Ovintiv to buy oil-rich assets in Canada's Montney shale for $2.38 billion – Reuters + MORE Nov 14th

JASPER, ALBERTA, CANADA – Business owners in the fire-ravaged Rocky Mountain resort town of Jasper are getting some financial help getting back on their feet.

The rate at which Canadian rental prices are increasing should slow in the coming years as the government’s plan to cut back immigration numbers takes hold, a new report from Desjardins says.

“Our outlook is for a slowdown in the pace of rent inflation over the next few years, in line with a rising unemployment rate and weaker population growth,” it predicted.

Rents have been rising fast and rent inflation is “much higher” than increases in the price of owned homes, it said. Inflation of rented accommodation was 8.3% in the third quarter of this year, “the fastest pace since the early 1980s.”

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Canada sets new immigration targets

Last month, the federal government announced plans to slash Canada’s immigration targets by 20% as the government faced increased pressure to address the cost and availability of housing…

Ovintiv to buy oil-rich assets in Canada’s Montney shale for $2.38 billion  ReutersOvintiv consolidates holdings with $3.3-billion Montney buy, $2.8-billion Uinta sale  The Globe and MailParamount Resources Ltd. announces $3.325 billion asset sale  BOE ReportOvintiv is buying Montney shale assets in Canada for $3.3 billion  Financial PostThe Daily Chase: Ovintiv strikes a deal in the Montney  BNN Bloomberg