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Rogers Centre gets revamped

The Jays might have a losing record right now, but their stadium is turning into a real winner.

Driving the news: Toronto Blue Jays fans got their first taste of the latest Rogers Centre renos this week. Those seated in the 100-level bowl experienced cushier, wider seats (with cupholders!) and a better view of home plate. 

The government has been using AI… a lot

New mortgage rules for first-time home buyers

Today on “keeping up with federal budget announcements coming out weeks before the actual federal budget announcement” is a policy change covering housing affordability.  

What happened: Canada is rolling out new housing affordability measures for first-time homebuyers, including extending maximum mortgage amortizations to 30 years and increasing the amount that can be withdrawn from an RRSP to buy a first home to $60,000.

Canada has an accountant crisis

As if tax season wasn’t stressful enough, Canada is also dealing with an accountant shortage.

Driving the news: Canadian finance and accounting hiring managers are feeling overtaxed this tax season, with 90% reporting that they are experiencing challenges due to a widespread accountant shortage, according to a new survey by Robert Half. 

Track and field to pay its Olympic gold medallists

New hardest way to earn 50 grand just dropped: winning the Olympic 400-metre hurdles.

What happened: This year in Paris, track and field will be the first-ever Olympic sport to pay prize money to gold medallists. World Athletics, the governing body in charge of track and field, has set aside US$2.4 million to pay $50,000 to first-place finishers across 48 events. 

Canada holds interest rates steady

Let your friends with variable-rate mortgages know you’re thinking of them this week.

What happened: As expected, the Bank of Canada held the policy rate steady at 5% for the sixth consecutive meeting, noting that "inflation is still too high and risks remain" in the form of a resilient growth forecast, even though both inflation and the labour market are cooling.

Canada leads the world in fossil fuel funding

Some of us are addicted to spending money on things like shoes or total solar eclipse memorabilia. Canada is addicted to spending money on oil and gas developments. 

Driving the news: A new study found that between 2020 and 2022, Canada led all G20 nations in foreign fossil fuel investments

Your bank is all in on AI

Artificial intelligence is coming to your mobile banking apps in a big way (unless you bank with Laurentian, or something). 

What happened: Three of Canada’s Big Five banks were ranked within the top 10 globally for AI innovation by Evident Insights, which crunched the numbers on AI-related research papers and patent filings as well as investments in AI startups over the last five months.  
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