Bloomberg Toronto may require measures to cool its red-hot housing market similar to moves taken in Vancouver if interest rates don’t increase, said Royal Bank of Canada Chief Executive Officer David McKay. The head of Canada’s largest lender said Toronto housing is “running hot” and is fueled by a “concerning mix of drivers” that include lack of supply, continued ...

  The Soviet Union had a reputation for presenting fake economic statistics to the world, in order to avoid having its dysfunctional system look embarrassing in front of its rivals. But as the decline and collapse of the Soviet Union illustrates, it’s impossible to conceal poor economic performance forever. There are too many alternative data sources that will eventually show ...

  Safran SA launched a weak counter-attack against hedge fund TCI Fund Management Ltd.’s opposition to its proposed 9.7 billion euro ($10.3 billion) takeover of Zodiac Aerospace. The French jet engine maker is still short on strategic and financial justifications for the deal. Nor has it addressed the strong common-sense argument for giving shareholders a simple vote on the whole ...