Canada’s 2050 Net-Zero Climate Goal Means Big Spending and Risks, Say Industry, Analysts
Banks’ lending to oil and gas sector under scrutiny due to climate change risks
News Analysis
As oil and gas investment faces growing scrutiny worldwide, Canada is seen as being particularly vulnerable in its transition to a lower carbon footprint. Nevertheless, its industry says it still has a vital role to play as investments appear likely to start shifting away from new fossil fuel projects in favour of research and innovation targeted at cutting emissions.
“CAPP encourages any groups who are redefining their investment portfolios to consider that investment in Canadian energy is a sustainable choice,” said Tim McMillan, president and CEO of Canadian Association of Petroleum Producers (CAPP) in an email to The Epoch Times.
IE Staff
Younger adults are more willing to go to war a bidding war, that is for their dream home.
According to a survey commissioned by Toronto-Dominion Bank, 51% of adults under 35 said they’re prepared to offer above list price for a dream home.
Older survey participants were less enthusiastic about bidding wars: 31% of respondents between 35 and 54 said they’d be prepared to go above asking. Only 18% of respondents aged 55 and older were game for a bidding war.
The survey also found that some bidders are more competitive and have deeper pockets than others.
TD reported that 19% of competitive bidders were willing to offer up to $50,000 over the asking price of a home, while 13% were willing to go $50,000–$100,000 over asking or even higher.
(Photograph by Kathleen Fisher)
Nowhere to buy
Soaring home prices, insane bidding wars and cancelled dreams have spread from urban centres into towns across Canada. How did everywhere become Toronto and Vancouver?
May 17, 2021
It would keep happening, even though Louise Haehnel knew resisting her tendency to daydream would prevent more heartbreak. She and her husband, James, would view a house listed in Oshawa, Ont., or further afield. And she’d begin to imagine: the sofa here, the pictures there; six-year-old Aubree taking this bedroom and four-year-old Ava getting that one, instead of them having to share in the Haehnels’ small apartment. “Then, every single time, we’re disappointed,” she says, “because we’re not just a little bit outbid we’re nowhere near in the running.”
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Cases of mortgage fraud are likely to rise as new rules tighten borrowing requirements in Canada, says a mortgage broker.
New rules from the Office of the Superintendent of Financial Institutions raising the qualifying rate from 4.79 per cent to 5.25 per cent for borrowers with more than 20 per cent down payments could lead to increased fraud for shelter across Canada, including in Calgary, says Leah Zlatkin, LowestRates.ca expert and principal broker at Brite Mortgage.
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/PRNewswire/ The Actuarial Foundation is proud to announce the winners in this year s Hardest Math Problem Student Contest, a national middle school math.