The 10-year treasury yield, which is directly proportional to mortgage rates, has been on the rise since April 4. American homeowners need to earn about $50,000 more than the typical renter to be able to afford monthly mortgage payments, according to new data from real estate brokerage Redfin. “Americans need to earn $116,633 per year
By Kimberly Lankford From Kiplinger’s Personal Finance Prescription drug costs have risen significantly over the past several years. Among drugs that went up in price from January 2022 to January 2023, the average increase was 15.2 percent, and it was 11.5 percent the previous year, according to the most recent data available from the U.S.
On Day 21 of the election campaign, the Conservative Party said it would do more to support veterans’ transition to civilian life, the Liberal Party promised summer fun passes for families, and the NDP said they would expand Canadians’ health care. The Liberals said they would offer free passes for those under 18 to museums
Falling egg and gasoline prices helped to diminish the inflation burden. Producer prices registered an unexpected drop in March, putting the U.S. economy in an increasingly positive inflation climate amid a global trade showdown. New figures released by the Bureau of Labor Statistics (BLS) show that the producer price index (PPI)—a measure of prices paid
Diaspora and civil society groups are raising concerns about Liberal candidate Peter Yuen’s activities with groups closely aligned with Beijing. The former deputy police chief with the Toronto Police Service is the nominated Liberal candidate for the Toronto-area riding of Markham-Unionville. He replaces a former candidate who had suggested a Conservative rival be turned in
A Vancouver man has been arrested after allegedly setting two police officers on fire as the number of attacks on law enforcement in the city has increased. The incident happened on April 10 in the city’s Downtown Eastside. The two officers were doing foot patrols on East Hastings and Carrall streets, the VPD said. They
The sexual assault civil trial of Just for Laughs founder Gilbert Rozon will resume next week after the Court of Appeal rejected his appeal of the scope of questions his lawyers could ask in his defence. In a brief hearing today, the province’s highest court dismissed Rozon’s appeal filed in the midst of his civil
Several million “potentially lethal doses of fentanyl” have been seized by the RCMP in British Columbia after investigators dismantled three synthetic drug labs in the province. RCMP investigators carried out multiple search warrants at different sites across Metro Vancouver between March 26–29. The searches uncovered three separate drug labs located in Pitt Meadows, Mission, and
A new document circulated to lawyers involved in Hudson’s Bay’s creditor protection case is raising suspicion that a company insider may be exploring a bid for the retailer’s assets or leases. The “Insider Protocol” document sent to lawyers Thursday and obtained by The Canadian Press describes how processes meant to help the ailing retailer find
Air Canada says it will offer passengers increased carry-on storage next year by introducing aircraft with a new design that features larger overhead bins. The airline will be the launch customer for the A220 Airbus Airspace cabin, which features larger overhead bins that would increase overhead capacity by more than 15 percent, the company said