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Economic News

IMF urges Canada to resist pressure and stay course on mortgage stress test

The Canadian Press
The International Monetary Fund says household debt in Canada is still too high to pursue policy changes to encourage more activity in housing markets.
The organization’s report comes on the heels of Conservative Leader Andrew Scheer’s pledge last week to re…
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Scientists racing to create lab-grown synthetic cannabinoids, but cannabis plant not obsolete just yet

Vanmala Subramaniam
Kevin Chen spent much of the last two years attending every cannabis-related conference he could find, trying to convince investors about the potential of a scientific development he had come up with in his student lab at Concordia University: Using yeast to …
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Pound’s prospects look good as British lawmakers get vote on whether to hold second Brexit referendum

Bloomberg News
The pound rallied as U.K. Prime Minister Theresa May said she will offer lawmakers a vote on whether to hold a second Brexit referendum as part of a plan to get her Brexit deal over the line.
Sterling gained as much as 0.7 per cent ahead of May’s speech in L…
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Rogers to launch new Internet of Things service in Ontario in step towards 5G

The Canadian Press
TORONTO — Rogers Communications Inc. says it will launch a new wireless service that’s optimized for connecting stationary sensors and similar data-collection devices to the internet.
The Toronto-based company says the service will be best used for asset mon…
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Brooks Koepka saves his best work for a major yet again

SOMETIMES THE majors are the easiest ones to win, Brooks Koepka said last week. Half the people shoot themselves out of it, and mentally I know I can beat most of them. It sounded like a preposterous boast. The four major championships in mens golf feature vi…
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Does carving up conglomerates create shareholder value?

Corporate fashions come and go, and this seasons is industrial break-ups. In America and Europe, once-sprawling conglomerates are being carved up into focused companies that investors hope will fare better on their own. Those banking on quick returns have mos…
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Justin Amash calls for Donald Trump’s impeachment

ON MAY 18th, shortly after he finished reading the Mueller Report, Justin Amash, a five-term representative from Michigan, became the first Republican in Congress to call for the impeachment of President Donald Trump. In a lengthy Twitter thread Mr Amash argu…
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Holding out on Huawei

ON MAY 20TH it became clear that some of the worlds most prominent technology companiesGoogle, Intel and Qualcommhad stopped selling software, hardware and licences for intellectual property to Huawei, a Chinese manufacturer of phones and networking gear. Thi…
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Why some American states are locking up toddlers

LIKE MANY people in prison, Ada Lynn listens more than she speaks, spends most of her time with people she knows best, and is deeply wary of strangers: in fact, when she sees one she tends to burst into uncontrollable sobs, because, unlike most people in pris…
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“Rocketman” is a suitably ostentatious biopic of Elton John

BOHEMIAN RHAPSODY, a biopic of Freddie Mercury and Queen, was almost as big a money-spinner as the band itself. A notoriously troubled production, the film nevertheless went on to gross nearly $700m worldwide, making it the sixth-most-lucrative film of 2018. …
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