Trending Now
We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
Hard numbers: Canadian ship passes through Taiwan Strait, Arrests plummet at US southern border, New mortgage rules (keyword: new), EV plant construction stalls
U.S. Navy guided-missile destroyer USS Chung-Hoon sails alongside the Royal Canadian Navy frigate HMCS Montreal during Surface Action Group operations as a part of exercise “Noble Wolverine" in the South China Sea May 30, 2023.
110: A Canadian warship passed through the Taiwan Strait on Wednesday in what Ottawa called a commitment to an open Indo-Pacific – and in what China called an undermining of peace. Beijing claims sovereignty over democratically governed Taiwan and the 110-mile-wide waterway dividing the two. Taiwan and the United States dispute that, saying the Taiwan Strait is an international waterway.
60,000: The number of arrests by border agents of migrants who crossed the southern US border illegally in July is expected to fall under 60,000, a massive drop from a peak of 250,000 in December, after President Joe Biden imposed stricter measures for asylum-seekers in June.
30: In an attempt to alleviate the housing crisis keeping many younger Canadians from buying a home, the federal government has implemented new mortgage rules giving first-time homebuyers with insured mortgages – the type required when a down payment equals less than 20% of the purchase price – up to 30 years to pay them off. Before now, the max was 25 years, and while this move will help lower some monthly payments, there’s a catch: It only applies to newly built homes, so many doubt it will help alleviate the housing crunch.
2.76 billion: After breaking ground in 2023, a company building a plant to produce battery components for electric vehicles near Kingston, Ontario, says it’s delaying construction because of a slowdown in EV sales. The project carried a total price tag of up to CA$2.76 billion, was projected to create 600 jobs, and the federal government was slated to invest up to CA$551.3 million.