Sky-high household debt acquired during a period of low interest rates now needs refinancing at much higher rates. The table shows outstanding debt for several categories of mortgage and non-mortgage debt, interest paid and a projection of additional interest costs at the full four percentage point interest rate hike. Credit card rates are an exception, as they generally have fixed (albeit very high) interest rates. Some debt is retired each year, and higher rates may push some to retire debt early before getting hit by higher rates. Higher interest rates represent a windfall for the banks and show that high interest rates are good for the rentier class that makes its profits lending money.

Canada’s 22nd Prime Minister, the Right Honourable Stephen J. Harper, was in South Korean on this date in 2009. He made history on his visit in becoming the first-ever Canadian PM to address South Korea’s national assembly. In his address, Harper recalled Canada’s proud service in the cause of freedom during the Korean War. There is no doubt the cause of Korean freedom was just and necessary. There is no doubt the cause of Korean freedom was just and necessary.

Doctors say influenza spread is starting to hit older adults as surveillance levels indicate the hospitalization rate of seniors is not that far behind that of children. Hospitalizations among both young children and seniors have increased sharply over recent weeks during a flu season that started earlier than usual. ”We have, you know, a bit of a perfect storm with a monster influenza season that started early and rose quickly. We have subpar influenza vaccine uptake. However, there have been some “hassles” with people still having to get their flu and COVID-19 vaccines separately, Sinha said.

A new professional women’s soccer league is set to arrive in Canada in 2025, with Diana Matheson and Christine Sinclair at the forefront of it all. BREAKING: PRO WOMEN'S SOCCER IS COMING TO CANADA. Christine Sinclair and Diana Matheson have revealed a professional Canadian women's league set for kickoff in 2025. - 8 teams from coast-to-coast- 1 #CanWNT player on each teamMORE: https://t.co/WDW55QFYsN pic.twitter.com/4ra2FBD3Hx — Ben Steiner (@BenSteiner00) December 6, 2022“We are thrilled to announce that the development of a Canadian professional women’s soccer league is well underway,” Matheson said in a statement. “We look forward to working with stakeholders across the Canadian soccer environment to make this league successful.”

© Julie Van Rosendaal These Nanaimo bar cookies take all the classic flavours of a Nanaimo bar and transform them into cookie goodness. Whether you're able to join us or not, you may be interested in the recipes we're making this year. Just before the shortbread is done, melt the butter in a small saucepan and whisk in the golden syrup, icing sugar, ginger and vanilla. To make the filling, beat the butter, icing sugar, custard powder, cream and vanilla (if you're using it) until smooth and fluffy, adding a bit more cream or icing sugar as needed to create a spreadable frosting. In a small bowl, melt the chocolate and butter in the microwave in 10-second increments, stirring in between, until smooth.

He and his neighbours in Montreal's Mercier-Ouest neighbourhood have repeatedly dealt with flooding and sewer backups. But it's above all the sewage system [that doesn't have the] capacity," he said. The borough of Mercier–Hochelaga-Maisonneuve is hoping to address the flooding problem, without ripping up the sewage system itself, in part by using a local park to try to absorb the water. The borough of Mercier–Hochelaga-Maisonneuve is hoping to address the flooding problem by using Pierre-Bédard Park to absorb the water. Peter Gleeson stands over plans showing the borough's sewer system.

International group created to tackle antimicrobial resistance health challenge(FAO.org)AMR is a threat to human health and the global food system. Ottawa- An Antimicrobial Resistance Multi-Stakeholder Partnership Platform has been established by four international organizations to ensure the growing threats and impacts of antimicrobial resistance (AMR) are addressed globally. The U.N.’s Food and Agriculture Organization (FAO) and Environment Program (UNEP) are joining forces with the World Health Organization (WHO) and the World Organization for Animal Health (WOAH) to form the Quadripartite to raise awareness of the threat AMR presents to humans, animals, plants, ecosystems and livelihoods. Health Canada issued a lengthy document on the threat AMR posed back in 2003, which was part of the then growing awareness of the health challenge. An estimated 1.3 million people around the world die each year directly due to AMR, the Quadripartite said.

If you’re holiday gift shopping, it’s hard to go wrong with a gift that inspires them to relax and live their best lives. Whether you wrap up a fancy bar of soap, luxurious bath oil or a meditation cushion, they’ll appreciate these Canadian and female-founded feel-good gifts. While Lohn’s candles are a favourite, their Pebble Diffuser and Essential Oil Duo gently scents your space. The Mod Meditation Cushion’s design helps you meditate comfortably and for longer by providing enough height to let your hips to soften and relax. The Health Hut offers holiday gift boxes starting at $64 while the Gift Refinery’s curated seasonal boxes include products from female-founded Canadian brands, like the Hello Winter Box ($124.96).

