CPI rose 2.8% year-over-year in June, following a 3.4% increase in May From jefflagerquist
The Gorgeous Private Islands Where The Wealthiest Stars Spend Time To Relax And Unwind..Long way home: Blamed for affordability crisis, Liberals look to pivot on housing
OTTAWA — Chris Burke and his fiancée have been less than a year away from buying their first home for the past three years. Saving for a down payment was the first challenge. Now, rising interest rates have kicked home ownership down the road again, stalling the couple's plans to get married and have children. "Any gains we make towards purchasing a house, we're watching the goalposts move further and further away," the 31-year-old Ottawa resident said.
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The Week Ahead: CPI data due; U.S. Fed meeting minutes - BNN BloombergA look at what investors will be watching in the upcoming week.
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Former PEI Premier to Chair Advisory Body for Canada's Next Supreme Court JusticeFormer Prince Edward Island premier Wade MacLauchlan has been appointed for the second time to chair the advisory body responsible for selecting Canada's next Supreme Court of Canada Justice. The government is seeking a replacement for Russell Brown, who retired in June following allegations of misconduct. The advisory board, consisting of eight members, will provide Prime Minister Justin Trudeau with a shortlist of highly qualified candidates. The new appointee must be from Western or Northern Canada to maintain regional representation on the court.
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Canada Reflects on Lessons Learned from Record Wildfire SeasonCanada's Minister responsible for forests, Jonathan Wilkinson, is considering the need for standardizing firefighter training across provincial borders and beyond, following this year's unprecedented wildfire season. While firefighter training curriculum remains a provincial responsibility, Wilkinson emphasizes the importance of greater interoperability among crews regardless of their location. The government expects the fire season to continue across much of Canada, with the potential for it to extend into September in certain regions.
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Canada Faces Unprecedented Wildfire SeasonThe federal government warns that Canada is experiencing an unprecedented wildfire season, with the potential for it to continue into September. Over 5,500 wildfires have already been recorded, releasing over one billion tonnes of carbon dioxide emissions. The country has deployed thousands of firefighters to battle the blazes, which have destroyed homes and forced evacuations. Officials predict that future fire seasons will continue to be longer and more aggressive.
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Tragic Accident in Canada: Father and Teenage Girl Swept Away in FloodA rock musician and his girlfriend were swept away in a flood after their car stalled on a highway in Canada. The musician managed to save the other passengers in the car, but he and a 14-year-old girl were carried away by the current and later found dead. Two other children also died in a separate accident at the same time.
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Power Corp. of Canada undergoes ambitious transformationPower Corp. of Canada, the publicly traded holding company, is undergoing a major transformation led by the Desmarais family and their key lieutenants. They are selling Putnam Investments, attracting investment from Abu Dhabi's sovereign wealth fund, and acquiring a stake in a New York wealth manager. This marks the most ambitious remaking of Power Corp. since the death of its patriarch, Paul Desmarais Sr., almost a decade ago.
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