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CREA cuts 2025 forecast again but says home sales are rebounding from 'chaotic start'

CREA cuts 2025 forecast again but says home sales are rebounding from 'chaotic start'

For the second time this year, the Canadian Real Estate Association has downgraded its forecast for home sales in 2025, even as it says a turnaround could be looming following increased activity in June.
Stubborn core inflation in June likely cements calls for Bank of Canada rate hold

Stubborn core inflation in June likely cements calls for Bank of Canada rate hold

OTTAWA — Underlying inflation remained stubbornly hot in June, leading financial markets and many economists to firm up calls for a third straight interest rate hold from the Bank of Canada later this month.
Little evidence to suggest a U.S. trade deal can be reached without tariffs: Carney

Little evidence to suggest a U.S. trade deal can be reached without tariffs: Carney

OTTAWA — A trade deal with the United States will likely include some tariffs, Prime Minister Mark Carney indicated on Tuesday ahead of a meeting with his cabinet. Carney told reporters he expects the trade talks with the U.S.
Ottawa tells chiefs to submit questions before meeting with PM on major projects bill

Ottawa tells chiefs to submit questions before meeting with PM on major projects bill

OTTAWA — Ottawa has asked First Nations chiefs to submit their questions in advance of their meeting with Prime Minister Mark Carney next week to discuss his government's controversial major projects bill.
Surprisingly strong June jobs numbers quash Bank of Canada rate cut odds

Surprisingly strong June jobs numbers quash Bank of Canada rate cut odds

The vast majority of the 83,000 new jobs added in June were part time, Statistics Canada says.
Alberta, Ottawa putting $203 million into new affordable housing units

Alberta, Ottawa putting $203 million into new affordable housing units

EDMONTON — Alberta and Ottawa have signed off on $203 million for new affordable housing projects across the province.
Business leaders lament latest U.S. tariff threat as experts play down risks

Business leaders lament latest U.S. tariff threat as experts play down risks

TORONTO — The latest tariff threat from U.S. President Donald Trump is drawing condemnation from business leaders, though more because of the added uncertainty than the potential direct impact that experts played down.
'Kind of stuck': Weak condo market means tough choices for potential move-up buyers

'Kind of stuck': Weak condo market means tough choices for potential move-up buyers

While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment.
Mortgage renewals will strain Canadians, but most will manage: TD report

Mortgage renewals will strain Canadians, but most will manage: TD report

TORONTO — A report by TD Bank suggests mortgage renewals are expected to strain Canadian households, but most borrowers will manage albeit with less financial flexibility.
Insolvency filings in May rise from April, but down from last year

Insolvency filings in May rise from April, but down from last year

Insolvency statistics for May show a rise from April but are down from a year ago, when the Bank of Canada had yet to start lowering interest rates. The 12,395 insolvencies in May was up 2.3 per cent from April, while down 2.