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Hour 3 of Ottawa Now for Tues. January 10th, 2023

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The CEOs of Canada’s big banks have issued a stern warning. They fear tens of thousands of Canadians could default on mortgages due to rising rates, while other mortgage-holders might have to adjust their spending as well. Colton Praill speaks to economist Moshe Lander in Hour 3. Meantime, the City of Ottawa’s Traffic and Parking By-Law is directing heavy truck traffic through a huge Downtown corridor. This section is home to densely-populated and heavily-used streets. Critics say this decision might be unsustainable, and it could also be unlawful.

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