Month: February 2024

Charles St-Arnaud, the chief economist at Alberta Central, the central bank for the province’s credit unions, started out his inquiry with a simple question: How far would prices need to fall, or would incomes need to rise, to make housing affordable again in Canada?The answer for most cities in Canada is “too much.”Mr. St-Arnaud’s research, published this month, presents a major obstacle to efforts to make housing in Canada more affordable. It suggests that the proposals being offered by many politicians — building more houses to lower prices by increasing supply — are unlikely to make a big difference.By most…

As the war in Gaza rages on, the situation in the battered enclave is one of devastation and despair. More than 29,000 people have been killed, according to Gaza health officials, the majority in a relentless Israeli bombing campaign. Neighborhoods have been flattened, families wiped out, children orphaned, and an estimated 1.7 million people displaced.While global scrutiny grows over Israel’s conduct in the war, the Israeli military, by its assessment, has delivered a major blow to the capabilities of Hamas, killing commanders, destroying tunnels and confiscating weapons. But Prime Minister Benjamin Netanyahu’s goal of destroying Hamas remains elusive, according to…