Canada rents surge with 2 years high February prices
A Rentals.ca and Urbanation report shows Canada’s average asking rent at 2193 in February up 10.5 percent from a year earlier, led by Alberta 20 percent gains. One bedroom 1920, two bedroom 2293, with Vancouver Toronto and BC Ontario remaining priciest. Traditional apartments rise fastest year over year. roommate listings surge 72 percent in four provinces.
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Canada stocks gain as U S markets mixed after dip
Canadian S P/TSX index rose 31.69 points to 21 769 22 as U S markets posted a mixed day with the Dow up 46.97 and the S P 500 down 5.75 while Nvidia slid 2 0 and semiconductors weighed on sentiment. Inflation data due this week dominates attention.
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Canada
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Greg Taylor
Purpose Investments
Nvidia
Taylor
New York
Insolvencies rise as 2024 outlook stays tentative
Analysts expect elevated business insolvencies to persist through 2024 as post pandemic catch up continues. Experts cite 2023 up 41.4 percent from 2022 and a return toward pre pandemic levels, with sectors like retail and dining affected and January 2024 showing a sharp rise. Government support and lender patience kept filings low before the upturn.
MENTIONED IN THIS ARTICLE
Natasha MacParland
Davies Ward Phillips & Vineberg LLP
MacParland
Office of the Superintendent of Bankruptcy
Dina Kovacevic
Insolvency Insider
Kovacevic
CCAA
Canadian Federation of Independent Business
Simon Gaudreault
CFIB
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