Month: September 2016

Lower-for-longer interest rates require adjustments, Governor Poloz says

Canadians need to understand the forces that have led to a prolonged period of low interest rates and make adjustments, Bank of Canada Governor Stephen S. Poloz said. In a speech to the Association des économistes québécois, the Cercle finance du Québec and CFA Québec, Governor Poloz talked about the need for companies and households to adjust to the reality of interest rates that are likely to remain at low levels for a long time. Factors that restrain an economy’s speed limit—particularly aging workforces—are driving down interest rates in many countries. Lower-for-longer interest rates have made it more difficult...

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De Grasse makes speedy return to old school

As you can imagine, Andre De Grasse, multiple Olympic medalist and Markham hometown hero is a busy guy. But despite being pulled in many directions since becoming a household name in sport, he made sure one direction he still wants to go was back to hometown, Markham. But while he will be at the head of a parade, partly in his honour this Sunday that goes Sunday afternoon from the Varley Gallery on Main St. Unionville to the Pan Am Centre at the foot of the street where he will be feted along with other local Olympians, there was another stop...

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Suspect sought in residential break and enter investigation

York Regional Police is seeking public assistance in identifying a man that was captured on video surveillance trying to enter a home in the City of Markham. On Friday, August 19, 2016, between 12 am and 5 am, a suspect committed entries into at least three homes in the area of Carlton Road and Kennedy Road. The suspect entered the homes through unlocked doors. Once inside he stole jewelry, cash, and electronics. In most of the reported incidents residents were inside sleeping at the time of the entry, but did not hear the suspect. The suspect was captured on...

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