Canada Markets open in 8 hrs 5 mins
2 / 21

What a $1 million home looks like in Canada this week

1285 Leffler Rd., Errington, B.C.
This 2,280-square-foot classic Cape Cod-style home sits on five private acres.
(Photo: Zoocasa)

What a $1 million home looks like in Canada this week - Sept. 1 edition

If you have classic tastes and a fondness for historical-style homes, $1 million can either get you very far in some parts of the country, or barely in the front door in others.

This week, we look at three homes: a Cape Cod-style home in Errington, B.C., a home with some historical touches in Toronto, Ont. and a Tudor-style manor in Rothesay, New Brunswick.

Which would you pick if you had $1 million to spend?

  • India’s Gold Buyers See Prices Surge in the Run-Up to Diwali
    Finance
    Bloomberg

    India’s Gold Buyers See Prices Surge in the Run-Up to Diwali

    Bullion has climbed in local markets because of a weak rupee, and rising prices just before the celebrations of Diwali and Dhanteras aren’t good for demand, said Chirag Sheth, an analyst with Metals Focus Ltd. in Mumbai. Plus, “overseas spot gold has, in the last two or three days, shown the first signs

  • China's Zhoushan city woos Exxon Mobil for a $7 billion ethylene plant
    Finance
    Reuters

    China's Zhoushan city woos Exxon Mobil for a $7 billion ethylene plant

    The Chinese city of Zhoushan is in talks with oil major Exxon Mobil Corp to build a $7 billion ethylene plant in the city south of Shanghai, it said in a statement released on Wednesday. The facility would have annual production capacity of 1.5 million to 1.8 million tonnes, the statement said, making

  • Infosys Shares Gain as Sales Rise at Fastest Pace in Two Years
    Finance
    Bloomberg

    Infosys Shares Gain as Sales Rise at Fastest Pace in Two Years

    Asia’s second-largest exporter of software services reported net income of 41.1 billion rupees ($558 million) in the September quarter. Revenue climbed 17.3 percent to 206.1 billion rupees, its fastest pace since the three months ended March 2016, while operating profit margin was unchanged from the

  • The Latest: Recreational marijuana becomes legal in Canada
    Finance
    The Canadian Press

    The Latest: Recreational marijuana becomes legal in Canada

    Residents of Canada's most populous province are now able to buy weed from the provincial government. The Ontario Cannabis Store's website went live around midnight Wednesday as recreational cannabis became legal in the eastern time zone. Canada has officially become the second country in the

  • Fujifilm wins appeal in battle with Xerox over scrapped merger
    Finance
    Reuters

    Fujifilm wins appeal in battle with Xerox over scrapped merger

    Fujifilm Holdings Corp has won an appeal in its legal battle with Xerox Corp , with a U.S. court overturning preliminary injunctions requested by activist investors that had blocked a planned merger. Xerox in May scrapped a $6.1 billion deal with Fujifilm in a settlement with investors Carl Icahn and

  • Infosys Advances on Second-Quarter Earnings Beat
    Finance
    Bloomberg

    Infosys Advances on Second-Quarter Earnings Beat

    (Bloomberg) -- Infosys Ltd., Asia’s second-largest exporter of software services, posted a higher-than-estimated increase in net income as investments in its high-margin digital services and automation paid off. The stock climbed as much as 3.8 percent.

  • Saudi Tensions Add to Dubai Stock Market's Worst Year Since 2008
    Finance
    Bloomberg

    Saudi Tensions Add to Dubai Stock Market's Worst Year Since 2008

    Dubai’s main equities gauge has lost 19 percent this year, pressured mostly by real-estate developers. The index is now caught between increasing geopolitical woes centered at its neighbor Saudi Arabia and those emanating from global emerging markets. Saudi Arabia’s main index climbed 1.8 percent for

  • India's Sensex Index Extends Advance Amid Earnings Optimism
    Finance
    Bloomberg

    India's Sensex Index Extends Advance Amid Earnings Optimism

    The benchmark S&P BSE Sensex index advanced 0.9 percent to 35,462.79 at 9:36 a.m. in Mumbai, set for its longest winning streak since Aug. 23. Infosys Ltd. climbed as much as 3.8 percent after posting quarterly net income that exceeded analysts’ average estimate. Among other gainers, State Bank of

  • U.S. oil service firms face tough quarter despite high crude prices
    Finance
    Reuters

    U.S. oil service firms face tough quarter despite high crude prices

    Oil producers are holding off finishing new wells, and cost pressures from tight labor markets and U.S. tariffs on imported steel are driving up service firms' costs. Meanwhile, shale producers including Devon Energy Corp and Oasis Petroleum Inc are doing more work traditionally handled by service

  • Tencent Faces New Rivals Just as It Starts to Get Anti-Social
    Finance
    Bloomberg

    Tencent Faces New Rivals Just as It Starts to Get Anti-Social

    Echo is valued at $40 million, while Pop got backing from Bertelsmann Asia Investments, the publication wrote. With a virtual monopoly in China’s instant messaging market – WeChat has more than 1 billion users and is popular for payments – market share for Tencent's core product doesn’t have much

  • Even the Trade War’s Winners Will Lose Eventually, APEC Chief Says
    Finance
    Bloomberg

    Even the Trade War’s Winners Will Lose Eventually, APEC Chief Says

    “The models show a certain amount of trade diverts out of China to Northeast Asia or Southeast Asia,” Bollard said in an interview in Port Moresby, Papua New Guinea. Finance officials from the 21 APEC countries gathering this week in Papua New Guinea are discussing the outlook for the region against

