The government-backed Canada Mortgage and Housing Corp said on Thursday it would tighten rules for offering mortgage insurance from July 1, after forecasting declines of between 9 and 18 per cent in home prices over the next 12 months. The move would make it harder for riskier borrowers, who offer downpayments of less than 20 per cent to access CMHC's default mortgage insurance. CMHC is establishing a minimum credit score of 680 instead of the current 600, the group said in an emailed statement. The measures will help curtail "excessive demand and unsustainable house price growth," CMHC CEO Evan Siddall said in the statement. CMHC is the top mortgage insurer, while Genworth MI Canada and other private companies also provide similar products.
June 05, 2020 15:21 UTC
The federal government is providing $14 billion to the provinces and territories to help them "safely and carefully" reopen their economies — but the premier of Canada's most populous province says it's not nearly enough. Watch: Prime Minister Justin Trudeau announces $14B for economic restartPrime Minister Justin Trudeau says the federal government is working on a "safe restart agreement" with provinces and territories and providing them with $14 billion to help them reopen their economies. "We really are approaching this by saying to the provinces and territories, 'We understand that a safe restart is essential and that it is expensive,'" she said. We are going to be there to support Canadians across the country and that is what we're doing here." Freeland also stressed that the federal funds are meant to help with the first six to eight months of economic recovery.
June 05, 2020 14:37 UTC
"There wasn't another single black person I could find that had a business that I could talk to," she said. Business owners in Vancouver speak about racism in the city. Despite his efforts to promote Caribbean and African culture in Vancouver, Collins says he often experiences racism in the city. LISTEN: Vancouver Entrepreneur Akeem Pierre talks about how people need to go beyond just posting about racism on social media. Business owners in Vancouver speak about racism in the city.
June 05, 2020 14:00 UTC
SOMEWHERE NEAR RESERVE, New Mexico (Reuters) - To leave society behind was a wedding vow Wendell and Mariann spoke only to each other. Wendell and Mariann Hardy had lived most of their lives in the fast-growing southwestern city of Tucson, Arizona. Wendell took a job installing windows at Mariann's cabin. Decades later, a pandemic has thrust the concept of social distancing into the daily lexicon and lives of Americans. Yet truly remote living, the path Wendell and Mariann have chosen, comes with hardships and dangers of its own.
June 05, 2020 13:52 UTC
Intense public anger has erupted in Mexico after a man who had been taken into custody because he failed to wear a face mask in public was later beaten to death. Those who were with López can be heard in clips asking how officers could justify taking the man away for simply not wearing a mask. COPS MURDERED GIOVANNIGiovanni López, 30yo day laborer arrested for not wearing a mask, criminalised by cops and brutally beaten to death bc he belongs to the Mexican racialized underclass. Other officers could then be seen trying to aid the stricken policeman, but the officer’s health status is unclear. Jalisco’s governor, Enrique Alfaro, had implemented some of Mexico’s tightest laws on face mask use to combat the COVID-19 pandemic.
June 05, 2020 13:41 UTC
After losing more than three million jobs in March and April, Canada's economy added 290,000 jobs in May, Statistics Canada reported Friday. The vast majority of the new jobs came in Quebec, which added 230,900. Every other province added jobs, except Ontario which lost 64,500 positions. The average expectation for the job numbers from economists polled by Bloomberg was for a loss of about 500,000 more jobs. That was his call before the numbers came out, and his optimism proved prescient.
June 05, 2020 12:43 UTC
THE LATEST:Friday's daily update on COVID-19 in B.C. As of Thursday, there have been 2,632 confirmed cases of COVID-19 in B.C. has confirmed 2,632 cases of COVID-19, including 166 people who have died. within the next few weeks, but that will depend on whether we continue to flatten the curve of COVID-19 infection, according to Dr. Bonnie Henry. Find information about COVID-19 from the B.C.
June 05, 2020 12:00 UTC
ET Friday, there were 93,726 confirmed and presumptive coronavirus cases in Canada, with 51,739 cases considered recovered or resolved. Read on for a look at what's happening around the world. The government says the virus spread because people did not adhere to physical distancing regulations. South Africa has seen its largest daily jump in new coronavirus cases. Thursday was the third straight day with a new daily high for Brazil's coronavirus deaths.
