Greatest Boom Ever

The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the ones in 1973, 1979 and 2022 together,” Fatih Birol, the head of the International Energy Agency (IEA), told Le Figaro newspaper.         Read more:  https://tinyurl.com/3zyujjxp  

The latest changes to provincial riding boundaries were  proceeding  normally — as boring as humanly possible — until something momentous happened.       Read more:  https://tinyurl.com/3jw2x9z9    

The all-important spring housing market is well underway, but expectations are falling short due to the war in Iran and its impact on both the U.S. economy and consumer sentiment.       Read more:  https://tinyurl.com/4hnp4hpt     

      The ongoing conflict in Iran and the closure of the Strait of Hormuz are creating unexpected ripple effects across the Canadian economy, particularly in the housing market. Despite the Bank of Canada maintaining its key interest rate, Canadian homeowners are seeing their mortgage payments increase due to geopolitical tensions thousands of miles away.     The Direct Impact on Fixed Rates   Since the conflict began in late February 2026, five-year fixed mortgage rates in Canada have risen by approximately 0.25% across all major lenders.   2       3       4    This increase  represents  a significant shift in  a short period , with insured five-year fixed rates climbing from around 3.9% to 4.2% at their peak.   4    The change has been described as a "roller coaster" by mortgage experts, with rates experiencing double-digit basis point hikes.   4   The Oil-Bond-Mortgage ...