Robots are becoming an integral part of society. And even though we don’t have Star Wars level technology yet, robots that help with everything from planting to harvest are just around the corner. At the Farm Progress show in Iowa, Case demo’d their Autonomous Concept Vehicle, which has no cab for a driver and is able to go from its … Read More
Uninsured Mortgages Keep Surging Even as Canadian Housing Cools (Bloomberg)
By Doug Alexander and Erik Hertzberg Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to data from the country’s banking regulator. Mortgages that don’t require homeowner insurance surged 19 percent from a year ago, accounting for about 53 percent of the C$1.13 trillion ($864 billion) of home loans at … Read More
ANALYSIS Heavily indebted Canadians need to watch U.S. interest rate announcement: Don Pittis
A rise in U.S. interest rates tomorrow is so confidently expected by nearly everyone that a failure to hike rates would shock world markets. In his first official press conference since taking over for Janet Yellen, Federal Reserve chair Jerome Powell is expected to set the direction for interest rate increases this year and into the more distant future. What he says will … Read More
Uninsured mortgage market hit 8-year high in January: OSFI (Bloomberg News)
Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to data from the country’s banking regulator. Mortgages that don’t require homeowner insurance surged 19 per cent from a year ago, accounting for about 53 per cent of the $1.13 trillion of home loans at Canada’s … Read More
Uninsured mortgages buck housing trends across country (Bloomberg)
by Bloomberg Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to data from the country’s banking regulator. Mortgages that don’t require homeowner insurance surged 19 percent from a year ago, accounting for about 53 percent of the C$1.13 trillion ($864 billion) of home loans … Read More