Bloomberg Canada

Ontario Takes Over as Most Confident Canada Province

In a reversal of fortune, Ontario consumers are Canada’s most optimistic. While weaker commodity prices are threatening to undermine growth in oil-rich provinces such as Alberta, a depreciating currency and historically low interest rates are giving a boost to provinces such as Ontario that rely more on services and manufacturing, survey data show.

Financial Post

Home Capital subsidiary applying for banking licence

Home Trust Company, a Canadian mortgage lender, is applying to the Minister of Finance to become a Schedule I bank, the same designation used by the country’s largest banks.

Montreal Gazette

Yours for $220-million: Luxurious Beverly Hills ‘love palace’ is most expensive house ever to go on sale in U.S.

At a price of US$195-million ($220-million CAD), only the richest need apply to buy the most expensive house ever to go on sale in America.