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Daily Mail
10-05-2025
- Daily Mail
Furious neighbours claim hoarder next door has refused to 'empty his bins for 25 YEARS' causing infestation of two-foot rats in their homes
Furious neighbours have claimed a hoarder pensioner living next to their homes has refused to empty his bins for 25 years - causing an infestation of two-foot rats. Locals in Thornhill, Cardiff, said neighbour Glynn Cross, 80, is making their lives hell with festering mountains of junk and bins piling up in the gardens of his three-bed detached bungalow. One neighbour said he even has a 4ft-high pile of empty milk cartons which he refuses to throw away. Now, following a court case in Cardiff this week, retired chemistry teacher Mr Cross has been fined and issued with a criminal behaviour order over the clutter at his home on the smart housing development. The order means Cardiff council officials can enter his property by force and clean it up. He was also fined £100 for failing to comply with a previous order to tidy up his jungle-like garden. Mr Cross's long-suffering neighbours are now waiting to see whether or not he will roll his sleeves up and clear the clutter - or have it done by force. One fed-up neighbour, retired merchant navy worker George Davis, 89, said the stress of living next door to Mr Cross and his vermin have made his wife, Gillian, 85, ill with heart trouble. 'I know it sounds incredible but she has had 81,000 passing-out episodes in the past 10 years because she has been in such pain from her heart and the doctors and specialists have all put it down to living next door to this man,' Mr Davis said. He added: 'His house and the gardens around his house are an absolute bloody mess. 'Everything he's ever owned is piled up indoors and the gardens are full of whatever he can't fit inside. 'I've never seen the man empty his bins for 25 years. 'As a result, dozens and dozens of rats are nesting in and around his house and they scamper around the estate here looking for food. 'We see three or four every day running across our garden and they are huge. They at least 2 foot long, plus the tail. 'I saw three of them sitting on a branch on a tree in our garden. They were like monkeys. 'My wife was sitting on the patio at the back and she looked down and saw a giant rat sitting next to her. She was terrified. 'I feel sorry for the man, I really do, because clearly this hoarding habit is a psychological problem, but he just has to clear everything out and keep only what he really needs. Why should we all suffer because of his issues?' Another neighbour, who asked not to be named, told how Mr Cross even grabbed anything he could from skip on their driveway when they were renovating their home on the estate a few weeks ago. The house owner, a man in his early-30s who works as a mortgage broker, said: 'We were stripping the house out and throwing everything into a skip at the front of our house and one evening Mr Cross called round and asked if he could grab some things out of the skip and take them home with him. 'I didn't have a problem with that because I kind of think, as the saying goes, a rich man's rubbish is a poor man's gold. 'He dived straight into the skip and took just about everything – all the wood, roof tiles, some bricks, anything he could find in there. I've no idea what he did with it.' Next door neighbours Michael and Diane Clarke, said they wish Mr Cross would leave the estate and find somewhere else to live. Retired education and careers advisor Mrs Clark, 83 said: 'I've had as much as I can take now. 'I wish him no ill but he is a nightmare to live next door to. 'I don't think he has ever taken any of his rubbish out. He just collects and hoards. It's all there under his roof and in the garden. 'Some of the rooms in the house are so full of his junk that you can't get into them. I've seen the state of the place through his front windows. 'I've asked him to tidy his garden up but he just says 'Diane, you've no idea how people live in the countryside, have you?'. 'It's no wonder we've all got rats terrorising us when he keeps his place like this. 'The other day I was putting dinner out on the dining room table and looked out of the window and saw a huge female rat giving birth. It wasn't a sight we wanted just as we were sitting down to eat. 'Needless to say, my husband and I were not hungry after that.' Cardiff council's cabinet member responsible for Shared Regulatory Services (SRS), councillor Norma Mackie, said: 'The owner of this property is causing unnecessary suffering to his neighbours due to the state of his back garden. 'This has been going on for two years and his neighbours should not have to continue tolerating it. 'We have tried to help on numerous occasions but even when our contractors went to clear the accumulation of waste on his behalf he refused them access. 'There was no alternative but to take action against him. 'Now that the criminal behaviour order is in place the council has powers to enter the property by force to carry out the work if we need to do so.
Reuters
11-04-2025
- Business
- Reuters
Canadian dollar notches biggest weekly gain in five years
TORONTO, April 11 (Reuters) - The Canadian dollar strengthened to a five-month high against its U.S. counterpart on Friday as the erratic nature of U.S. trade policy weighed on the greenback and ahead of a potential pause in the Bank of Canada's interest rate cutting campaign. The loonie was trading 0.7% higher at 1.3880 per U.S. dollar, or 72.05 U.S. cents, after touching its strongest intraday level since November 6 at 1.3840. For the week, the currency was up 2.4%, its sixth straight weekly gain and the biggest since June 2020. "The back-and-forth on the tariff front has caused the market to question the credibility of the U.S. administration as well as raise concerns over the U.S. economic outlook," said George Davis, chief technical strategist at RBC Capital Markets. "Bond and stock market selloffs point to investors exiting U.S. assets in response, with resulting pressure on the U.S. dollar serving as a benefit to the Canadian dollar." The U.S. dollar (.DXY), opens new tab fell against a basket of major currencies and benchmark U.S. 10-year Treasury yields were on track for their biggest weekly increase in more than two decades. U.S. consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981. Investors see a roughly 60% chance the Bank of Canada pauses its easing campaign at a policy decision on Wednesday. Last month, the central bank lowered its benchmark interest rate to 2.75% and said it would "proceed carefully with any further changes" to rates given the need to assess both the upward pressures on inflation from higher costs and the downward pressures from weaker demand. Canadian bond yields moved higher across the curve but the move was less than for U.S. Treasury yields. The 10-year was up 2.7 basis points at 3.269%, after earlier touching its highest level since January 24 at 3.309%.
