RBC CEO: We need short-term measures to cool Canada's housing market

BNN Bloomberg shows that Dave McKay, CEO of Royal Bank of Canada, joins BNN Bloomberg to discuss his outlook for the Canadian economy and the future of RBC as the COVID-19 pandemic continues.

The economy of Canada is certainly a highly developed mixed economy. It is really the 9th largest GDP by nominal and 15th largest GDP by PPP in the world. As with other developed nations, the country's economy is dominated by the service industry which employs about three quarters of Canadians. Canada has the third highest total estimated value of natural resources, valued at US$33.2 trillion in 2019. It has the world's third largest proven petroleum reserves and is the fourth largest exporter of petroleum. It is also the fourth largest exporter of natural gas. Canada is considered an "energy superpower" due to its abundant natural resources and a small population of 37 million inhabitants relative to its land area.

Canada: Small-town real estate heating up in big city way

CBC News: The National shows that with more people working from home and looking for more space, house hunters are looking further outside Canada’s major cities and it’s heating up small town real estate in a way usually seen in big cities.

Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.

Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a so-called agricultural farm.

Canada: 'No choice' but to close Toronto schools, says medical health officer

CBC News really shows that the high community spread of the Covid-19 coronavirus, particularly the variants, was the key factor in the decision to close Toronto schools, says Dr. Eileen de Villa, Toronto's medical officer of health. 'The risk was going up,' she said. Canada has made certain lockdown decisions.

Here's why Canada's real estate market remains 'on fire'

CTV News shows that house sales in Toronto reached a record 15,652 last month, up 97 per cent from 7,945 during the same time last year. Canada's real estate market certainly remains 'on fire.'

Canada: How will Ontario hold up through the latest lockdown?

CBC News certainly shows that as Ontario's new stay-at-home order begins, CEO of the Ontario Hospital Association Anthony Dale says the measures are essential because the province has lost control of the virus and its variants.

When will the Canada-U.S. border reopen for non-essential travel?

CBC News shows that Intergovernmental Affairs Minister Dominic LeBlanc tells Power & Politics that Canada needs more robust advice from scientists before laying out a plan to reopen the Canada-U.S. border.

The Canada-USA border, officially known as the International Boundary, is the longest international border in the world between 2 countries. The terrestrial boundary (including boundaries in the Great Lakes, Atlantic and Pacific coasts) is 8,891 kilometers (5,525 mi) long. The land border has 2 sections: Canada's border with the contiguous U.S. to its south, and Canada's border with the U.S. state of Alaska to its west.

Canada’s worsening 3rd wave

CBC News: The National shows that Canada’s 3rd wave of COVID-19 continues to get worse with surging cases and increasing hospitalizations forcing the provinces to pivot restrictions and vaccinations.

Important Canadian research is looking into why there’s such a range of COVID-19 symptoms.

Most people who are infected with the SARS-CoV-2 virus certainly have respiratory symptoms. They start to feel a little bit unwell, they will have a fever, they may have a cough or a sore throat or sneeze. In some individuals, they may have gastrointestinal symptoms. Others may lose the sense of smell or the sense of taste.