAX-8 illustrates the uncertainty at Transport Canada over the jets’ safety.Emails, memos and briefing notes obtained by Global News through access to information law show three days of flurried activity at Transport Canada as the agency’s position continuously evolved.

COVID-19 vaccines that emerged as a beacon of hope in the fight against the deadly virus during the pandemic are back in the news again following a new study that has linked the shots to rare brain, heart and blood disorders, Vaccine, a science journal, reported last week. The journal reported that researchers from the Global Vaccine Data Network—a research arm of the World Health Organization—found that the COVID-19 vaccines aggravated 13 medical conditions that were considered “adverse events of special interest." The study conducted on 99 million vaccinated people from eight countries: Argentina, Australia, Canada, Denmark, Finland, France, New Zealand and Scotland, reported that people who received certain types of mRNA vaccines were found to have a higher risk of myocarditis, which is inflammation of the heart muscle.

For years U.S. drivers have been getting a gift at the expense of their northern neighbor—artificially cheap oil. That could change in the coming months when a major pipeline expansion will allow Canadian oil more access to global markets.

₹1.64 trillion for fertilizer subsidy. India already has entered into long-term agreements with Morocco, Senegal, Israel, Oman, Canada, Saudi Arabia and Jordan in the past two years as part of this playbook. Though India is moving toward gaining self-sufficiency in urea, it still depends on imports to meet its rock phosphate demand.

By Selena Li and Lawrence White

A post shared by People Magazine (@people) “It filled our hearts to once again be surrounded by Canadian people, food and culture. We felt the Invictus spirit and excitement throughout Whistler and Vancouver, and are so grateful to all our hosts for organising such a memorable visit.

Canada’s inflation rate slowed to 2.9 per cent in January, marking the first time since June that it has fallen within the Bank of Canada‘s target range of one to three per cent.

Loblaw Cos. Ltd. says it will build more than 40 new stores as part of a record investment plan of more than $2 billion.

Spring came early to Canada’s housing market.

Canada’s inflation rate for January decelerated to 2.9 per cent, dropping more than economists were predicting and possibly opening a window for the Bank of Canada to start cutting rates as early as June. Here’s what economists are saying about the numbers.