Tuesday morning news drop
Profits just about double at BMO and Scotia as big banks post quarterly earnings Banks setting aside far less money to cover bad loans than earlier in pandemic (CBC)
Unprecedented collapse' in lumber prices forces one Canadian sawmill to curb production Lumber companies may have added too much production, too quickly, with lumber sinking 70 per cent since May (Financial Post)
Carson Jerema: Why the best housing-affordability plan for Canada is no plan at all Vacant-property taxes and bans on foreign buyers don't address why the market is overheated (National Post)
Ten things to know about the federal Conservatives’ housing platform With a federal election taking place in Canada on September 20, the Conservative Party of Canada has released its platform, which includes several housing-related measures; they include a pledge to create one million new homes in the first three years of a Conservative government. (Nick Falvo)
Trudeau promises new incentives worth billions and a tax on 'flipping' to help Canadians buy a home Liberal Party releases aggressive housing plan amid a COVID-fuelled boom (CBC)
Ten things to know about the federal NDP’s housing platform With a federal election taking place in Canada on September 20, the New Democratic Party (NDP) of Canada has released its platform, which includes important housing-related measures. (Nick Falvo)
I served in Afghanistan as a US Marine, twice. Here’s the truth in two sentences: 1: For 20 years, politicians, elites + DC military leaders lied to us about Afghanistan. 2: What happened last week was inevitable + anyone saying differently is still lying to you.” (Yahoo News)
If You Bought Municipal Bonds a Long Time Ago, This Is a Great Time Prices surge, hurting yields for new investors, as Biden comments ignite tax-increase fears and local governments weather Covid-19 (Wall Street Journal)
The First Step Toward Protecting Everyone Else From Teslas Why the government’s clever investigation into “Autopilot” might actually work (Slate)
Who Has the Cure for America’s Declining Birthrate? Canada. Over the last century, two moments that transformed America and positioned it as the global economic leader were the post-World War II economic boom and the I.T. revolution of the 1990s. In both cases, America tore down many forms of discrimination and other barriers to harness the talents of marginalized groups in the country and to welcome new ones, injecting demographic vitality into the economy. To continue America’s upward trajectory in the 21st century, the country must reverse its current demographic decline. (New York Times)
The Delta Variant Is Sending More Children to the Hospital. Are They Sicker, Too? It is not yet clear whether the Delta variant causes more severe disease in children, but its high level of infectiousness is causing a surge of pediatric Covid-19 cases. (New York Times)
