Vancouver’s rental prices are falling, listings analysis suggests

Median price of 1-bedroom unit down 3.8% compared to 2018, according to analysis of Craigslist prices Vancouver’s sky-high rental prices appear to have stopped increasing. Data from one analyst even suggests the price of units have dropped. Blogger and data scientist Louie Dinh compared the prices of more than 5,700 Craigslist rental listings in March of this year with […]

Bank of Canada holds interest rate steady, hints low rates could stick around

Bank meets every 6 weeks to decide on interest rates The Bank of Canada kept its benchmark interest rate at 1.75 per cent on Wednesday. Economists who monitor the bank weren’t expecting any change to the rate, which the central bank meets to decide on every six weeks. The bank tends to cut its rate when […]

Microsoft’s cloud growth pleases Wall Street

Push to get automakers, retailers and others onto its cloud platform powered strong 3rd quarter earnings Microsoft’s ongoing push to get automakers, retailers and other businesses onto its cloud computing platform helped power the company’s third-quarter earnings ahead of Wall Street expectations Wednesday. The software maker posted fiscal third-quarter earnings of $8.8 billion US, up […]

Canfor cuts production

Canfor Corp. has announced another temporary cutback in production due to low lumber prices and the high cost of wood supplies. The company says that starting April 29 it will reduce production output by approximately 100 million board feet spread across its B.C. mills. In January, Canfor announced temporary cutbacks at three sawmills because of […]

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