Winners and losers as Canada bids adieu to record-low interest rates As Canadians sat on lakeside docks or headed elsewhere on vacation this summer, forces at work in the bond market have helped to reshape many of their financial futures. Record low interest rates that sent Canadians...

Tighter mortgage rules fuel spike in rental prices, competition Tighter mortgage rules appear to have taken an unintended victim in Canada`s largest city: the renter. Toronto rents are on the rise due in part to increased demand from would-be home buyers, some of whom are unable to get...

PM`s advisers dismiss interest rate warning OTTAWA, Ont. ` The prime minister`s advisers have dismissed a warning by a respected think-tank that ultralow interest rates need to start rising now to avoid damage to the Canadian economy. In a paper for the C.D. Howe Institute, economist...

Northwest B.C. economy surging on big-ticket natural resource projects Billions of dollars of industrial projects planned, or already under construction Northwest B.C. boasts it has a slate of prospective industrial projects totalling $60 billion. While that may be more...

No bugs, rats or shared beds Students try to stretch their limited dollars in Vancouver's pricy rental market Hannah Blazer's checklist is pretty straightforward. "No bugs, rats, mould, disrepair, crumbling ceilings." For the 24-year-old who starts classes at Langara College next week...

Where Wages Have Grown the Most (and Least) Since the Recovery Just in time for Labor Day, a recent Gallup poll has given some promising employment news. More than half of American workers say that their income has grown over the last five years, telling Gallup that they are making either a...

Rickety housing markets Mortgage reforms on both sides of the border might stabilize markets, or might not Business headlines flowed fast this week: Regulatory limits on government-backed mortgage security issuance kicked in and ruffled markets in Canada, and President Obama endorsed...

Rickety housing markets Mortgage reforms on both sides of the border might stabilize markets, or might not Business headlines flowed fast this week: Regulatory limits on government-backed mortgage security issuance kicked in and ruffled markets in Canada, and President Obama endorsed...

Peter Foster: Crazy over climate The Royal Society, the U.K.`s once-venerable academy of science, has arguably lost its collective mind over the theory of projected catastrophic man-made global warming. Recently, its president, Paul Nurse, in seeking to avoid a meeting with skeptical experts...

Condo owners face selling Snare Lack of complete permits could affect thousands of B.C. residents A B.C. condo owners association will petition municipalities to adopt a new measure to ensure owners don't get caught with incomplete occupancy permits that can undermine their ability to...

Population Distribution 1900-2060 Reader Druce put together the graphic below of the U.S population distribution, by age, from 1900 through 2060 using a slider. The population data and estimates are from the Census Bureau (actual through 2010 and projections through 2060). In 1900, the...

FEMA's New Flood Maps Pressure Homeowners to Raise Their Houses When Catherine Porthouse bought a home in 2010 in the bayous of Louisiana, she didn`t worry much about the possibility of flood damage. Her house, in the town of Des Allemands, is shielded by marshlands and a levee and had no...

Obama White House Is on Economic Bubble Alert President Barack Obama, who took office amid an epic financial collapse, wants to make sure the economic recovery he`s helped engineer doesn`t set the stage for the next bubble. While the president has frequently talked about the need to move...

What housing crisis? Many homeowners would be spared in major correction This article appears in the May edition of the Financial Post Magazine. Visit the iTunes store to download the iPad edition of this month`s issue. There is a housing market correction in the making and it has the...

Why there`s no reason to panic about rising rates There is a simple answer to all this hysteria about mortgage rates going up. Don`t lock in your rate. I know it`s almost heresy to have a floating rate in a mortgage world dictated by Finance Minister Jim Flaherty, who thinks nothing...

Modest drop in Spanish unemployment cheers government efforts to end recession MADRID - Spain's unemployment total fell by just 31 people last month, but it was the first time the August rate has dropped in 13 years and gave heart to a government striving to pull the country out of...

News articles for September 2013

News articles for September 2013

News articles for September 2013

Fracking is the latest villain of the cult of catastrophe At the age of 94, George P. Mitchell died last month. Who's that you say? Not to worry, I didn't know who he was either. Quoting energy guru Daniel Yergin, the Wall Street Journal's obituary describes him as the man who "more...