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Bank regulator sees growing concerns in real estate even as credit quality holds

Published Wed, 25 Dec 2024 05:24:57 GMT

TORONTO — Canada’s bank regulator says it is preparing for weakness in the housing market to potentially last throughout 2023 as it flags the sector as a growing concern.The Office of the Superintendent of Financial Institutions says in its latest annual risk outlook that, while not making any forecasts, the housing market is its top source of worry as high rates mean higher default probabilities.Superintendent Peter Routledge however says that so far credit quality still looks quite strong, and residential real estate remains sound, as the overall economy shows resilience and unemployment stays low.Routledge says the effects of high interest rates on credit quality have so far been far more benign than what observers might have predicted, but that risks are still out there.He says that to better prepare for future risks the regulator is working through its review of the B-20 mortgage underwriting rules, as well as taking a closer look at how banks are handling variable rate f...

S&P/TSX composite up in late-morning trading, U.S. stock markets lower

Published Wed, 25 Dec 2024 05:24:57 GMT

TORONTO — Canada’s main stock index was up in late-morning trading, helped by gains in the base metal, financial and industrial sectors, while U.S. stock markets were lower.The S&P/TSX composite index was up 38.49 points at 20,680.46.In New York, the Dow Jones industrial average was down 112.81 points at 33,874.37. The S&P 500 index was down 7.58 points at 4,143.74, while the Nasdaq composite was down 17.03 points at 12,140.69.The Canadian dollar traded for 74.70 cents US compared with 74.64 cents US on Monday.The June crude contract was up 29 cents at US$81.12 per barrel and the May natural gas contract was up four cents at US$2.32 per mmBTU.The June gold contract was up US$14.40 at US$2,021.40 an ounce and the May copper contract was up three cents at US$4.10 a pound.This report by The Canadian Press was first published April 18, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)The Canadian Press

Apple TV app – Top Movies

Published Wed, 25 Dec 2024 05:24:57 GMT

Top Movie Purchases and Rentals (US): 1. Avatar: The Way of Water2. 653. Shazam! Fury of Gods4. Creed III5. Plane6. A Man Called Otto7. Jesus Revolution8. The Whale9. Missing (2023)10. Puss In Boots: The Last Wish The Associated Press

What to know about the Gillum corruption trial in Florida

Published Wed, 25 Dec 2024 05:24:57 GMT

TALLAHASSEE, Fla. (AP) — Former Florida Democratic gubernatorial candidate Andrew Gillum is on trial in federal court on charges of corruption and lying to the FBI, facing a potentially long prison sentence if convicted of multiple wire fraud counts and conspiracy.Gillum, the former mayor of Tallahassee, came within less than a percentage point of being elected the first Black governor of Florida, losing by fewer than 34,000 votes to Republican Ron DeSantis in 2018. WHAT IS THE CASE ABOUT?Gillum, 43, is accused of accepting about $57,000 in political contributions that were secretly funneled through a co-defendant’s company to his personal accounts. The co-defendant is Sharon Lettman-Hicks, a longtime political adviser to Gillum and former executive with the People for the American Way Foundation, a progressive group. She ran unsuccessfully in 2022 for the state House.Prosecutors also say Gillum lied about his interactions with undercover FBI agents posing as developers who pa...

Girl, 14, dies a week after being shot on Chicago's West Side

Published Wed, 25 Dec 2024 05:24:57 GMT

CHICAGO — A 14-year-old girl has died a week after being shot in the city’s Austin neighborhood.The medical examiner has identified the teen as Charity Johnson.Officers responded to the 10-100 block of North Lorel on August 10 and discovered the 14-year-old with a gunshot wound to the buttocks. She was transported to Stroger Hospital in critical condition.According to the medical examiner, Johnson succumbed to her injuries Sunday. 14-year-old girl shot, 50-year-old woman stabbed following dispute on West Side: police In the same incident, a 50-year-old woman sustained a stab wound to the shoulder and was transported to Mount Sinai Hospital in good condition.No one is in custody. Detectives are conducting a homicide investigation. 

