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Markets Slip as U.S.–Iran Standoff Deepens and Risk Sentiment Weakens

  North American markets opened the week under pressure as renewed U.S.–Iran tensions rattled global risk sentiment. Major indexes across Canada and the U.S. slipped, with investors shifting toward defensive sectors and safe‑haven assets. The latest escalation — including heightened military posturing and stalled diplomatic channels — pushed oil prices higher and injected fresh volatility into energy markets. While rising crude typically supports Canadian producers, the broader uncertainty weighed on equities, particularly in rate‑sensitive and cyclical sectors. Bond yields edged lower as investors sought safety, and the Canadian dollar softened slightly against the U.S. dollar, reflecting a cautious tone across global markets. For Canadian investors, the key risk remains prolonged geopolitical instability feeding into energy prices, inflation expectations, and central‑bank policy paths. Until tensions ease, markets are likely to remain headline‑driven and choppy.

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Average Rent in Canada Hits All-Time High in 2024

 

According to a report by Rentals.ca, the average rent in Canada has reached an all-time high of $2,178 per month, showcasing an 8.6% increase from the same period in 2022 . The report also notes that the rental market will remain undersupplied in 2024, though a shift toward greater balance is expected . Rent growth is projected to converge toward its five-year average of approximately 5% .

The increase in rental costs shows no signs of slowing down, with one-bedroom purpose-built and condo rentals seeing the biggest increase (+13% YoY), averaging $1,850 . The average rent for two bedrooms came in at $2,192, while for three bedrooms, the average was reported at $2,413.

The outlook for renters in Canada in 2024 is not very optimistic, as the rental market is expected to remain tight. However, the report suggests that the rental market will become more balanced in the coming years.


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