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Canada housing overvalued, but low risk of overheating: CMHC

By Andrea Hopkins TORONTO (Reuters) – Canadian house prices are slightly overvalued but there is low risk of overheating or overbuilding, the federal housing agency said on Thursday in a report that is at odds with persistent concerns that real estate bubbles are growing in several cities. In its quarterly measure of four risk factors that could indicate problematic conditions in Canada’s housing markets, the Canada Mortgage and Housing Corp

Pace Jam: Chevrolet Corvette Z06 Gets Tapped for Indy 500 Pace Car Duty

– To surprise of absolutely no one, the Chevrolet Corvette Z06 has been selected to pace the field at the 99th running of the Indianapolis 500. As the long-reigning poster child for domestic performance, the Corvette Z06 being paired with the Indy 500, a storied and distinctly American celebration of the all that is right in the world—at least for that one fleeting moment—is the stuff gasoline-marinated marketing dreams are made of.

A major bank just backed Bitcoin – can it get its mojo back?

Goldman Sachs will be the first major bank to invest heavily in Bitcoin, giving the cryptocurrency a much-needed shot in the arm. Sachs has secured a partnership with Chinese investment firm, IDG Capital Partners, claims The New York Times. This partnership will lead a $50 million investment into startup Circle Internet Financial which wants to use Bitcoin’s technology to improve consumer payments. The massive hype around Bitcoin in 2013 has