Reuters
17-03-2025
- Business
- Reuters
Canadian dollar posts 11-day high as investor sentiment improves
Summary Canadian dollar gains 0.6% against the greenback Touches an 11-day high at 1.4276 Home sales tumble 9.8% in February Bond yields ease across the curve TORONTO, March 17 (Reuters) - The Canadian dollar strengthened to an 11-day high against its U.S. counterpart on Monday as equity markets rallied and investors cheered China's plan to stimulate consumption. The loonie was trading 0.6% higher at 1.4280 per U.S. dollar, or 70.03 U.S. cents, after touching its strongest intraday level since March 6 at 1.4276. "A strong bounce in equities has boosted risk sentiment today, which has weakened the USD across the board," said George Davis, chief technical strategist at RBC Capital Markets. "There hasn't been much news on the tariff front today, which is also helping sentiment." Wall Street rallied as some investors took advantage of the recent selloff to buy stocks at cheaper prices. China's State Council unveiled on Sunday what it called a "special action plan" to boost domestic consumption. "The market has been waiting for a deal for Chinese consumer stimulus for six months," Adam Button, chief currency analyst at ForexLive. "There are some seeds of global growth being planted and the market is feeling a bit better about tariffs." U.S. President Donald Trump's tariff hikes will drag down growth in Canada, Mexico and the United States while driving up inflation, the OECD forecast. Canada is a major producer of commodities, including oil, so the loonie tends to be sensitive to prospects for the global economy. The price of oil settled 0.6% higher at $67.58 a barrel after the United States vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its assaults on shipping. Canadian home sales tumbled 9.8% in February, the biggest decline in nearly three years, as the onset of a trade war kept buyers on the sidelines. Canadian bond yields moved lower across the curve. The 10-year was down 4.7 basis points at 3.019%.
Yahoo
13-02-2025
- Business
- Yahoo
Canadian dollar hits 2-month high as U.S. bond yields fall
By Fergal Smith TORONTO (Reuters) - The Canadian dollar strengthened to a two-month high against its U.S. counterpart on Thursday as U.S. bond yields declined and a key level of support for the American currency gave way. The loonie was trading 0.5% higher at 1.4235 per U.S. dollar, or 70.25 U.S. cents, after touching its strongest intraday level since December 13 at 1.4211. "Today's move lower in U.S. yields has weakened the USD across the board, thereby allowing CAD to post gains," said George Davis, chief technical strategist at RBC Capital Markets. "Prices broke below strong support at 1.4265 which has contained selloffs in USD-CAD for the past week or so, with the break lower triggering some stops on long positions." U.S. Treasury yields fell and the greenback posted losses against a basket of major currencies after components of the U.S. producer price report for January indicated that core PCE inflation, the Federal Reserve's preferred inflation measure, is likely to be lower than previously thought when it is released later this month. Adding to support for the loonie, investors have dialed back expectations for a March interest rate cut from the Bank of Canada. The swaps market is pricing in a 44% chance, down from 85% before last week's move by U.S. President Donald Trump to delay a 25% tariff on goods from Mexico and Canada for a month. Trump said he plans to unveil reciprocal tariffs on Thursday afternoon but gave no details about his latest tariff plan, which could take aim at every country that charges duties on U.S. imports. Canadian government bond yields fell across a flatter curve, tracking the moves in U.S. Treasuries. The 10-year was down 7.4 basis points at 3.105%, after earlier touching its highest level since January 29 at 3.198%. Sign in to access your portfolio
Reuters
13-02-2025
- Business
- Reuters
Canadian dollar hits 2-month high as U.S. bond yields fall
TORONTO, Feb 13 (Reuters) - The Canadian dollar strengthened to a two-month high against its U.S. counterpart on Thursday as U.S. bond yields declined and a key level of support for the American currency gave way. The loonie was trading 0.5% higher at 1.4235 per U.S. dollar, or 70.25 U.S. cents, after touching its strongest intraday level since December 13 at 1.4211. "Today's move lower in U.S. yields has weakened the USD across the board, thereby allowing CAD to post gains," said George Davis, chief technical strategist at RBC Capital Markets. "Prices broke below strong support at 1.4265 which has contained selloffs in USD-CAD for the past week or so, with the break lower triggering some stops on long positions." U.S. Treasury yields fell and the greenback posted losses against a basket of major currencies after components of the U.S. producer price report for January indicated that core PCE inflation, the Federal Reserve's preferred inflation measure, is likely to be lower than previously thought when it is released later this month. Adding to support for the loonie, investors have dialed back expectations for a March interest rate cut from the Bank of Canada. The swaps market is pricing in a 44% chance, down from 85% before last week's move by U.S. President Donald Trump to delay a 25% tariff on goods from Mexico and Canada for a month. Trump said he plans to unveil reciprocal tariffs on Thursday afternoon but gave no details about his latest tariff plan, which could take aim at every country that charges duties on U.S. imports. Canadian government bond yields fell across a flatter curve, tracking the moves in U.S. Treasuries. The 10-year was down 7.4 basis points at 3.105%, after earlier touching its highest level since January 29 at 3.198%.
