The aftershocks of the B.C. port workers strikeagreed to a four-year tentative deal
earlier this week. Canada’s westernmost ports will re-open, but Brent Jang reports that trading has taken a hit after billions of dollars worth of cargo shipments were disrupted. The Greater Vancouver Board of Trade calculates that more than $9.6-billion of cargo had been affected as of Thursday, with the number rising each second. Meanwhile, Canada’s largest trade and industry association estimates that supply chain issues could take months to sort out – about one week for every day that B.C.
Everyone has been talking about the effect of high interest rates on houses and groceries, but its effect on driveways is equally dramatic. The new normal for, writes Rob Carrick. According to figures from data analysis company J.D. Power, the average new vehicle loan payment is about $880 per month and almost 30 per cent of buyers who finance their purchase are paying $1,000 or more. And yes, you can blame it on rising interest rates.