TORONTO, Oct 8 (Reuters) – Canadian housing starts surged
unexpectedly in September while new home prices also beat
forecasts in August, prolonging a housing boom in the country
despite signs of weakness in other parts of the economy.
Groundbreaking on new homes jumped to a seasonally adjusted
annual rate of 230,701 in September from a downwardly revised
214,255 in August, a report by the Canada Mortgage and Housing
TORONTO (Reuters) – U.S. actor Randy Quaid said on Wednesday he is being detained by Canadian border security and threatened with deportation because of confusion over a long-standing property dispute with California officials.
Quaid has been seeking permanent residency in Canada and has been living with his wife Evi, a dual Canadian-U.S. citizen, in Montreal for three years.
TORONTO, Sept 24 (Reuters) – Like a rooftop garden in an
overcrowded financial district, Toronto’s Leslie Street Spit is
an unexpected urban oasis whose narrow escape from development
has brought marshes, lagoons and forests to the center of
Canada’s largest city.
Jutting into Lake Ontario just minutes from the worst of
Toronto traffic, the more formally named Tommy Thompson Park was
created over 60 years ago by the dumping of dredged sand,
concrete chunks and earth fill, expanding what was once just a
thin strip of land in the city’s busy harbor.
TORONTO (Reuters) – Canadian Prime Minister Stephen Harper, stung by criticism over his government’s slow response to the Syrian refugee crisis, shifted the focus of his re-election campaign to national security on Friday, a move analysts said brings the politics of fear to a deadlocked race.
Seeking a rare fourth term in office, Harper’s pivot just a month before the election positions his Conservative campaign squarely on national security and uncertain risks.
TORONTO, Sept 9 (Reuters) – Canadian housing starts
unexpectedly jumped in August from July as condo building surged
to meet demand for lower-cost options in the nation’s hottest
market, extending a housing boom that is one of the few bright
spots in Canada’s otherwise tepid economy.
Wednesday’s report from the Canadian Mortgage and Housing
Corp showed the seasonally adjusted annualized rate of housing
starts jumped to 216,924 in August from an upwardly revised
193,253 units in July. Forecasters had expected 190,000 starts.
TORONTO (Reuters) – Canada’s Conservative government came under fire on Thursday following reports the family of a Syrian toddler whose body washed up on a Turkish beach had been trying to emigrate to Canada, rocking Prime Minister Stephen Harper’s re-election bid.
A photograph of the tiny body of 3-year old Aylan Kurdi washed up in the Aegean resort of Bodrum swept social media on Wednesday and featured on front pages on Thursday, spawning sympathy and outrage at the perceived inaction of developed nations in helping refugees.
TORONTO, Aug 25 (Reuters) – Canada’s Liberals, trailing
third in the polls for October’s election, on Tuesday rolled
out a heavyweight economic team including former finance
minister Paul Martin in a bid to counter charges that leader
Justin Trudeau is too inexperienced to lead the country.
The advisers include policymakers who erased the budget
deficit during the 12-year Liberal reign that preceded the
nine-year-rule of Conservative Prime Minister Stephen Harper,
whom Trudeau derided for failing to balance the budget.
TORONTO, Aug 13 (Reuters) – While Canada’s overall housing
market is at low risk of overheating, its largest city, Toronto,
is at high risk of overvaluation, the federal housing agency
said on Thursday in a report that highlights the nation’s uneven
real estate market.
Amid concerns that bubbles are growing in several cities,
the Canada Mortgage and Housing Corp said Toronto, Winnipeg and
Regina show high risk of overvaluation, price acceleration or
TORONTO, Aug 11 (Reuters) – Canadian housing starts fell
more than expected in July from June but were broadly in line
with demographic fundamentals and analysts said housing remained
a bright spot in Canada’s otherwise sluggish economy.
The report from the Canadian Mortgage and Housing Corp
showed the seasonally adjusted annualized rate of housing starts
fell to 193,032 in July from a downwardly revised 202,338 units
in June. Forecasters had expected 195,000 starts.
TORONTO, July 21 (Reuters) – The Canadian dollar firmed
against its U.S. counterpart on Tuesday as U.S. dollar buyers
took a breather and gold and oil prices stabilized, but an
analyst said the outlook remained grim for Canada’s
“The U.S. dollar has been extremely strong for the last
month and it really came off today. The Canadian dollar also
benefited from gains in oil, so we saw a sharp snapback in the
Canadian dollar, but we’re skeptical it will last,” said Adam
Button, currency analyst at ForexLive in Montreal.