Bank of Canada's Hawkish Hold and Toronto's Sputtering Housing Market Frame Canada's Economic Crossroads

The Bank of Canada held its benchmark rate at 2.25% on Wednesday, but its hawkish tone is pulling forward rate hike calls from some economists. Desjardins now forecasts a 50 basis point hike to 2.75% next year, citing the greater threat of inflation from higher fuel prices spreading through the economy.

Toronto Housing Market Cools, Listings Tank

GTA home sales fell 2.1% year-over-year in August, with the benchmark price holding...