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5 Things to Know Today: Bank of Canada Holds, TSX Rallies, Oil Eases

  5 Things to Know Today Monday, June 15, 2026 1. BoC Holds Rates at 2.25% Amid Economic Weakness The Bank of Canada confirmed its fifth consecutive rate hold at 2.25% on June 10. Governor Tiff Macklem emphasized the bank is "looking through" energy price shocks while monitoring trade policy uncertainty. The key takeaway for borrowers: mortgage rates remain in holding pattern, but the BoC's shift to calling the economy "weak" signals caution ahead. 2. TSX Approaching 35,000 on Diplomatic Optimism The S&P/TSX Composite jumped 0.8% Friday to close at 34,938, riding optimism over potential US-Iran negotiations. Financial stocks led (TD +1.1%, BMO +1.2%), while mining names advanced despite soft gold prices (Agnico Eagle +3.4%). The rebound signals investor appetite returning, though geopolitical uncertainty remains the key wild card. 3. Strait of Hormuz Breakthrough Could Ease Oil Pressure Reports suggest a US-Iran memorandum to reopen the Strait of Hormuz coul...
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Canadian Housing Market Enters Winter Hibernation: What You Need to Know

 


According to a recent news article, the Canadian Real Estate Association (CREA) has reported that home sales in Canada have slowed down in October, with a 5.6% decline compared to September. The article also mentions that both buyers and sellers appear to be holding off for the time being, with some sellers shelving their plans until next spring.

The causes of the slowdown are attributed to various factors, such as higher interest rates, tighter lending rules, rising home prices, and the impact of the COVID-19 pandemic on the economy and consumer confidence. The article also notes that some regions of British Columbia are starting to see softening in average home prices, while average home price declines are still uncommon throughout most of Canada’s major cities.

Despite the slowdown, the Canadian housing market remains active, with 33,921 homes sold in Canada in October, up 0.9% compared with the same month last year. The national average home price rose 1.8% year-over-year to $656,625.

If you’re planning to buy or sell a home in Canada, it’s advisable to keep an eye on the market trends and consult with a licensed real estate agent or mortgage broker. They can provide you with valuable insights and advice on how to navigate the current market conditions and make informed decisions.


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