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23-Jul-2017 20:51

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While resales in August remained on the downtrend relative to a year ago (falling 34.8 per cent), the annual decline was the smallest in three months.“Those worried about a collapse in Toronto’s housing market can breathe a little easier now,” said Robert Hogue, senior economist at Royal Bank of Canada.A declining housing market, coupled with rising interest rates, was expected to put pressure on heavily-leveraged Canadians, and therefore the lucrative lending businesses of the country’s biggest banks.I agree that the bank before opening any deposit account, will carry out a due diligence as required under Know Your Customer guidelines of the bank.I would be required to submit necessary documents or proofs, such as identity , address, photograph and any such information to meet with KYC, AML or other statutory/regulatory requirements.The Alberta government released the higher price tag for the Springbank dam as it announced it was implementing some short-term recommendations for drought and flood mitigation from a new report from the Bow River Working Group.These include expanding existing agreements with Trans Alta and using Barrier Lake for flood mitigation purposes rather than drought mitigation.Further, after the account is opened, in compliance with the extant regulatory guidelines, I agree to submit the above documents again at periodic intervals, as may be required by the Bank.

The Springbank dam was conceived i“Our government committed to the Springbank Off-Stream Reservoir project in October 2015, and that commitment has not wavered,” said a statement from Infrastructure Minister Brian Mason, who was not made available for an interview.“This project is the best option to protect the City of Calgary and other downstream communities from another event like the 2013 flood disaster.”The Springbank dam is intended to divert the Elbow River and temporarily store its water as protection from rising waters.

While it has support from the City of Calgary and the Calgary River Communities Action Group, the dam is opposed by landowners who will have their properties expropriated and the Tsuut’ina Nation.

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