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Canadian home buyers pile into variable loans, blunting impact of rising fixed rates

A recent move by major Canadian banks to increase fixed mortgage rates on the back of surging bond yields is unlikely to slow the country's red hot housing market, as more than half of new borrowers take out variable-rate loans that are the cheapest they've ever been.
Ryan Bushell Rob Colangelo Denny Thomas Nichola Saminather James Laird Steve Orlofsky

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Everyone is talking up bitcoin as cryptocurrencies go mainstream

Article content Stephen Harper may not be a big bitcoin fan, at least not yet. However, the former prime minister recently namechecked the cryptocurrency, which this week continued its rapid rise, cracking the US$50,000 mark. โ€œIn the short to medium term โ€ฆ unless the U.S. becomes a catastrophe, itโ€™s hard to see what the alternative is to the U.S. dollar as the worldโ€™s major reserve currency,โ€ Harper told Jay Martin, chief executive of investment-conference producer Cambridge House, du...
United States New York British Columbia United Kingdom United Kingdom General Stephen Harper

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