TORONTO, June 26 (Reuters) – Canada is tightening the rules
for producing its popular icewine, a sweet dessert wine that is
only made in cold climates, to crack down on fraudsters who sell
mislabeled bottles that don’t make the grade.
In regulations published this week, the Canadian government
said any bottle labeled and sold as icewine must be made only
from grapes that have frozen on the vine.
TORONTO, June 26 (Reuters) – Canada’s heated housing market
and near-record personal debt is less of a risk than it was a
year ago, but the central bank is not letting down its guard
just yet, a Bank of Canada official signaled on Wednesday.
“We are seeing a moderation over the last year in both the
buildup of household indebtedness and also the related
imbalances in the housing market,” Bank of Canada Deputy
Governor Timothy Lane said in response to an audience question
following a speech in Toronto.