An economist says the Canadian housing market could be in for a rebound this year after a cautious 2023.
T-D Bank economist Rishi Sondhi says that optimism depends largely on the forecasts of the Bank of Canada cutting interest rates, which may begin as early as the second quarter.
Home prices softened in several areas late last year, including in the Fraser Valley.
Vancouver Realtor Tim Hill says he is optimistic of consumer sentiments slowly shifting as prices improve in recent months.
Thousands of people across B-C dropped, covered and held on this morning -- as they took part in the annual ShakeOutBC earthquake drill. The event -- at 10:19 a-m -- simulates an earthquake response and is a key part of provincial efforts to raise awareness about what to do in the moments, hours and days after an earthquake strikes.
A large number of Canadian diplomats have left India overnight, a media report said on Thursday. The departures followed two weeks of negotiations between India and Canada after India issued a demand for "parity" in the number of diplomats present in the two countries, CBC News reported, citing a source with knowledge of the situation.
Israel's envoy to Canada says it is important for democracies to assess when a line has been crossed between freedom of speech and what he calls "freedom of hate." Iddo Moed, Israel's ambassador to Canada, spoke generally about what he sees as a "thin line" between the two in an interview with The Canadian Press.
The federal auditor general says Canada's efforts to combat racism and discrimination in major departments and agencies are falling short. Auditor General Karen Hogan found in a report released Thursday that bureaucrats are failing to use data to understand how racialized employees are feeling.
The Competition Bureau says profits and markups have increased over the last two decades as the state of competition in Canada has deteriorated. The bureau published a report Thursday analyzing how competition evolved across industries between 2000 and 2020.
Caribbean leaders gathered in Ottawa for a two-day summit this week are urging the Canadian private sector to invest more in the region. Their pleas came as Prime Minister Justin Trudeau announced on Thursday that Canada is creating a new temporary worker program for the fisheries industry.