Evening Update: Bank of Canada urges lenders to offer longer-term mortgages; one million species facing extinction, UN report says

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Evening Update: Bank of Canada urges lenders to offer longer-term mortgages; one million species facing extinction, UN report says
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Also: Police investigated whether victim of serial killer Bruce McArthur was targeted by Luka Magnotta

Bank of Canada Governor Stephen Poloz urges lenders to offer longer-term mortgagesBank of Canada Governor Stephen Poloz is hitting back at critics who say stricter mortgage rules are stifling the housing market, urging lenders to instead fix the problem themselves bySpeaking to a business audience in Winnipeg today, Mr.

Just 2 per cent of mortgages issued last year in Canada had terms of more than five years, he pointed out. Mortgage terms of 10 years, 20 years and even longer terms are more common in the U.S. and elsewhere.Around the world, nature is in unprecedented decline, a sweeping. That trend that can be reversed, it says, but only with a co-ordinated international effort and “transformative change” to the way we draw food, water, energy and resources from the planet.

Years before Mr. McArthur became a suspect, police investigated whether one of the missing men, Skandaraj Navaratnam, had been murdered by Alex Brunton, a self-proclaimed cannibal. Investigators noticed “circumstantial links” between Mr. Magnotta and Mr. Brunton, the affidavit says.Story continues below advertisement

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