Edmonton real estate market burdened by job losses, stunted growth – CBC.ca + MORE Oct 26th

Reuters CanadaTSX falls as energy stocks and earnings disappointments weighReuters CanadaTORONTO (Reuters) – Canada's main stock index fell on Wednesday as energy shares followed oil prices lower, a small financial technology company plunged after missing earnings expectations, and Canadian National Railway Co CNR.TO weighed after …Canada stocks lower at close of trade; S&P/TSX Composite down 0.42%Investing.comEnergy losses lead TSX lower, gold miners limit fallCosumnes Connection (subscription)all 12 news articles »

PALO ALTO, Calif. – PALO ALTO, Calif. (AP) _ Tesla Motors Inc. (TSLA) on Wednesday reported third-quarter net income of $21.9 million, after reporting a loss in the same period a year earlier.
The Palo Alto, California-based company said it had net income of 14 cents per share. Earnings, adjusted for stock option expense, came to 71 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 54 cents per share.
The electric car maker posted revenue of $2.3 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.94 billion.
Tesla shares have fallen 16 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $202.24, a drop of 6 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSLA at http://www…

CIBC is seeking a no contest settlement with the Ontario Securities Commission after its investment business had been accidentally overcharging some of its customers for as much as 14 years.

Bill Morneau, Canada’s finance minister, speaks during an interview in New York, U.S., on Wednesday, March 30, 2016. Changes to Canada’s capital gains taxation rules are not part of Prime Minister Justin Trudeau’s plan as he looks for C$3 billion in revenue from changes to the country’s tax code, Morneau said. (Chris Goodney/Bloomberg/Getty Images)
It’s been a busy few months in the political sport of real estate bubble-wrangling. What started with the B.C. government’s snap decision this past summer to impose a 15 per cent tax on foreign buyers continued when Ottawa rolled out measures to tame the real estate sector, such as making it tougher to get mortgages and limiting lenders’ access to mortgage insurance. That will unfold further as the federal government looks for ways to unload some of the risks of bad mortgages onto lenders, rather than have taxpayers shoulder all the burden.
All big moves, indeed. So here’s a question: has there ever been a time when so many economy-shaping government policies were rolled out so quickly but with less knowledge about their potential impact? We know the housing market is a significant and growing share of Canada’s economy—one might even argue that real estate now is Canada’s economy…

CBC.caEdmonton real estate market burdened by job losses, stunted growthCBC.caDemand for new homes in Edmonton has "tempered" in light of a weaker market and and reduced consumer confidence, according to new reports from the Canada Mortgage and Housing Corporation (CMHC). According to the CMHC Housing Market Outlook …CMHC issues 'red warning' amid high house prices in BC, OntarioThe Globe and MailCMHC calls for slowing housing market in 2017, but prices will continue to riseFinancial PostOttawa's housing market stable, national outlook less certainOttawa SunGlobalnews.ca -News1130 -BNN -Huffington Post Canadaall 21 news articles »