Canadian Census, Wall Street Compensation, and Interest Rates

Thursday morning news drop

  • Canada’s 2021 census reveals the Maritimes and downtown cores are where the country is growing Populations in the Maritimes grew faster over the past five years than those in the Prairie provinces, the latest census data reveals, reversing a trend dating to the 1940s. (Globe and Mail)

  • B.C. has 4 of Canada's fastest growing metropolitan areas, census data shows Population of areas centred on Kelowna, Chilliwack, Nanaimo and Kamloops has risen at least 10% since 2016 (CBC)

  • Wall Street Opens Its Wallet to Keep Talent. It’s Not Always Enough.Banks are raising pay to fend off investment firms, fintechs and crypto start-ups. Still, leaving is often about something other than “always having more and more.” (New York Times)

  • Beware the FOMO Bullies of Technology Are we living through a replay of the ’90s, when most people just didn’t get “this internet thing”? (The Atlantic)

  • Why This Could Be a Critical Year for Electric Cars Booming in a depressed market, battery-powered vehicles are a plus for the climate but pose a big threat to carmakers and parts suppliers that are slow to change. (New York Times)

  • Amy Coney Barrett’s Long Game The newest Supreme Court Justice isn’t just another conservative—she’s the product of a Christian legal movement that is intent on remaking America. (The New Yorker)

  • Is the ‘Dream’ of Homeownership a False Promise? In “Owned: A Tale of Two Americas,” director Giorgio Angelini traces the origins of a discriminatory housing market. (Bloomberg)

  • Fixed or variable? A risk analysis We’re at a somewhat unique moment in time for mortgage rates. One the one hand the gap between variable and fixed rates is huge and has made variable rates more tempting than ever for Canadians. On the other hand our central bank has essentially guaranteed that rates will be going up this year, which means that gap is set to shrink. (House Hunt Victoria)

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