Missing Illinois family found in Arizona

Published Wed, 25 Dec 2024 05:24:57 GMT

NEWTON, Ill. (WCIA) -- A family that disappeared more than two months ago from Newton has been found safe in Arizona, police said.In a press release, officials said Stephen, Monica, Aiden and Nicholas Lutz were found in Cochise County, the southeastern-most part of the state. Their location was eventually narrowed down thanks to automated license plate readers and the Arizona State Police. ‘There’s a lot of questions in this case’: Newton Police describe investigation that led them to missing family A deputy made contact with Monica and the boys; Stephen was not present. The deputy told Newton Police Chief Riley Britton that the boys appeared to be healthy, and that Monica told him where Stephen could be found.Britton then personally spoke over the phone with Stephen, who stated that the family had relocated to Arizona and had no plans of returning to Newton.Newton Police thanked everyone who assisted in any way with the search for the Lutzs. ‘There’s a lot of questions in this ...

'He's Fully Cleared': Damar Hamlin can resume activities with Bills

Published Wed, 25 Dec 2024 05:24:57 GMT

BUFFALO — Three-and-a-half months after having his life saved on the field in Cincinnati, Damar Hamlin is getting a chance to return to football.On Tuesday morning, Bills general manager Brandon Beane confirmed that the defensive back has been cleared by doctors to resume full football activities. This comes as Buffalo along with other teams around the NFL are starting up their offseasons workouts ahead of the 2023 season. How a Chicago shirt company is showing their support for Damar Hamlin "He's seen three additional specialists, most recently on Friday, and they're all in agreement. It's not 2-to-1 or 3-to-1 or anything like that," said Beane. "They're all in lockstep of what this was and that he's is cleared to resume full activities just like anyone else who was coming back from an injury or whatever."He's fully cleared, he's here, and he's in a great headspace to come back and make his return."Hamlin suffered cardiac arrest in the first quarter of the Bills' game against the...

9 in 10 companies want employees with ChatGPT skills

Published Wed, 25 Dec 2024 05:24:57 GMT

(The Hill) -- Nine companies in 10 want workers with ChatGPT experience, according to a new survey that gauges job-market demand for knowledge of fast-evolving artificial intelligence communication tools. An April poll of 1,187 business leaders by ResumeBuilder.com, the job-seekers site, found that 91 percent of firms are looking for workers with ChatGPT skills on the résumé. Some companies reported an urgent need for employees who can converse with chatbots.  ChatGPT, a generative AI chatbot that launched in November, holds the potential to transform the American workplace, along with the classroom, the home office and pretty much any place else humans engage in written communication. “The interesting part is, this only became available to the world five months ago,” said Stacie Haller, chief career adviser at ResumeBuilder. “All of a sudden, we have a whole new job category, and some of these jobs are paying $200,000.” Already, corporate America has its own title fo...

Jessie James Decker slams United Airlines, saying pregnant sister 'humiliated' on flight

Published Wed, 25 Dec 2024 05:24:57 GMT

(KTLA) – Jessie James Decker is slamming United Airlines after an incident involving her pregnant sister and spilled popcorn. Decker posted the account in a since-deleted Instagram story. The "Should Have Known Better" singer said her sister, Sydney Rae Bass, who is five months pregnant, was traveling alone with her two young children when one of them accidentally spilled some popcorn. According to Decker, the flight attendant approached Bass with "a trash bag and wet wipe" and told her that the captain wanted the mom of two to "clean up every drop."“My poor sister is on her hands and knees, crying in the aisle completely humiliated and exhausted, with her children while everyone else watched. Way to go United," the post read, according to People.In another post, Decker said flight staff called the spill a "safety hazard," US Weekly reported. The singer kept fans updated and then explained where the children got the popcorn in the first place. "You guys, this whole time I'm thinking...

'There's a lot of questions in this case': Newton Police describe investigation that led them to missing family

Published Wed, 25 Dec 2024 05:24:57 GMT

NEWTON, Ill. (WCIA) - A 2-month search for a missing Newton family of four has finally come to an end. Police say all four members of the Lutz family turned up alive and well in Arizona Monday, but their loved ones still have questions about their disappearance. Missing Newton family found in Arizona: Police According to police, 44-year-old Stephen Lutz says his family just wants a fresh start. He left Central Illinois with his wife, 34-year-old Monica, and sons, 11-year-old Aiden and 9-year-old Nicholas in February. Newton Police Chief Riley Britton says Stephen Lutz told him he has no plans to return.“I was asking him about his house - ‘what’s the plan for your guys’ house? You got a lot of stuff there.’ He says: ‘I plan on selling it,'" Britton said, describing a phone call with Stephen Monday afternoon.Stephen was out on bond with the condition of having no contact with his family when they all disappeared. A warrant for his arrest was issued after Britton says he failed to ap...