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Nova Scotia - Steep price drops will bring ‘sanity’ back to housing market in 2023: Desjardins - globalnews.ca - Canada - city New Brunswick - county Prince Edward
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Steep price drops will bring ‘sanity’ back to housing market in 2023: Desjardins
home price in Canada will decline by nearly 25 per cent by the end of 2023 from the peak reached in February of this year.In its latest residential real estate outlook published on Thursday, Desjardins says it’s expecting a sharp correction in the housing market, adjusting its previous forecast that predicted a 15-per-cent drop in the average home price over that same period.Desjardins says the worsened outlook stems from both weaker housing data and more aggressive monetary policy than previously anticipated.The Bank of Canada raised its key interest rate by a full percentage point in July, pushing up the borrowing rates linked to mortgages, and further increases are expected this year. Here’s how high interest rates are impacting Canada’s condo demand The report also notes housing prices have dropped by more than four per cent in each of the three months that followed February, when the national average home price hit a record $816,720.Despite the adjustment in the forecast, prices are still expected to be above the pre-pandemic level at the end of 2023.Regionally, the report says the largest price corrections are most likely to occur in New Brunswick, Nova Scotia and Prince Edward Island, where prices skyrocketed during the pandemic.“While we don’t want to diminish the difficulties some Canadians are facing, this adjustment is helping to bring some sanity back to Canadian real estate,” the report said.The authors also note that the upcoming economic slowdown will ease inflationary pressures enough for the Bank of Canada to begin reversing interest rate hikes.
Amanda Todd - Aydin Coban - Amanda Todd trial: guilty verdict on five charges for Aydin Coban - globalnews.ca - Britain - city Columbia, Britain
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Amanda Todd trial: guilty verdict on five charges for Aydin Coban
@GlobalBC— Rumina Daya (@rdayaglobal) August 6, 2022Justice Martha Devlin provided instructions to the jury before deliberations began, telling them to take “special care” with the statements given by Amanda Todd before her death.Devlin said because Todd died in October 2012 and therefore did not testify or face cross-examination by Aydin Coban’s lawyers, the jury needs to be aware of the limitations of evidence given.Jury members were told to carefully examine the statements Todd gave to her parents, police officers and in her electronic communications when they considered Coban’s verdict. Jury now deliberating in online extortion case of British Columbia teen The trial hinged on the identity of what the Crown has called the “sextortionist” that used 22 online aliases to sexually blackmail Todd over four “episodes” before she took her life in 2012.The Crown’s theory is built on two propositions: that one person operated all of the accounts, and that the one person is Coban.However, defence lawyer Joseph Saulnier told the 12-member jury that evidence from the two drives tells a different story.Facebook records for several of the aliases presented at trial showed the extortionist using operating systems and Internet browsers through 2012 and into late 2013 that were not found on either hard drive, he told the court.“This is a significant hole in Crown’s theory,” he said.
Statistics Canada - Could robots take your job? How automation is changing the future of work - globalnews.ca - Canada - Providence, state Rhode Island - state Rhode Island
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Could robots take your job? How automation is changing the future of work
automated future sits inconspicuously off Baldwin Street in Toronto’s busy Kensington Market.The RC Coffee Robo Cafe, which juts out slightly from the brick wall by the sidewalk, bills itself as Canada’s first robotic café.As opposed to a vending-machine brew that dispenses coffee from hand-filled urns, the robotic barista makes each cup of coffee, espresso, latte and more by request, ready in just a few moments.For Jasmine Arnold, visiting Toronto from Providence, R.I., the iced matcha prepared at RC Coffee topped drinks dispensed by a vending machine and was on par with coffee served at a chain.While the drink went down smooth, she told Global News the experience was unique if a little jarring.“I have mixed feelings about a robot, from a jobs perspective,” she said, expressing some discomfort about what this means for the prospects of human baristas. Canada shed jobs for 2nd straight month in July, unemployment rate unchanged After trying his own robo-poured beverage, Arnold’s partner Eric echoed her sentiments but noted that with the pandemic changing our expectations of what work can be done from where, it seemed to align with recent shifts in work.“I think this is kind of where we’re going as a society,” he said.Workforce shifts driven by a tight labour market and the COVID-19 pandemic are opening the door to a faster adoption of automated solutions, but at least one expert is warning that Canada might not be prepared for how quickly robotic workers are set to transform the economy.Statistics Canada said Friday that though Canada shed some 31,000 jobs in July, the country’s unemployment rate remained at its lowest ever at 4.9 per cent last month.
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