  • Oil Steady as Industry Data Shows Unexpected Drop in Inventories
    Finance
    Bloomberg

    Oil Steady as Industry Data Shows Unexpected Drop in Inventories

    The American Petroleum Institute was said to report inventories fell 2.13 million barrels last week, in contrast to forecasts for a gain in a Bloomberg survey before government data Wednesday. Meanwhile, Donald Trump said in a tweet that the Saudi crown prince “totally denied any knowledge” of what

  • After Hike, Fed Minutes May Flesh Out Thinking on Path Ahead 
    Finance
    Bloomberg

    After Hike, Fed Minutes May Flesh Out Thinking on Path Ahead 

    Meeting minutes set for release at 2 p.m. Wednesday in Washington are unlikely to offer answers, but they may drop a few hints about how officials are thinking. At its Sept. 25-26 gathering, the policy-setting Federal Open Market Committee raised interest rates and scrapped its description of the monetary

  • Finance
    Bloomberg

    Greece Is Trapped

    Months after exiting its international rescue program, the country faces renewed trouble in its banking system. Lenders still bear the scars of a decade of economic crisis. True, there are differences in the health of the four largest lenders: Piraeus Bank SA is in the worst shape, while National Bank

  • Money Managers Are Losing Faith in Money Managers
    Finance
    Bloomberg

    Money Managers Are Losing Faith in Money Managers

    Jupiter Fund Management Plc, for example, just recorded nine consecutive days of declines, its longest losing streak in seven years. Man Group Plc is near a 20-month low, while Standard Life Aberdeen Plc has lost 40 percent in the past year and is at its weakest since July 2016. With global investors

  • Why Trump Should Sell Grain to Iran
    Finance
    Bloomberg

    Why Trump Should Sell Grain to Iran

    Tomato paste is a crucial ingredient in many Iranian dishes, and inevitably, panic-buying has set in. The fears are not misplaced: the sanctions reinstated by the Trump administration will make it harder for Iran to reliably and cheaply import agricultural commodities. The Food and Agriculture Organization

  • Finance
    Bloomberg

    You Could Soon Be Eating Cotton 

    On Tuesday, the U.S. Department of Agriculture gave the green light to commercialize a biotech version of the cotton plant whose seeds can be eaten, according to Texas A&M University, which developed it over more than two decades. U.S. Food and Drug Administration approval is still needed, which the

  • Cornered at Home, May Heads Into EU Summit Battle Over Brexit
    Finance
    Bloomberg

    Cornered at Home, May Heads Into EU Summit Battle Over Brexit

    According to three people familiar with the matter, government Chief Whip Julian Smith told her top ministers on Tuesday that the current guarantee to avoid a policed border with Ireland doesn’t have enough votes to pass. May got the briefing from the man in charge of ensuring she has the backing in

  • Asia Stocks Follow U.S. Rally, Treasuries Steady: Markets Wrap
    Finance
    Bloomberg

    Asia Stocks Follow U.S. Rally, Treasuries Steady: Markets Wrap

    The dollar ticked higher and Treasuries were steady. Japanese, Chinese and Australian shares rose, helping lift the MSCI Asia Pacific Index of shares, which last week touched its lowest since May 2017. Ten-year Treasury yields traded around 3.16 percent after data showed U.S. factory output expanded

  • SoftBank 'anxiously' monitoring Saudi Arabia situation: executive
    Finance
    Reuters

    SoftBank 'anxiously' monitoring Saudi Arabia situation: executive

    Claure spoke at a technology conference in San Jose, California for British chip design firm Arm Holdings, which was acquired by SoftBank Group in 2016 for $32 billion. Claure said SoftBank is "anxiously looking at what is happening" regarding the fate of journalist Jamal Khashoggi, who disappeared

  • YouTube goes down for more than an hour
    Finance
    The Canadian Press

    YouTube goes down for more than an hour

    YouTube's video streaming service went out for more than an hour on Tuesday, apparently affecting locations around the world.

  • Asia Tech Firms Rally, and Not Just Because of Netflix
    Finance
    Bloomberg

    Asia Tech Firms Rally, and Not Just Because of Netflix

    Technology shares drove advances in the region Wednesday as Apple Inc. supplier Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. soared, contributing to the MSCI Asia Pacific Index’s 1 percent gain. Before today, the MSCI Asia Pacific Infotech Index had slipped 16 percent this year

  • Oil prices edge up on surprise drawdown in U.S. crude stockpiles
    Finance
    Reuters

    Oil prices edge up on surprise drawdown in U.S. crude stockpiles

    Brent crude was up 12 cents, or 0.2 percent, at $81.53 a barrel, after settling up 63 cents the session before. U.S. crude inventories fell by 2.1 million barrels last week, compared with analyst expectations for a build of 2.2 million barrels, American Petroleum Institute data showed after Tuesday

  • First legal purchase of cannabis made in Newfoundland and Labrador
    Finance
    The Canadian Press

    First legal purchase of cannabis made in Newfoundland and Labrador

    ST. JOHN'S, N.L. — One of the first customers to buy legal recreational cannabis in Canada says he has no intention of smoking, vaping or otherwise consuming the gram of weed he bought at a store in St. John's. Hundreds of customers were lined up around the block at the private store on Water

  • Canada now world's largest legal marijuana marketplace
    Finance
    The Canadian Press

    Canada now world's largest legal marijuana marketplace

    Canada is now the largest country with a legal national marijuana marketplace as sales began early Wednesday in Newfoundland. Canada has had legal medical marijuana since 2001 and Prime Minister Justin Trudeau's government has spent two years working toward expanding that to include so-called recreational