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CMHC Warning about insured mortgages

Yesterday, Evan Siddall, the president of the Canada Mortgage and Housing Corporation (CMHC) said that the country could see claims from defaulted mortgages reach $9 billion as a result of the coronavirus and as many as 20 per cent of mortgages could go into arrears if the economic situation in Canada does not improve.
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CBC | Business News

19/23/2021
Sleep Country Canada buys controlling stake in Hush Blankets
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Sleep Country Canada Holdings Inc. has signed a deal to buy Hush Blankets, a direct-to-consumer seller of weighted blankets, pillows, sheets and bed-in-a-box mattresses.

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Why the world is facing a global energy crunch
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The world is gripped by an energy crunch — a fierce squeeze on some of the key markets for natural gas, oil and other fuels that keep the global economy running and the lights and heat on in homes. Heading into winter, that has meant higher utility bills and more expensive products.

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Facebook pays $4.75M US fine plus back pay to settle suit alleging it favoured foreign workers
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Facebook is paying a $4.75 million US fine and up to $9.5 million US to eligible victims to resolve the U.S. Justice Department's allegations that it discriminated against American workers in favour of foreigners with special visas to fill high-paying jobs.

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Quebec retailing family sued by HBC for improper use of Zellers brand name
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Members of a Quebec family behind the recent trademark applications for companies bearing the name Zellers are the focus of a lawsuit by Hudson's Bay Co. ULC, which owns the defunct retail brand.

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Doug Ford vows to support Stellantis, workers in wake of news 1,800 jobs will be cut
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Ontario Premier Doug Ford vows to support Windsor autoworkers — and Stellantis — following news last last week that the company plans to cut a shift next year, a move that will cost hundreds of jobs.

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