Canada’s real estate market could face renewed pressure if the Bank of Canada raises interest rates, with mortgage and lending experts warning that higher borrowing costs could discourage homebuyers and push house prices lower. The central bank has not raised interest rates since July 2023. While it is expected to keep its benchmark rate unchanged for an eighth consecutive decision, many economists and traders believe rate hikes could be on the horizon as policymakers seek to contain inflation. The Bank of Canada’s policy rate has remained at 2.25% since a 0.25-percentage-point cut in Octo

Preliminary results from Alberta’s referendum on nine questions related to immigration and constitutional reforms show majority support for most of the provincial government’s proposals. About 58.6 per cent of voters supported giving Alberta greater control over immigration. Meanwhile, 57 per cent backed restricting access to services such as health care and education to Canadian citizens and permanent residents, while charging temporary residents fees for these services. A total of 58.4 per cent supported requiring temporary residents to live in Alberta for 12 months before qualifying for

Canada’s annual inflation rate rose to 3.1 per cent in September, slightly exceeding the Bank of Canada’s upper target limit of 3 per cent. Inflation had remained steady at 3 per cent in August. According to a report released by Statistics Canada on Monday, higher gasoline and diesel prices were the main contributors to the increase in inflation last month. Food prices also rose, although the pace of growth was slower than in the previous month. Statistics Canada reported that grocery prices increased by 1.7 per cent year over year in September, down from 2.8 per cent in August. This marke

Four Canadian Armed Forces personnel were killed in an explosion following a wildfire at the Wainwright military training base in Alberta on Saturday, while 39 other soldiers suffered serious burn injuries. Nineteen of the injured remain in critical condition. Military officials acknowledged that they had been aware of the fire but initially did not consider it a threat, as it was approximately one kilometre away and appeared to be under control. Live-fire training was therefore allowed to continue. However, strong gusts of wind suddenly changed the fire’s direction in the evening, allowing

Calgary police have seized drugs worth $6.8 million and arrested four suspects in one of the largest drug busts in the city’s history. The investigation began in June 2026, when police identified a residence allegedly linked to drug trafficking. According to Calgary Police Acting Chief Asif Rahid, the seizure ranks among the largest drug busts in the department’s history. Investigators allege that the suspects were operating a drug trafficking network in Calgary and Edmonton. Police executed search warrants at five residences, including four in Calgary and one in Cochrane. During the raids

Lethbridge police have arrested a 42-year-old man on multiple charges related to human trafficking. Police said the investigation began on September 29 after they received suspicious information about possible human trafficking. Investigators determined that a woman was being trafficked in Lethbridge, with evidence suggesting she had also been exploited in other parts of Canada since 2018. Cody James Barnes was arrested without incident on October 1. At the time of his arrest, he was allegedly violating court-imposed release conditions related to a previous human trafficking case. Barnes faces

U.S. President Donald Trump has once again made provocative remarks about Canada amid the ongoing trade war between the two countries, claiming that Canada will eventually have no choice but to become the 51st U.S. state. Speaking at a campaign rally in Bullhead City, Arizona, on Wednesday evening, Trump accused Canada of repeatedly harming American interests. Raising the issue of dairy products, he alleged that Canada had imposed heavy tariffs on U.S. milk imports, claiming that America had been unfairly treated. Trump said the situation had changed under his leadership, arguing that the Unit

BC Conservative Leader Lorne Doerkson has announced that if his party comes to power, it will legally require a minimum 60-day gap between provincial and municipal elections in the future. Doerkson has promised to introduce the Respect for Local Democracy Act, describing it as one of the party’s top priorities. He argued that the current provincial election campaign has overshadowed municipal election campaigns, preventing local issues such as healthcare, public safety and the cost of living from receiving adequate attention. Criticizing BC NDP Leader David Eby, Doerkson said the NDP had a m

Canada’s Foreign Affairs Minister Anita Anand met Indian External Affairs Minister S. Jaishankar and Prime Minister Narendra Modi on Wednesday during the Bloomberg New Economy Forum in New Delhi. Speaking to Bloomberg, Anand said Canada’s relations with India have improved following several years of tensions. She added that both countries are on track to complete a Comprehensive Economic Partnership Agreement (CEPA) by the end of the year. Addressing the forum, Anand emphasized the role of middle powers in reshaping the changing global order. She said countries could work together to addre