Morning Update: Freeland to target housing, military and green initiatives in federal budget

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The government will release its budget today as it’s urged to present a plan that makes economic expansion a priority

Social-media tributes poured in from the Canadian classical music community yesterday

, the renowned composer, symphony conductor and founder of the Brott Music Festival. Brott, who died after being hit by a car in Hamilton, was 78.today and equities showed signs of steadying after Federal Reserve minutes released the previous day did nothing to add to the rate-hike momentum already priced into markets. Asian shares earlier took their cues from Wall Street’s selloff and fell to one-week lows while Japan’s Nikkei index dropped 1.7 per cent.

When the government makes it harder to get a mortgage, you can bet the ranch that creative lenders will find workarounds. That’s essentially what Equitable Bank did with its new Advance Mortgage. And home buyers will be hard-pressed to find a bank mortgage that affords more purchasing power than this one.

Long before FaceTime, Skype or Zoom had become common vernacular, predating the features we now find on virtually every messaging app on our mobile devices, the first video call in recorded history was a bit of a doozy. It was an early April occurrence in 1927 when one call from Washington to New York revolutionized the prospect of videotelephony entirely.

 

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