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One-bedroom apartment rents jump more in Vancouver than any other major Canadian city

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Average monthly rent for a one-bedroom home in Vancouver rose 13.2 per cent to $2,176 from December 2020 to December 2021, according to A report Rent for one-bedroom apartments in Vancouver rose more than in any other major Canadian city over the past year, according to data released on Sunday by a real-estate advisory firm …

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IEA report on Canada welcomes SMR developments

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The International Energy Agency’s (IEA’s) Canada 2022: Energy Policy Review has found that, since the last IEA review in 2015, Canada has made a series of enterprising international and domestic commitments and has made progress towards transforming its energy system. Launching the report on 13 January, IEA Executive Director Fatih Birol said: “Canada has shown impressive leadership, …

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Trans Mountain oil pipeline returns to normal operating pressure

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Published Sunday, January 16, 2022 10:48PM EST The Trans Mountain pipeline returned to normal operating pressure on Saturday, it said in a statement, after functioning at reduced pressure for over a month. The Canadian government-owned oil pipeline, which ships 300,000 barrels a day of crude oil and refined products from Alberta to the Pacific Coast, was …

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Pfizer Covid pill approved by Health Canada

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By Joel Goldenberg The Suburban Health Canada has approved Pfizer’s antiviral Covid pill Paxlovid Monday morning. “Health Canada has authorized the combination of two antiviral drugs, nirmatrelvir and ritonavir (brand name PAXLOVIDTM), to treat adults with mild to moderate COVID-19 who are at high risk of progressing to serious disease, including hospitalization or death,” says …

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Onboard vehicle tech becoming a safety issue, advocates say

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Ian Bickis, The Canadian PressPublished Sunday, January 16, 2022 6:48PM EST TORONTO – A driver sitting behind the wheel of a new vehicle could be scrolling through their Spotify app looking for the right album when they get an incoming call or text, only to have a warning bell go off about the outside temperature …

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Bank of Canada survey suggests businesses, consumers expect high inflation for longer

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Mon., January 17, 2022, 9:40 a.m. OTTAWA — Canada’s central bank says businesses and consumers are increasingly believing that the pace of price increases will continue on its hot rate for longer. The Bank of Canada said Monday its pair of quarterly surveys of businesses and consumers show respondents expect the annual rate of inflation …

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House Price Index rose 26% in 2021, fastest pace on record

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Average home price hit $713,500 in December, Canadian Real Estate Association says CBC News · Posted: Jan 17, 2022 9:27 AM ET The Canadian Real Estate Association’s House Price Index rose by 26.6 per cent in the 12 months up to December, the fastest annual pace of gain on record. The group, which represents more than 100,000 …

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Bank of Canada Rate Hikes: Will Cool CPI but not in 2022; No Dice on Hot Housing

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By Investing.com (Ketki Saxena/Investing.com ) Jan 14, 2022 09:43 Canada’s Consumer Price Index – supposedly our best benchmark of inflation – is at 4.7%, far above target levels of 2% and the worst it’s been in two decades. Unfortunately, actual inflation is much higher. While it’s difficult to find a consensus or definition for what “actual” inflation is, certain …

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IEA says Canada can be key global oil supplier if emissions promises kept

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14TH JANUARY 2022 BY: REUTERS CALGARY – Canada, the world’s fourth-largest oil producer, can be a key global supplier for years to come providing it sticks to promises to sharply cut emissions, the International Energy Agency (IEA) said on Thursday. In its first review of Canada’s energy policies since 2015, the IEA said the country’s role as a major producer, …

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Canada Joins Mexico in Complaint Over U.S. Car-Rules Reading

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Mexico filed dispute last week after talks failed to fix issue Officials from three countries meeting on Thursday over USMCA By Brian Platt and Eric Martin January 13, 2022, 9:06 AM EST Updated on January 13, 2022, 9:17 PM EST Canada is joining Mexico in formally disputing how the U.S. interprets rules governing the origin …

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