Business Top Stories

Loonie takes a swan dive and Poloz's rate talk turns negative: BUSINESS WEEK WRAP

From Canada's loonie taking a swan dive, to our central banker taking an unexpectedly negative take on interest rates, it was an eventful week in business news. Good thing the CBC's Jacqueline Hansen is here to get you caught up in our weekly video recap. More Dec 11 read comments video

• 7 foods that will cost you more in 2016 and why Dec 10 video
• Analysis Why is Ontario waiting so long to protect consumers from high-cost lenders? Dec 11
• Jim Gray, oil patch legend, says crude may fall to $30 a barrel Dec 10 audio
• U.S. middle class now smaller than combined number of rich and poor, Pew says Dec 10

Analysis Waiting to see if new mortgage rules will pop a bubble or prevent one: Don Pittis

New federal mortgage rules are intended to have a cooling effect on Canadian house prices. But are the new rules too much, too little, or just right? More 5:00 AM ET read comments

• Bill Morneau tightens mortgage rules on homes over $500K Dec 11 video
• 1st-time homebuyers at risk because of heavy mortgage debt, says C.D. Howe study 1:01 PM ET video

Taxis likely hurting themselves, helping Uber with protests: experts

As dozens of Toronto taxi drivers clogged city streets in protest of Uber this week, they ended up angering the same consumers they seek to serve. In the battle of tradition versus technology, who is winning the war for public support? More 5:00 AM ET read comments video

• Toronto's taxi versus Uber landscape an 'obvious powder keg': Beck Dec 10
• Video Cab driver pounds on UberX car, dragged 20 metres in Toronto protest Dec 09 video

Finance minister hikes down payment rules for mortgages on homes over $500K

Starting in February, the Canada Mortgage and Housing Corporation will require a 10 per cent down payment for the portion of any mortgage it insures over $500,000. The current five per cent rules remains for mortgages under $500,000. More Dec 11 read comments video

• Watch Canada tightens mortgage rules 3:47
• OSFI moves to raise bank's capital requirements for residential mortgages Dec 11
• Analysis TFSA limits lower in 2016, but past contribution room remains Dec 11 video