Business

Mortgage stress test accounts for up to $15B drop in new mortgages in 2018: CIBC

Increasingly unaffordable home prices and rising interest rates also played a role

Disney, Comcast now Hulu’s only owners as AT&T exits

AT&T sold its stake for $1.43 billion, valuing the unprofitable Hulu at $15 billion

Canadian home sales and prices in March down compared with a year ago

Canadian Real Estate Association says sales fell to their lowest level for the month since 2013

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Five things to watch for in the Canadian business world, week of April 15th
Five things to watch for in Canadian business, the week of Oct 15th
Low-cost airline Swoop launches in Canada
Morneau: Feds would back new Trans Mountain investors

American Airlines cancels Max flights through mid-August

The cancellations represent 1.5% of American’s total flights each day of the summer

GM to reveal next-generation Corvette in July

Car enthusiasts are excited to hear about the new Corvette

Southwest grounds Boeing Max jets until August

The news comes as the airline heads into the busy summer season

B.C. government to require permission to transfer forest cutting rights

Change to help smaller businesses, Forests Minister Doug Donaldson says

Forestry, recreation squeezed by B.C. caribou recovery strategy

Herds fade away, even in parks protected from development

Publisher of iconic black magazines Ebony and Jet files for bankruptcy

The company was founded in 1942 by John H. Johnson in Chicago

Acura recalls 360K SUVs because tail lights can go dark

The company says that this issue is due to a manufacturing problem

Pinterest sets sights on $1.5B in first public share offering

The company will put about 75 million shares up for sale at a price between $15 and $17 each

Boeing cutting production rate of troubled 737 Max jet

Boeing faces a growing number of lawsuits filed by families of the victims

Museum, hospital expansion to use mass timber, John Horgan says

Premier calls for new strategies for Interior forest companies

Glacier Media buys online B.C. news outlet Castanet for $22M

Community news chain already owns newspapers in B.C., Alberta and Saskatchewan

SNC-Lavalin selling 10% stake in Highway 407 in partial exit from Ontario project

OMERS will pay $3 billion to SNC on the closing of the deal and an additional $250 million over 10 years

John Horgan says spike in gasoline prices is profit-taking, not taxes

Premier denies Trans Mountain expansion would deliver more fuel

IPWhoa: What to know before joining this year’s IPO wave

It’s not how much you love the service, it’s how much profit it can bring in

B.C. speculation tax holdouts should talk to city hall, minister says

Deadline to file exemption was April 1, bills start going out in June

B.C. NDP loses vote after Greens walk out in LNG protest

B.C. Greens leave legislature, B.C. Liberals pass amendment

B.C. takes aim at ‘shell companies’ hiding property ownership

Finance Minister Carole James says law to prevent tax evasion, money laundering