Hong Kong is too big to fail, even as protests and police violence rock the city to the core

Hong Kong is too big to fail, even as protests and police violence rock the city to the core

HONG KONG—Storefronts closed for weekend demonstrations are now shuttered, for weeks or even permanently. Protesters are occupying major roads, rail tracks, bridges and tunnels, cutting off critical thoroughfares for commuters and commerce on a daily basis. Universities are telling students not to come back for the rest of the semester. Nearly six months into the […]

Canadian economy resilient even as global outlook worsens

Canadian economy resilient even as global outlook worsens

The relationship remains strong in Canada Lately, there has been talk about whether the relationship between growth and inflation still exists. That’s because inflation rates in the United States and other advanced economies have been lower in recent years than you might expect given relatively strong growth. Here in Canada though, the story looks quite […]

CIBC reports jump in bad loans even as profit beats estimates

CIBC reports jump in bad loans even as profit beats estimates

Canadian Imperial Bank of Commerce is seeing an uptick in bad loans, providing validation to short-seller concerns that credit conditions are worsening. Investors and analysts have been watching for signs of deteriorating loans since short sellers earlier this year said that CIBC and other banks are ill-prepared for worsening credit conditions. CIBC’s soured-loan provisions totalled […]

Pylons are still on the job, even though the work is done

Pylons are still on the job, even though the work is done

Pylons used to cordon off repairs to a North York water leak are still standing guard, even though the job wrapped up months ago. Anyone who reads this column knows we have no love for pylons, a quick-fix for just about any road or sidewalk hazard, at least until the repairs are wrapped up. One […]

Sinkhole makes busy midtown street even more chaotic

Sinkhole makes busy midtown street even more chaotic

A sinkhole in the middle of a small but busy street near a major midtown crossroads will surely create traffic chaos. Yonge St. and St. Clair Ave. is always plugged with traffic, considering the volume of vehicles traversing Yonge and the many streetcars that make their way out of the St. Clair TTC station heading […]

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