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Canadian markets news

Average Canadian mortgage nears $200K, up 5% in a year
Canadians owe more than ever before on their mortgages, but fewer and fewer borrowers are falling behind on their payments. That's one of the major takeaways from a report published Tuesday from credit monitoring firm TransUnion, which looked at every ...
Fewer, smaller mortgages seen in Vancouver after cooling measures enacted  The Globe and Mail
Canadian consumers pile on debt but mortgage delinquencies fall  Reuters
Troy Media  
US imports of German softwood up tenfold as duties weigh on Canada
U.S. imports of softwood from Germany have grown tenfold in the first half of the year as punishing duties pushed imports of Canadian softwood down.
US houses using more Russian lumber, thanks to Canada spat  Financial Post
Worried About Softwood Lumber Investments? Try Hardwood Instead  The Motley Fool Canada
Weaver calls for ride sharing rules
Ride sharing service is already operating in Vancouver via WeChat, a Chinese-language social media network. (Wikimedia Commons). - image credit: 0. AddThis Sharing Buttons.
Andrew Weaver to re-introduce ridesharing legislation this Fall  Voiceonline.com
Noront Resources to make decision on Ring of Fire smelter by end of year
Monday's long-awaited news that the provincial government will help build roads to the Ring of Fire chromite deposit is music to the ears of junior miner Noront Resources Limited.
Ontario to build roads into Ring of Fire region  The Globe and Mail
“This is the day we were waiting for"  Northern Ontario Business
How lawmakers aim to tackle California's housing crisis
California is building 100,000 housing units a year, but it needs to double that in order to meet demand. “California has a severe housing shortage,” said Brian Uhler with the Legislative Analyst's Office.
One key to affordable housing crisis? Pay construction workers a living wage.  Sacramento Bee
Minimum wage increases: The opposite of helpful  The San Luis Obispo Tribune (blog)
Stop the presses: Globe and Mail ends print edition in Maritimes
The Globe and Mail will stop delivering its print edition to the Maritimes, the newspaper said Monday. Phillip Crawley, the publisher and CEO, said it followed the decision made in 2013 to stop printing in Newfoundland and Labrador.
The Globe And Mail Is Ending Its Maritimes Edition But Don't Say Print ...  Huffington Post Canada
Globe and Mail to stop print distribution in Atlantic Canada  Financial Post
Bill 148 threat to farmers, OFA warns
A key part of the legislation the increase of hourly minimum wage to $15. But it also tackles paid sick days, equal pay provisions, vacations, emergency leave and unionization.
Business owners invited to attend meeting on Bill 148 in Whitby Aug. 30  durhamregion.com
Cornwall Chamber warns of Bill 148  Cornwall Seaway News
Half of BC's declining salmon stocks not monitored by DFO
Local populations of B.C. salmon could "wink out" and we wouldn't even be aware of the loss, says SFU researcher. Share on Facebook.
Amid Closure of BC Salmon Fisheries, Study Finds Feds Failed to Monitor Stocks  DeSmog Canada
Home Capital class-action lawsuit settlement approved by Ont. court
Embattled alternative mortgage lender Home Capital Group is another step closer to rebuilding after an Ontario court approved the settlement of a $29.5 million class-action lawsuit by investors.
Court approves Home Capital's $29.5-million class-action settlement  Toronto Star
Home Capital Provides Update on Agreement to Settle Class Action Matters  Canada NewsWire (press release)
Ottawa seeks info on nuclear-waste bunker's impact on First Nations
Further information on how a proposed nuclear-waste bunker near Lake Huron might affect area First Nations peoples is needed before the government decides whether to approve the project, federal Environment Minister Catherine McKenna said Monday.
OPG Recognizes Two Exceptional Indigenous Students  Canada NewsWire (press release)
More Info Requested About Nuclear Waste Disposal Site Near Lake Huron  BlackburnNews.com