48 h. ago Stock markets carry on amid absent U.S. jobs data, leaving Fed without its ‘compass’

TORONTO — Canada’s main stock index was up more than 300 points in a broad-based rally, while U.S. stock markets were mixed on Friday as investors carried on without U.S. jobs data. “I think the market resilience that we have seen over the past several months continues in the face of the standstill in Washington. […]

Economics

54 h. ago Toronto real estate prices plummeting and here's what the average home costs now

Toronto's turbulent real estate market has been accelerating nose-first into the ground for months, and while home sales in the region are actually showing signs of a rebound in the second half of the year, there is still a long road ahead to recovery.However, despite the doom and gloom, the latest monthly figures from the Toronto Regional Real Estate Board (TRREB) offer some hope for buyers and sellers in the Greater Toronto Area (GTA).September home sales in the GTA spiked year-over-year, with declines in average home prices and increased flexibility in negotiations, as sellers are accepting offers well below the asking price, helping to lure cost-conscious buyers out of hibernation. This is thanks in part to the runaway supply of unsold units.A few factors are driving the 5,592 home sales reported by TRREB in September –  a noticeable 8.5 per cent bump over the same month last year. One factor cited by TRREB President Elechia Barry-Sproule is the recent Bank o...

Economics

5 d. ago Copper Set for Best Month in Year as Supply Snarls Rattle Market

Copper headed for the biggest monthly advance in a year, trading just below a 16-month closing high, as investors weighed supply setbacks against weak data from China’s manufacturing sector.

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9 d. ago Mercuria Pares Vast Aluminum Bet That’s Roiled Market for Months

Mercuria Energy Group has pulled back from a giant aluminum trade that drew scrutiny from the London Metal Exchange, according to people familiar with the matter.

Other

1 week ago Canadian market continues streak of improving monthly sales in August

Newfoundland leads the pack with its percentage of increased sales of homes, with Alberta riding a six-month upward trend.

Other

2 w. ago Canada Home Sales Rise for Fifth Month as Inventory Lures Buyers

Canadian home sales rose for a fifth straight month as a buildup of listings lured buyers back to the market.

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2 w. ago This $4 million Toronto property has doubled its price in just 5 years

Toronto real estate math doesn't always math, ya know?For example, this Toronto house in the Beaches is now apparently worth double the price it was a few years earlier, despite having half the land. Let me explain.Back in 2020, 176 Kenilworth Ave. was a dated four-bedroom, two-bathroom house that finally sold for $2,430,000 after sitting on the market for six months.The back of the house showing both lots. The old listing called it a "grand dame" and dangled the idea of a potential lot severance into two 26-by-170 parcels. Builders were told to dream big.An office on the third floor of the home with a balcony. And dream big, they did. Fast forward just five years, and that oversized lot has been severed into two. The original house is gone, and in its place stand a pair of ultra-modern homes.The dining room. Now, one of them — 174 Kenilworth Ave. — just hit the market for a cool $4,299,000.The primary ensuite. The ne...

Economics

3 w. ago Huge harvest market to take over Toronto park for two weekends this fall

Fall is officially slowly creeping in on us, and with that comes pumpkin spice lattes, cozy sweaters galore, and events in the city like the free Fall Harvest Market taking over Toronto's Queens Quay later this month.If an autumn-themed market is something you're looking forward to experiencing during the upcoming season, then mark your calendars and get ready to explore a specially curated vendor market, live music, delicious food, and more to celebrate the arrival of fall.Presented by Street Eats Market and the Waterfront BIA, festival highlights also include a pumpkin patch (cue aesthetic photo opps for your socials), a fire pit and s'mores zone to please your sweet tooth, and an apple bobbing competition (a seasonal staple).A complete list of things to do at the market is available on the event website.Part of the Water/Fall Festival — an attraction that presents art installations, entertainment, food markets, and more, over a span of two weekends in the c...

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3 w. ago Tech stocks are doing so well it’s drawing concern from investors

There's growing unease ahead of a string of market-moving events in the next month

Economics

3 w. ago Oil Steadies as Traders Weigh OPEC+’s Modest Increase to Output

Oil steadied after OPEC+ agreed to raise production at a modest rate next month, highlighting some caution from the group as the market faces a glut toward the end of the year.

Economics

last month Hiring stalls in U.S. with companies reluctant to expand in an uncertain economic landscape

WASHINGTON — U.S. employers added just 22,000 jobs last month as the labour market continued to cool due to uncertainty over President Donald Trump’s economic policies. Hiring decelerated from 79,000 in July, the Labor Department said Friday, and came in below the roughly 80,000 economists had expected for August. The unemployment rate ticked up to […]

Economics

last month The average home is now going for way under asking price in almost 100% of the GTA

The days of Toronto serving as one of the hottest cities in the world for real estate have come and gone, as the region continues to struggle with an abundance of condos, townhomes and houses that no one seems interested in purchasing.Leaders continue to underscore how crucial it is that we ramp up residential construction, yet a record number of homes — upwards of 30,000 — sit on the market each month.The disparity between supply and demand has hit a new high this year, but in the complete opposite way than most may have expected: sales activity is in freefall as more and more properties hit the market, and properties are sitting on the market for far longer as a result. It means that those few who aren't balking at interest rates, recession, tariffs and general economic precarity, and are actually looking to invest, have been able to nab quite a deal.According to recent data, in a whopping 98 per...

Economics

last month US employers likely added a modest 80,000 jobs last month, a sign that the labor market has cooled

WASHINGTON (AP) — When the Labor Department put out a disappointing jobs report a month ago, an enraged President Donald Trump responded by firing the economist in charge of compiling the numbers and nominating a loyalist to replace her. Nothing quite so dramatic is likely Friday when the department releases hiring and unemployment numbers for […]

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