On Wednesday Lin spoke to Kitco. On Monday the People's Bank of China made a surprise interest rate cut to shore up the country's economy. The country has seen too much housing speculation, expressed Lin."The housing bubble is finally popping. There's a serious problem: a lot of empty apartments," said Lin who noted that a lot of people took on mortgages for uncompleted houses and apartments, and the deteriorating economic picture means that those projects may never get built.
Fatal crash closes stretch of Deerfoot Trail on Friday morning - Calgary | Globalnews.ca
A fatal crash Friday morning had Calgary police shut down both northbound and southbound lanes of Deerfoot Trail between 32nd Avenue and 16th Avenue N.E. as of 3:45 a.m. Read more >>