Monthly seasonally adjusted annual rate of housing starts in September came in at 270,466 units, up from 250,383 in August
Will cut about 2,700 staff and take $590M Q4 charge after tax
Mayor Olivia Chow says raising the tax from 1% to 3% will encourage the transformation of vacant homes into rental units
Modest declines in residential construction plans, total monthly value of non-residential permits rose 14.8% to $5.0 billion
Exports of gold and crude oil helped drive results
ACM specializes in pooled Canadian commercial mortgage funds
Vericity includes insurance carrier Fidelity Life and direct-to-consumer agency eFinancial
That compares to a surplus of $6.3 billion during the same period last year
Services-producing industries gained 0.1% in the month, goods-producing industries contracted 0.3%
The government is raising the limit on the Canada Mortgage Bonds program to $60 billion
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