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High borrowing costs, record condo completions lead to oversupply in Greater Toronto

High borrowing costs, record condo completions lead to oversupply in Greater Toronto

TORONTO — Greater Toronto Area-real estate watchers say the combination of high interest rates and an uptick in new condo units coming online has led to an oversupply that will take time to balance out.
B.C.'s debt and deficit forecast to rise as the provincial election nears

B.C.'s debt and deficit forecast to rise as the provincial election nears

VICTORIA — British Columbia is forecasting a record budget deficit and a rising debt of almost $129 billion less than two weeks before the start of a provincial election campaign where economic stability and future progress are expected to be major i
Montreal mayor faces criticism for blocking comments on social media accounts

Montreal mayor faces criticism for blocking comments on social media accounts

MONTREAL — Montreal Mayor Valérie Plante is facing pushback for a decision to restrict access to her social media accounts, which her office says was an attempt to curb online hate.
CN revises earnings guidance lower after work stoppage, says operations recovered

CN revises earnings guidance lower after work stoppage, says operations recovered

MONTREAL — Canadian National Railway Co. revised its earnings guidance for 2024 lower due to several factors including the recent labour stoppage that saw both Canada's major railways grind operations to a halt.
Joly says Canada bars any Canadian-made arms from reaching Gaza

Joly says Canada bars any Canadian-made arms from reaching Gaza

OTTAWA — Canadian-made weapons will be prohibited from reaching the Gaza Strip, Foreign Affairs Minister Mélanie Joly said Tuesday.
Jasper council hears providing temporary housing for all without homes not possible

Jasper council hears providing temporary housing for all without homes not possible

JASPER, ALTA. — Town council in Jasper, Alta., heard Tuesday it won't be possible to secure temporary housing for everyone who lost their homes in a devastating wildfire in July.
S&P/TSX composite ticks lower Tuesday as oil prices fall, U.S. markets mixed

S&P/TSX composite ticks lower Tuesday as oil prices fall, U.S. markets mixed

TORONTO — Losses in the energy sector weighed on Canada's main stock index as the price of oil fell Tuesday, though the index posted just a small decline while U.S. markets were mixed.
Nova Scotia bill would kick-start offshore wind industry without approval from Ottawa

Nova Scotia bill would kick-start offshore wind industry without approval from Ottawa

HALIFAX — The Nova Scotia government is planning to kick-start its offshore wind industry — with or without federal approval — and launch a first call for project bids next year.
Canadian court approves Red Lobster restructuring plan

Canadian court approves Red Lobster restructuring plan

TORONTO — A Canadian court has cleared the reorganization plan of Red Lobster that will see the seafood chain exit bankruptcy.
Stock market today: Wall Street drifts as Oracle soars and banks and oil slump

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump

NEW YORK (AP) — U.S. stocks drifted to a mixed close following several weeks of sharp swings. The S&P 500 rose 0.4% higher Tuesday. The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite rose 0.8%.
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