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CREA downgrades sales forecast as interest rates weigh on buyers

CREA downgrades sales forecast as interest rates weigh on buyers

The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market. The association said Friday that it expects 464,239 properties to trade hands this year, a 6.
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Shorter fixed-rate mortgages take spotlight as borrowers feel pinch of higher rates

Shorter fixed-rate mortgages take spotlight as borrowers feel pinch of higher rates

TORONTO — Rapidly rising interest rates have transformed mortgage preferences as borrowers increasingly opt for shorter-term fixed-rate contracts.
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New emissions targets may sink LNG's pitch as a shipping fuel

New emissions targets may sink LNG's pitch as a shipping fuel

The oil and gas industry has aggressively pitched LNG as a bridge fuel until low- or zero-emission alternatives are fully developed in the shipping sector. 
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Work resumes at B.C. ports after tentative deal is reached to end strike

Work resumes at B.C. ports after tentative deal is reached to end strike

VANCOUVER — Work has resumed at British Columbia ports after a tentative deal was reached to end a strike that had halted cargo movements for 13 days and prompted fears that trade worth billions had been stalled. A spokesman for the B.C.
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Alberta and B.C. in talks to expand Canadian LNG reach globally, Danielle Smith says

Alberta and B.C. in talks to expand Canadian LNG reach globally, Danielle Smith says

Alberta Premier Danielle Smith said her province has begun talks with British Columbia as part of a push to greatly expand the reach of Canadian natural gas to more foreign markets.
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More land-use regulations in B.C. mean less housing affordability: CMHC

More land-use regulations in B.C. mean less housing affordability: CMHC

New survey reveals impact of land regulations and approval delays on efforts to expand housing supply.
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Telus revises 2023 guidance, citing technology sector cost-cutting

Telus revises 2023 guidance, citing technology sector cost-cutting

VANCOUVER — Telus Corp. revised downward its annual guidance for 2023, citing demand pressures as the technology sector looks to cut costs.
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Railway container shipments plummet due to B.C. port strike that's poised to end

Railway container shipments plummet due to B.C. port strike that's poised to end

MONTREAL — Railways suffered a sharp drop-off in container shipments this month as the strike by B.C. port workers — now poised to end after a tentative deal Thursday — halted more than half of steel-box cargo. Canadian National Railway Co.
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B.C. film sector readies for impacts of Hollywood actors' strike

B.C. film sector readies for impacts of Hollywood actors' strike

Strike vote today could see actors join writers with a walkout
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B.C. government lawyers to announce constitutional challenge to NDP-forced unionization

B.C. government lawyers to announce constitutional challenge to NDP-forced unionization

Lawyers say the NDP is not living up to its principles in defending working people.
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