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Toronto Mortgage, Finance And Other News 19-06-2016

June 19, 2016

In this week’s Toronto mortgage, finance and other news stories range from more Canadians spend their retirement years working, Toronto Public Library (TPL) and Google Canada today announced an innovative wi-fi hotspot and Toronto Blue Jays slugger Jose Bautista out at least two weeks with sprained left toe. Check it out below!

Goodbye Freedom 55: More Canadians spend their retirement years working. http://www.cbc.ca/news/business/canada-retirement-age-rising-1.3638733

Toronto City council needs to prepare for the correction in the housing market that the Bank of Canada governor says is just around the corner. https://nowtoronto.com/news/torontos-real-estate-market-is-a-house-of-cards/

Canadian consumer leverage remained near a record in the first quarter as rising mortgage liabilities offset a gain in disposable income. http://www.bloomberg.com/news/articles/2016-06-14/canada-household-debt-remains-near-record-165-of-income-in-1q

Canada’s main stock index edged higher on Friday as commodities rallied and global worries about Britain voting to leave the European Union next week abated. http://finance.yahoo.com/news/canada-stocks-tsx-rises-commodities-210442909.html

Mayor John Tory, Toronto Public Library (TPL) and Google Canada today announced an innovative wi-fi hotspot lending library program that will give Torontonians free Internet at home. http://www.newswire.ca/news-releases/toronto-public-library-mayor-tory-and-google-canada-announce-wi-fi-hotspot-lending-program-583122611.html

Small businesses aren’t usually in the habit of championing Walmart. But these days, many have nothing but praise for the retail behemoth, which is engaged in a public battle over merchant credit card fees. http://www.cbc.ca/news/business/walmart-visa-credit-card-payment-fees-1.3639473

Only Drake can make Scarborough seem exotic, creating a mythology of Toronto’s inner suburb through his lyrics and flow. https://www.thestar.com/entertainment/music/2016/06/19/how-much-is-drakes-endorsement-worth-to-toronto-3-billion.html

In an interview in Toronto, Chief Executive Officer Linda Hasenfratz declined to give specifics about the discussions but said she was excited about the potential to work with new players in the auto industry. http://www.bloomberg.com/news/articles/2016-06-16/auto-parts-maker-linamar-says-it-has-talked-with-apple-google

Toronto Blue Jays slugger Jose Bautista out at least two weeks with sprained left toe. http://news.nationalpost.com/sports/mlb/toronto-blue-jays-slugger-jose-bautista-out-at-least-two-weeks-with-sprained-left-toe

Toronto FC teammates celebrate Drew Moor’s goal against the LA Galaxy during second half MLS soccer action in Toronto. http://www.cp24.com/sports/toronto-fc-notches-first-win-against-l-a-galaxy-in-11-attempts-1.2952005

Toronto Blue Jays shortstop Troy Tulowitzki has been activated from the 15-day disabled list after missing three weeks with a leg injury. http://www.cbc.ca/sports/baseball/mlb/troy-tulowitzki-blue-jays-1.3642014


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