Articles from Global News

The Canada Mortgage and Housing Corporation reported a 16% decrease in the annual pace of housing starts in August compared to July. This decline indicates a slowdown in home building activity. The data highlights broader trends in the residential construction sector.

The newly established Build Canada Homes agency plans to construct 4,000 housing units on six sites owned by the federal government. This initiative was announced by Prime Minister Mark Carney on Sunday. The agency's goal is to address housing needs by utilizing federal land for residential development.

New government documents reveal worsening housing affordability in Canada, affecting middle and lower-income households. These records highlight the ongoing challenges in the housing market across the country. Analysts suggest that affordability issues are a significant concern for many Canadians. The government is being urged to implement policies to address this crisis.

The federal government is developing plans for a public registry to track its artificial intelligence technology projects across various departments. This initiative aims to promote transparency and accountability in the government's use of AI technology. The registry will catalog AI projects deployed in different governmental sectors as part of an effort to oversee technological advancements in governance.

The city of Juneau, Alaska, has successfully avoided severe flooding this year, which had been a recurring issue due to the Mendenhall Glacier ice dam. Unlike past years, there have been no reports of damage or homes being washed away. The installation of new barriers has effectively mitigated the risk of flooding. This proactive measure illustrates the impact of infrastructure improvements on community safety.

The Bank of Canada has maintained its interest rates for the third consecutive time, maintaining stability in the housing market. According to economists and real estate experts, this decision suggests that the market may not require another rate cut to improve. The current conditions in the housing sector are being viewed as a 'new normal,' which resembles the 'old normal,' due to steady economic parameters. This stabilization points toward a period of gradual recovery for the housing market without further intervention.

The operator of the Trans Mountain oil pipeline is planning to initiate a formal process later this year to assess the interest in expanding the pipeline's capacity. This indicates potential growth opportunities in the transport of oil across regions served by the pipeline. The decision points towards strategic developments in infrastructure to accommodate increasing energy demands.

The Prime Minister's Office has indicated that Mark Carney is engaged in intense discussions with the U.S. ahead of an August 1 deadline. Although details are scarce, Carney is expected to announce new measures aimed at reducing costs for Canadians. This development is part of broader economic planning with implications possibly affecting various sectors.

Canada Mortgage and Housing Corporation suggests that eliminating interprovincial trade barriers could significantly increase housing starts to nearly 280,000 annually. This prediction highlights the potential rise of 30,000 additional housing units over time. The analysis implies that such a policy change could lead to a boost in residential construction across the country.

The article discusses the key elements of a stylish and comfortable airport outfit. It emphasizes the importance of balancing comfort with style by choosing soft fabrics and relaxed fits. Fashion items that are easy to style and adaptable are recommended to elevate the travel experience.

The Canadian real estate market, expected to recover, may face challenges due to the potential imposition of new tariffs by U.S. President Donald Trump. These tariffs could impact economic conditions and influence housing prices in Canada. Experts are cautious about how such policies might disrupt the anticipated market stabilization and growth.

The U.S. Consumer Price Index (CPI) increased by 0.3% in June, following a smaller increase of 0.1% in May, according to the Labor Department's Bureau of Labor Statistics. The rise in inflation can be partly attributed to the effects of tariffs, which may be impacting prices in various sectors. The article explores how these economic policies are influencing inflation trends. Understanding these impacts is crucial for economic planning and policy adjustments.