Business

The Canadian housing boom will stop next year due to higher mortgage rates - a Reuters survey

The Canadian housing boom will stop next year due to higher mortgage rates – a Reuters survey

Author: Shrutee Sarkar BENGALURU (Reuters) – Real estate price inflation in Canada will slow to 10% this year as the Bank of Canada aggressively raises interest rates, a Reuters survey of real estate experts found. Although prices will fall slightly in 2023, this will not be enough to improve availability due to rising mortgage costs, …

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Russia is restricting gas supplies to the Netherlands and companies in Denmark and Germany

Russia has further halted gas supplies to Europe after state energy giant Gazprom shut off taps at a leading Dutch trader and stopped flows to some companies in Denmark and Germany. The intensification of the economic battle on Tuesday over the Russian invasion of Ukraine follows a nightly decision by the EU to impose an …

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Gold Fields to become world’s no. 4 gold miner with Yamana buy

Golden fields will become world number one. 4 gold diggers with the acquisition of Yamana

The merged company, headquartered in Johannesburg, will have a market capitalization of $ 15.9 billion. Gold Fields shareholders will own approximately 61% of the miner’s shares, while Yamana holders will own the remaining 39%. The move fits in with Gold Fields ‘ambitions to expand across America, especially in the Southern Hemisphere, despite investors’ concerns about …

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