Business

The Bank of Canada held its benchmark interest rate steady again on Wednesday as new U.S. tariffs and the ongoing war in Iran cloud the central bank’s outlook. The Bank of Canada’s policy rate remains at 2.25 per cent after a seventh straight hold. The move was widely expected by economists. Bank of Canada governor Tiff Macklem said in prepared remarks that the persistence of the Middle East...

Toronto real estate is notoriously expensive when it comes to the Ontario housing market — but there are still deals to be had for those on a tighter budget. Condo prices have been most impacted by the current downturn, with prices dropping about 25 per cent from their early 2022 highs. If your budget tops out well below seven figures, Here are a list of 10 Greater Toronto Area properties going for...

Rate Cut: The Bank of Canada chose to hold its target for the overnight rate steady at 2.25%, keeping the Bank Rate at 2.50% and the deposit rate at 2.20%. No rate cut was introduced during this meeting as the Bank opts to maintain its current position. Economic Outlook: While Canadian growth stalled over the past year, economic activity rebounded in the second quarter of 2026 with an estimated...

Toronto’s condo affordability is at 2019 levels, according to a new report from RBC Economics. Single-family homes not so much. By May Warren, Housing Reporter As prices sink, Toronto condos have returned to 2019 affordability levels, according to a new report from RBC Economics. “Condo prices in Toronto have fallen faster than most other markets, and that is happening while incomes have...

Good morning, Please find a summary of the Bank of Canada’s today’s interest rate decision and its current economic outlook. Rate Cut: The Bank of Canada decided to hold steady, keeping its target for the overnight rate at 2.25% rather than issuing a cut. This pause leaves the Bank Rate at 2.5% and the deposit rate at 2.20%. Economic Outlook: Canada’s GDP unexpectedly edged down by...