Pattie Lovett-Reid: Three real estate trends emerging from the coronavirus pandemic

TORONTO -- There is little doubt COVID-19 has wreaked havoc on more than one wedding this season. And while I'm truly disappointed for couples who had big plans for their special day, the average cost of a wedding is not insignificant.

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    Economic CBC News
    As the Canadian economy continues to adapt to the reality of the COVID-19 pandemic, some restaurants in Toronto are saying goodbye to a service industry staple: tipping. Three restaurants — Richmond Station, Ten and Burdock Brewery — have publicly signed onto doing away with the practice, with the aims of making the industry more equitable and providing service workers with access to the social safety nets afforded to other professions. Source
  • Daimler reaches deal to settle U.S. diesel emissions claims

    Economic CTV News
    BERLIN -- Daimler AG, the maker of Mercedes-Benz cars, says it has reached agreements in principle to settle U.S. claims over emissions from its diesel vehicles for over US$2.2 billion. The Stuttgart, Germany-based automaker said late Thursday that the agreements with various U.S. Source
  • As economy recovers, some Toronto restaurants commit to end tipping

    Economic CTV News
    TORONTO -- As the Canadian economy continues to adapt to the reality of the COVID-19 pandemic, some restaurants in Toronto are saying goodbye to a service industry staple: tipping. Three restaurants -- Richmond Station, Ten and Burdock Brewery -- have publicly signed onto doing away with the practice, with the aims of making the industry more equitable and providing service workers with access to the social safety nets afforded to other professions. Source
  • McDonald's Canada to again source all beef from Canada in September

    Economic CBC News
    McDonald's Canada announced Thursday it will soon be getting all of its beef from Canada again, months after supply chain disruptions here due to COVID-19 spurred it to bring in the meat from outside the country. It will switch back to 100 per cent Canadian beef beginning in September, McDonald's Canada president John Betts announced during the Canadian Beef Industry Conference. Source
  • Bank of Canada cuts benchmark mortgage rate to lowest level in three years

    Economic CTV News
    OTTAWA -- The Bank of Canada has cut its benchmark five-year mortgage rate to 4.79 per cent, the second cut in three months. The central bank in May had trimmed the rate to 4.94 per cent from 5.04 per cent. Source
  • Key mortgage stress test rate eases, gives borrowers a little more room

    Economic CTV News
    OTTAWA -- House-hunting Canadians saw their buying power increase this week as the benchmark five-year mortgage rate reported by the Bank of Canada fell for the third time this year, easing a key stress test faced by borrowers. Source
  • McDonald's returns to 100 per cent Canadian beef after COVID-19 supply chain issues

    Economic CTV News
    TORONTO -- McDonald's Canada says it will return to sourcing only Canadian beef in September after having to import beef temporarily due to COVID-19. The fast-food chain said in late April it would import beef from pre-approved suppliers and facilities outside the country due to limited processing capacity at Canadian suppliers. Source
  • Asian shares mixed, led by Tokyo gains, after Wall St rally

    Economic CTV News
    TOKYO -- Asian shares were mixed Thursday, cheered by the rally on Wall Street that's likely a boon for export-driven regional economies, but investors remained worried about the coronanvirus pandemic. Japan's benchmark Nikkei 225 jumped 1.8% to finish at 23,249.61. Source
  • Global shares mixed, led by Tokyo gains, after Wall St rally

    Economic CTV News
    TOKYO -- Global shares were mixed Thursday, cheered by the rally on Wall Street that's likely a boon for export-driven regional economies, despite concerns over the coronanvirus pandemic. France's CAC 40 inched down less than 0.1% in early trading, to 5,069.64, while Germany's DAX dipped 0.1% to 13,041.60. Source
  • By Canadian standards, Kamala Harris could run for the Conservatives: Don Pittis

    Economic CBC News
    If Kamala Harris fails in her bid to become vice-president of the United States, maybe she could run for leader of Canada's Conservative Party. While the Trump campaign lost no time declaring her an ally of "the radical left" following her selection as running mate by presumptive Democratic presidential nominee Joe Biden, by Canadian standards, that would be a stretch. Source