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CBC | Business News

15/32/2022
Home sales declined by 5.3 per cent in July, back to pre-COVID levels
Bank of Canada stox

Canada's housing market continued to cool in July, with the average home price clocking in at $629,971 — a figure that drops by $104,000 when excluding the Greater Toronto Area and Vancouver markets.

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Slowing inflation does not mean you get your spending power back
CLC President, Bea Bruske, Speaks to the United Steelworkers Aug 10/22

Companies able to hike prices with inflation are seeing rising profits. Wages aren't keeping pace. Markets surged when U.S. inflation peaked, but a plunge in spending, a rise in wage demands, and more rate hikes could mean trouble ahead.

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Ontario homebuyers stunned by extra $175K charge from developer, call for government action
Jennifer LeFeuvre

Some buyers who years ago purchased builds in a housing development north of Toronto are calling for government intervention after they were told they would need to fork over $175,000 above what was agreed upon in contracts before their homes will finally be built.

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How extreme weather could force travellers to revamp their vacation plans — now and in the future
Smoke from a wildfire fills the sky, as seen from a beach bar on the Greek island of Lesbos

Travel industry experts say Europe has dealt with bouts of extreme weather in the past, but the types of challenges it has faced this summer have the potential to shift where and when people travel.

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Worried about a warming world, thousands of Germans reject using LNG — including Canada's
LNG protests Hamburg germany

Hamburg hosts a week of escalating protests, with demonstrators saying liquefied natural gas is no solution to Europe’s Russian-government induced energy crisis. But German decision-makers have reached out to Canada about increasing exports.

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