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Nova Scotia bank curbs mortgages in Vancouver, Toronto as prices soar

  Bloomberg Hot housing markets in Vancouver and Toronto prompted Bank of Nova Scotia to ease off on mortgage lending in those cities, Chief Executive Officer Brian Porter said. “We’re a little concerned about housing prices in the greater Vancouver area and Toronto,” Porter, 58, said in an interview on Bloomberg TV Canada. “We just took our foot off the ...

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Landowners win at US court on wetlands development

  Bloomberg The U.S. Supreme Court gave landowners a new avenue to challenge some federal regulatory decisions affecting their property rights, in a case that three conservative justices said raised troubling questions about government overreach. The 8-0 ruling said landowners can go straight to court after federal regulators decide that a piece of property containing wetlands is covered by the ...

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Waiting for the heavens to open

  Bloomberg Time is running out for the 70 acres of sugar cane and fruit that Balasaheb Pandharinath Shende farms in India’s Maharashtra state. After two years of drought, his fields are parched and his wells have dried up. Monsoon rains that usually arrive this time of year should help, but the government says they will be at least a ...

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