Canada’s housing market weakened in October as benchmark prices fell to a four-year low and new listings hit an all-time high. With sales below pre-pandemic norms and inventory climbing, analysts warn the correction could last for years.
Former Trump economic advisor Kevin Hassett says AI-driven productivity gains may be slowing U.S. hiring, creating a “quiet time” in the labor market. Despite strong GDP growth, companies may be relying on AI instead of hiring new workers. Full analysis inside.
SAAB says up to 10,000 jobs could be created if Canada chooses the Gripen fighter, offering tech transfer and domestic production. Discussions involve Bombardier, CAE and IMP, with potential benefits for Ukraine’s planned jet purchases as well.
Canada’s inflation eased to 2.2% in October as gas prices plunged, though core inflation indicators stayed near 3%. Wireless services, insurance, and shelter costs continued to contribute to price pressures.
Canada’s securities regulators are proposing a new ETF-specific framework to enhance disclosure, require multiple market makers, and protect investors amid industry growth.
Canada’s 2025 federal budget rehashes old sustainable finance policies, omits transition plans, and weakens greenwashing laws, disappointing climate finance experts.
The Bank of Canada will eliminate 10% of its staff — about 225 positions — by June 2025 as part of Prime Minister Mark Carney’s plan to reduce C$60 billion in federal spending.
Ontario’s fall fiscal update will emphasize jobs and infrastructure as universities face severe funding pressures following federal student visa cuts.
A new survey shows 58% of Canadians have delayed major life goals like buying a home or saving for retirement due to high living costs, with financial confidence falling to 46%.
A 63-year-old Toronto homeowner lost her house after one missed payment as GTA power-of-sale cases surge. Analysts cite high renewal rates and lost rental income as triggers.