News Column

--Sixth NewsWatch--

February 25, 2014



(Housing-Affordability) (Audio: 022)

There's a warning out from the Royal Bank of Canada.

R-B-C's latest housing affordability measure says the cost of owning a home will gradually outpace growth in household incomes by late this year as longer-term interest rates begin to rise.

The bank says the ability of Canadians to keep up with housing costs has been improving.

But it cautions that's about to change. (6)

(Elections-Act-Changes) (Audio: 002)

The accusations are flying in the Commons over the Harper government's proposed changes to the Elections Act.

The Opposition alleges the Tories are attempting to rig federal election rules.

The New Democrats and the Liberals want public hearings.

And N-D-P Leader Tom Mulcair says his party will fight the changes to the bitter end.

House of Commons Speaker Andrew Scheer took Mulcair to task for using the word ``cheaters'' during question period. (6)

(OLY-Athletes-Return)

Canadian Olympians are returning home to a hero's welcome.

Medallists Dara Howell and Mike Riddle were among the athletes greeted by waiting family, friends and fans at Pearson International Airport.

Howell, who won gold in women's slopestyle skiing, says it's wonderful to be home.

Riddle, who won the silver medal in the men's ski halfpipe, says he wasn't expecting such a big welcoming party. (6)

(Ukraine)

Ukraine is being urged to plan a reform program.

It would allow the European Union and other Western nations to give proper consideration to financial aid for the country also beset by a leadership crisis after months of protest.

Meanwhile, the Ukrainian parliament has delayed the formation of a new government.

It probably won't happen until Thursday. (6)

(Avalanche-Rescue)

It was a deadly weekend in the backcountry in southeastern British Columbia.

A 27-year-old man was killed and a 27-year-old woman taken to hospital following a dramatic rescue after an avalanche in a remote section of Kootenay Pass.

In a separate incident in Pemberton, north of Whistler, a 29-year-old man also died while snowmobiling with friends.

The R-C-M-P is telling people to stay out of the back country. (6)

(HEALTH-Polio-Like-Illness) (Audio: 066)

California authorities are trying to determine what's causing polio-like symptoms in children.

More than a dozen kids have developed an extremely rare, polio-like syndrome within the past year that's caused severe weakness or rapid paralysis.

Public health officials are investigating the illness. (6)

(NewsWatch by Geri Smith)

(The Canadian Press)


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Canadian Press Broadcast Wire (Canada)


Story Tools