It may be the most unkindest cut of all for touring musicians and Cadence Weapon wants it to stop. Rollie Pemberton, has announced an initiative that he hopes will stop an enduring music industry practice: venues taking a percentage of an artist’s merchandising sales, which Pemberton said is undeserved. “The thing that is really frustrating about this is that we (artists) pay for the merch to be manufactured,” he said during a recent phone call. “I played a lot of festivals this year and I had to kick in hundreds of dollars over the summer,” he complained. “It’s on a lot of people’s minds and I’m done with the ‘way things were done in the past’ mentality.

Hogan estimated that as of May 2022, the government had spent about $5 billion on 169 million COVID-19 vaccine doses. She estimated that, based on a cost of about $30 per dose, the government had spent about $5 billion on 169 million vaccine doses by May 2022. By that point, however, only 15.3 million shots had been delivered to countries in need, the auditor general found, while another 13.6 million doses had expired without being used. In the months since, the government managed to donate another 11 million doses, while 10 million other doses expired on storage shelves, Hogan told reporters. That means more than 23 million COVID-19 vaccine doses have been wasted so far.

In This Story: CanadaCanada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area. Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

OTTAWA - Baseball Canada is thrilled to announce that Greg Hamilton has been named the winner of Baseball America’s Tony Gwynn Award for 2022 in recognition of his lifetime achievement and contributions to the game of baseball. “On behalf of Baseball Canada’s executive, board of directors and staff we’re thrilled for Greg and his family on this well-deserved honour,” said Baseball Canada CEO Jason Dickson. From 1992-1995, he was the Pitching Coach with the Senior National Team before taking over the Junior National Team program in 1996. Hamilton joined Baseball Canada full time in 1998 as Director National Teams and Head Coach of the Junior National Team (U-18), positions he still holds today. Hamilton’s greatest impact in baseball and on the lives of others has been through Baseball Canada’s Junior National Team program, a program that he’s developed and nurtured since the late 90’s.

Murray Sinclair to help AFN with conflict resolution after ‘turmoil’: national chiefOTTAWA — Murray Sinclair, a former senator and commissioner of the Truth and Reconciliation Commission, will help the Assembly of First Nations with conflict resolution in 2023, national chief RoseAnne Archibald said Tuesday. That conflict played out in public during the last AFN gathering in Vancouver in July. "We can't spend another minute, never mind a chiefs' assembly, in turmoil," said Archibald. Chisholm says the investigators looking into the matter are independent and she committed to address any concerns parties have, expressing hope an interview with the national chief would happen this month. "In the new year, former justice and senator Murray Sinclair will be assisting us with conflict resolution and mediation."

‘Bumbling and stumbling’: Alberta’s UCP caucus votes for changes to sovereignty billEDMONTON — Alberta's governing United Conservative caucus says it wants changes to fix a bill that grants sweeping, unchecked powers to Premier Danielle Smith and her cabinet to pass laws behind closed doors without the scrutiny and approval of the legislature. Smith, meanwhile, is facing Opposition demands to explain to Albertans whether she is authoritarian or incompetent, given the way her signature sovereignty bill has rolled out. The caucus also voted to change the act to more narrowly spell out when cabinet can take action. Under the current bill, cabinet has wide latitude to respond to whatever federal law policy or program it deems harmful to Alberta’s interests. Business groups, including the Calgary Chamber of Commerce, warn the legal uncertainty surrounding the bill is not good for investment.

But the nod for acoustic guitar of the year for 2022 didn't go to Yamaha. And it didn't go to Taylor Guitars or Martin Guitars — it went to Riversong Guitars of Kamloops, B.C. Riversong's P2P River Pacific was announced on Sunday as the acoustic category winner in the prestigious Musical Merchandise Review (MMR) Dealers' Choice Awards. In the 30-year history of the international awards, Riversong owner and P2P guitar inventor Mike Miltimore said this is the first time a Canadian company has won acoustic guitar of the year. © Marcella Bernardo/CBC Jeremy Kneeshaw, left, and Mike Miltimore strum away on award-winning P2P River Pacific acoustic guitars on Monday, Dec. 5, at Riversong Guitars in Kamloops, B.C.