Posthaste: Why the Bank of Canada pause won't save the housing market this time

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No real recovery until the Bank cuts rates, say economists

Moscow fires cruise missiles in sea drills between Russia and Alaska

The defence ministry said Vulcan, Granit and Onyx cruise missiles were fired over distances of hundreds of kilometres to strike targets simulating enemy ships in the Bering Sea. The drills took place on Russia's Chukotka peninsula and in the Chukchi and Bering Seas, and were supervised by Admiral Nikolai Yevmenov, commander-in-chief of the Russian navy.

The rescue of a multi-million dollar boring machine trapped beneath a west Toronto street has been delayed again, with the city warning it might not be the last set-back before the project is wrapped.City staff told residents last month that the project, which was supposed to have been completed this fall, is instead expected be finished by December. Some additional restoration of the street — Old Mill Drive near Bloor Street West — will not take place until the spring.

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Posthaste: Why the Bank of Canada pause won't save the housing market this timeBank of Canada interest rate pause is not likely to revive Canada\u0027s housing market like it did in the spring, economists say. Find out more
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