June 05, 2020 11:48 UTC
Bombardier will lay off 2,500 aviation workers throughout the year as the company struggles to keep its operations afloat during the COVID-19 pandemic. Union disappointed by decisionThe International Association of Machinists and Aerospace Workers, the union that represents Bombardier workers, said it was disappointed by the company's decision Friday. He said it has been absent in supporting the aerospace industry as a whole. "Obviously, the aerospace industry, airlines, are particularly affected with the ceasing of global travel and with the fact that the demand for purchasing business jets has decreased dramatically," said Trudeau. "The government has already invested a lot of money in Bombardier," he said at the time, calling Couillard's investment a "mistake."
June 05, 2020 10:53 UTC
9:50 a.m.: India's Health Ministry on Friday reported another record spike in new coronavirus cases — more than 9,800 in 24 hours. India now has 226,770 confirmed cases with 6,348 deaths, 273 of them in the past 24 hours, the ministry said. The government said Friday that the economy added 2.5 million jobs last month, driving unemployment down from 14.7% in April. 8:30 a.m. (updated): Statistics Canada reports a record high unemployment rate as the economy added 289,600 jobs in May, with businesses reopening amid easing public health restrictions. With 183 new COVID-19 cases, the city also accounted for more than half the province’s of total cases today.
June 05, 2020 10:13 UTC
The latest RCDSO guidelines, however, suggest wearing either an N95 mask or a lower level of protection like a surgical mask for any procedures generating aerosols. Longtime dental hygienists Lori Gallant, left, and Angela Fuller are among those raising concerns about differing guidelines between the two dental regulating bodies. But Lisa Taylor, CEO of the CDHO, said she understands why Ontario dental hygienists feel "concern and frustration" over the guidelines from another regulatory body. The latest RCDSO guidelines under fire this week were issued on May 31, and the CDHO was "not made aware" of the update in advance. Indeed, acquiring enough personal protective equipment is a concern for dental hygienists like Iancu, whose new clinic was supposed to open months ago but has remained closed since COVID-19 began spreading in Ontario.
In Thursday's public health briefing, P.E.I. 's Chief Public Health Officer Dr. Heather Morrison gave some advice to those planning to participate in anti-black racism demonstrations in the coming days. "We've seen [protests] across the country and recognize that racism is a public health issue, and it's really about giving advice," said Morrison. (Cody MacKay/CBC)In an interview with CBC News: Compass host Louise Martin, Morrison said her comment around racism being a public health issue comes after John Hopkins' school of public health called racism and the killing of Floyd a public health "crisis." "A lot of what public health speaks to is also about equity and I think racism of course is a part of that approach of wanting to talk about equity and how important it is," Morrison said.
COVID-19 restrictions are holding up ambitious research on ocean climate change and its impact on coastal communities in Atlantic Canada and the North. "We simply cannot do certain types of research right now and field research is not happening," said Anya Waite, scientific director of the Ocean Frontier Institute. This week, the institute, a consortium of Dalhousie University, Memorial University and the University of Prince Edward Island, announced $16 million in funding for six research projects running to 2023. In addition to the Nunavaist and biological carbon pump studies, four other projects were approved:$1.2 million to examine the connection between ocean, marine life and human health. $2 million for ocean mapping to understand the impact of climate on marine life at or near the ocean floor.
Alberta's health minister discarded a ready-to-go job competition to find the province's next health advocate in favour of appointing a UCP stalwart. Janice Harrington, a former UCP executive director, was named health and mental health patient advocate in November. Janice Harrington was appointed Alberta's health and mental health advocate in November. Every health advocate must be approved by the health minister, then an appointment is made official through an order in council. Both Williams and Grauwiler agree it's time to take a deeper look at the efficacy of the health and mental health advocate position — and look at overhauling it.
While hospitals are under the control of the regional health authorities, home care and long term care are the responsibility of the Dept. She said New Brunswick is the only jurisdiction in Canada where home care and long term care aren't provided by the health department. Karen McGrath, President and CEO of Horizon Health, says New Brunswick's health care system is "fractured" and home care and long term care must become the responsibility of the health authorities. Lessons learned from COVID-19McGrath hopes the pressure that's recently been put on the health care system will lead to timely change. "Hopefully the pandemic will shine a light — it's certainly shining a light on long term care in Canada and the provision of service for our older adults.