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It’s Tuesday, April 21. Here are the top stories we’re following today.
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Spring is traditionally when Canada’s housing market shifts into high gear. But this year it’s idling, despite four consecutive years of price reductions nationally.
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Canada’s largest condominium market has “hit bottom” as first-quarter sales for new projects in Toronto fell 52 per cent from a year ago to a 35-year low, according to an Urbanation Inc. report, and no projects were launched for the first time in three decades in the period.
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There’s a scene in the 1988 comedy The Naked Gun where Leslie Nielsen’s Lt. Frank Drebin waves his arms in front of a fireworks factory that has just exploded and calmly tells the horrified crowd, “Nothing to see here, please disperse.” Kim Moody has often thought about that scene while watching Mark Carney’s government handle the federal budget process.
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Montreal-based satellite startup NorthStar Earth & Space Inc. says it intends to go public on the New York Stock Exchange by merging with special acquisition purpose company Viking Acquisition Corp. I as investor interest in the space sector grows.
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Planning a cost-effective vacation this summer increasingly feels like betting on the commodities market, as oil prices rise and fall based on global geopolitical winds. Statistics Canada reported this week that airfares rose in March for the first time in two years, as the Iran war roiled oil prices.
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