Skip to main content

Featured

CMHC Just Cut Its Housing Forecast — What It Means If You're Buying, Selling, or Renewing

  Published July 28, 2026 Canada Mortgage and Housing Corporation quietly downgraded its outlook for the rest of 2026 last week, and the new numbers are worth a look no matter which side of the housing market you're standing on. The federal housing agency's Summer 2026 update now calls for slower growth, softer home prices, fewer new builds and continued easing in rental markets right through the end of the year — with a split that leaves Ontario and B.C. looking a lot different from the Prairies and Quebec. Here's what's actually in the update, and what it means for your specific situation. What CMHC changed The agency's baseline call for 2026 is a Canadian economy growing at just 0.7%, with high borrowing costs, weak population growth and cautious buyers keeping a lid on demand even as affordability has technically improved. The practical result, nationally: Housing starts are expected to fall to about 241,400 units this year, down from 259,028 in 2025 Resale acti...
Post a Comment
Read more

article

Labels

Brazil Launches Sweeping Raids to Dismantle Fuel Sector Crime Networks

 

Brazil's President Luiz Inacio Lula da Silva wearing a cap that reads "Brazil belongs to Brazilians" speaks during a ministerial meeting at the Planalto Palace in Brasilia, Brazil, August 26, 2025


Brazilian authorities have executed one of the largest anti-crime operations in the nation’s history, targeting multibillion-dollar money laundering and fraud schemes embedded in the fuel industry.

In coordinated pre-dawn raids across eight states, federal police, tax officials, and state prosecutors served roughly 350 search warrants, seizing over 1 billion reais in assets. The crackdown—spanning fuel imports, domestic sales, and illicit financial flows—uncovered links to the notorious First Capital Command (PCC) gang.

Investigators allege that criminal groups infiltrated every stage of the fuel supply chain, from importation to retail, using shell companies, investment funds, and fintech platforms to conceal illicit profits. Authorities estimate the schemes involved more than 10 billion reais in fuel imports, 52 billion reais in domestic sales, and 46 billion reais in suspect financial transactions between 2020 and 2024.

Assets under investigation include ethanol plants, a port terminal, fleets of trucks, and hundreds of gas stations. Officials warn that such deep criminal penetration into critical economic sectors threatens both market integrity and public trust.

Justice Minister Ricardo Lewandowski hailed the operation as a decisive step toward dismantling organized crime’s grip on Brazil’s energy and financial systems.

Labels:

Comments

Post a Comment