Tausi Insider

Since the peak one month ago, the lowest nationally advertised five-year fixed has dropped 30 bps to 5.14 per cent (uninsured). On a standard mortgage, that saves $1,445 of interest over five years, per $100,000 borrowed. JIM WATSON/AFP/Getty Images Christmas ‘rate sale’ in progress All right, it’s not exactly a fire sale, but we are indeed getting some Yuletide rate relief. Since the peak one month ago, the lowest nationally advertised five-year fixed has dropped 30 bps to 5.14 per cent (uninsured). On a standard mortgage, that saves $1,445 of interest over five years, per $100,000 borrowed. McLister: Where could mortgage rates - fixed and variable - head in 2023? See how rising interest rates will affect the cost of your mortgage Compared with the lowest uninsured variable at 5.90 per cent, a 5.14 per cent five-year fixed might not seem so bad. But it’s literally the fourth-worst term you could take if you’re well qualified and risk tolerant. The worst, second-worst and third-worst...

A view of part of the development laboratory of Toronto-based tech company Xanadu Quantum Technologies Inc. on May 30, 2022. Galit Rodan/Tausi Insider Ottawa has unveiled its plan for spending $360-million on a national strategy to prepare for and profit from a coming revolution in quantum technology. While the early reviews are positive, leaders in the field say there is no time to lose as new developments in the field inch ever closer to upending key aspects of the computer industry, with game-changing implications for the entire economy. The federal government first allocated the money in 2021 to be spent over seven years. “Top to bottom there’s been a lot of movement,” said Stephanie Simmons, a researcher at Simon Fraser University and founder of the B.C.-based quantum technology company Photonic Inc. “The hardware is making progress, the software is making progress, the user cases are being developed.” Dr. Simmons was among those standing alongside federal Innovation, Science an...

B.C. Environment and Climate Change Strategy Minister George Heyman speaks during an announcement at Burns Bog, in Delta, B.C., on June 29, 2020. DARRYL DYCK/The Canadian Press A British Columbia judge has tossed out a lawsuit that accused the B.C. government of violating its own rules to account for greenhouse gas emission targets. In dismissing the lawsuit filed by the Sierra Club of British Columbia, Justice Jasvinder Basran finds the environment and climate change minister has “reasonably complied” with the Climate Change Accountability Act. It requires the government to publish annual reports outlining progress toward emissions targets for 2025, 2040 and 2050, but the Sierra Club alleged both the 2021 report and the oil and gas sector target for 2030 didn’t include that data. Basran agrees the case represents “an appropriate legal question” because wording of the act indicates the legislature “intended for these reporting obligations to be enforceable by the courts,” but he says...