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As of January 2023, residential mortgage debt stood at C$2.08 trillion ($1.53 trillion), according to the Canada Mortgage and Housing Corporation (CMHC). Mortgage rates tend to track moves in the bond market with a lag. At 6.79%, the five-year mortgage rate posted by major Canadian banks has climbed to its highest since November 2008, data from the Bank of Canada shows. When it is time for renewal, options for homeowners hoping to shop for better interest rates might be limited as they would have to re-qualify for the stress test at the latest interest rates with their new lender. "It certainly is going to be problematic for the Canadian economy if rates stay at this level."
Persons: that's, James Laird, Laird, Daniel Foch, Foch, Stephen Brown, Nivedita Balu, Fergal Smith, Denny Thomas, Jonathan Oatis Organizations: TORONTO, Bank of Canada, Canada Mortgage, Housing Corporation, Ratehub.ca, Bank of, Toronto Regional Real Estate Board, Greater Toronto Area, Reuters, North, Capital Economics, Thomson Locations: United States, Toronto, Greater Toronto, Canada, North America
ANNA ZIEMINSKI/AFP via Getty ImagesIn March 2021, the Brazilian Navy sold the aircraft carrier as scrap to a shipyard in Turkey. But the ship was rejected by Turkish authorities as it had asbestos, a toxic material often found in 20th century ships. After circling along Brazil's coast for five months after it was rejected by Turkey, the warship was moved into international waters, Time reported. It was a controversial move: Several environmental rights organizations opposed the sinking of the ship because of the asbestos it contained. "The sinking of the aircraft carrier Sao Paulo throws tons of asbestos, mercury, lead and other highly toxic substances into the seabed," Greenpeace said in a statement, per Reuters.
Brazil sinks rusting old aircraft carrier in the Atlantic
  + stars: | 2023-02-04 | by ( ) www.reuters.com   time to read: +2 min
BRASILIA, Feb 4 (Reuters) - Brazil sank a decommissioned aircraft carrier in the Atlantic Ocean off its northeast coast, the Brazilian Navy said, despite warnings from environmentalists that the rusting 1960s French-built ship would pollute the sea and the marine food chain. The 32,000-tonne carrier had been floating offshore for three months since Turkey refused it entry to be scrapped there because it was an environmental hazard and the ship was towed back to Brazil. The Clemenceau-class aircraft carrier served the French Navy for four decades as the Foch, capable of carrying 40 war planes. It then decided to sink the Sao Paulo at high sea. The company's legal representative in Brazil, Zilan Costa e Silva, said that disposal of the carrier was the Brazilian state's responsibility under the 1989 Basel Convention on the transboundary movement of hazardous wastes.
Jeffrey Epstein's Paris apartment sold for $10.5 million to Bulgarian businessman Georgi Tuchev. The listing didn't mention the apartment's connection to the late convicted sex offender. Epstein's Franco-Brazilian butler told news site Franceinfo it also had a purpose-built massage room that "a great many women" visited. Following the financier's death — and numerous fresh allegations from French women — French authorities opened their own investigation into Epstein on August 23, 2019. In 2021, his New York townhouse sold for about $51 million, while his Palm Beach mansion went for $18 million.
Fully understanding the war—who does?—may not be necessary in appreciating the disturbing, moving and sometimes too-beautiful production. But that production certainly puts a Teutonic tweak on history, sometimes to outrageous effect. Can a concrete room filled with the corpses of innocent young German recruits—who have all just been gassed—suggest anything other than the death camps of World War II? These sequences sanctify the historical position that the onerous terms of the treaty are what led to Hitler and the Holocaust. Just for good measure, one of the concluding murders in the film is committed by a French farm boy, avenging a theft of duck eggs by two starving German soldiers.
The new carrier will have the same aircraft launch and recovery systems as the US's newest carriers. It is the latest development in France's ambition to build a new nuclear-powered aircraft carrier, a project known as the Porte-Avions de Nouvelle Génération, sometimes called PANG, which translates to "New Generation Aircraft Carrier." Charles de GaulleFrench aircraft carrier Charles de Gaulle. It is the only non-US nuclear-powered aircraft carrier in the world. Sailors prepare an F/A-18F for launch during testing with Ford's Electromagnetic Aircraft Launch System in January 2020.
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