Faint hopes of ending the war in Yemen

Faint hopes of ending the war in Yemen

Editor’s note (December 13th, 2018): After The Economist went to press the government of Yemen and the Houthi rebels agreed on a ceasefire in Hodeida. This story has been updated to reflect those developments. “HOPE IS THE currency of the mediator,” says Martin Griffiths. If that is so, then the United Nations envoy to war-torn Yemen…

Read More
Toronto and Vancouver most ‘vulnerable’ to interest rate hikes as personal debt soars, CMHC warns

Toronto and Vancouver most ‘vulnerable’ to interest rate hikes as personal debt soars, CMHC warns

TORONTO — Canadians living in two of the country’s largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in Toronto and Vancouver continue to hit record-levels, warns a report by Canada Mortgage Housing Corp. The housing agency says the debt-to-income (DTI) ratio for those living in Vancouver climbed to…

Read More