FEDS SEEK TO EASE HOUSING MARKET RISKS
The federal government is taking steps to ease emerging risks in the housing market. Starting Oct. 17, all insured mortgages will have to undergo a stress test to determine whether a borrower could still make mortgage payments if faced with higher interest rates or less income. On Nov. 30, several eligibility rules will tighten on mortgages where borrowers made down payments of at least 20 per cent of the purchase price.
DROP COSTLY BIOFUEL SUBSIDIES, REPORT SAYS
A blue-chip group of economists says federal and provincial biofuel subsidies are an expensive experiment and it’s time to let them expire. A study released today by Canada’s Ecofiscal Commission finds that ethanol and biodiesel policies cost consumers and governments about $640 million a year — while cutting Canada’s greenhouse gas emissions by about three million tonnes annually.
MANY MILITARY SEX OFFENCES INVOLVED CADETS
The Canadian Forces says it is taking a close look to ensure there are no policy gaps when it comes to protecting its cadets, as figures show many alleged military sexual offences involved youth in uniform. The figures show 30 per cent of alleged sexual offences reported to military police last year involved cadets. The actual number of complaints has more than doubled — from 19 in 2013 to 39 in 2015.
JUDGE TEMPORARILY MUZZLES MONTREAL PIT BULL BAN
A Quebec judge has temporarily suspended Montreal’s controversial pit bull bylaw. Superior Court Justice Louis Gouin heard arguments for a temporary stay and then authorized the immediate suspension of the pit bull-related clauses until 5 p.m. on Wednesday. He is expected to rule before then on whether the law should remain suspended until the legal case being mounted by the Montreal SPCA against it can be heard.
FOR THE BLUE JAYS, IT’S WIN AND ADVANCE OR LOSE AND GO HOME.
The Toronto Blue Jays and Baltimore Orioles lock horns tonight at Rogers Centre in the American League wild-card game. While the Blue Jays had a 10-9 edge in the season series against the Orioles, Baltimore took two of three games from the Jays last week in Toronto. Marcus Stroman will start for Toronto versus Chris Tillman. First pitch is just after 8 p.m. ET.