Canada’s average asking rent has declined for the 24th consecutive month, marking one of the longest downturns in the country’s rental market. According to the September 2026 report from Rentals.ca and Urbanation, the average asking rent in Canada fell to $2,034, down 4.2% from the same month last year. Rents are now at their lowest level since 2022. The national average asking rent had reached a record high of $2,202 in May 2024, but has declined steadily since then, driven by increased housing supply and easing interest rates. Urbanation President Shaun Hildebrand said major markets such

An Air Canada aircraft was struck by a Delta Air Lines plane at Los Angeles International Airport on Tuesday morning. According to the U.S. Federal Aviation Administration (FAA), the incident occurred at around 10:30 a.m. local time. The Delta aircraft was preparing for departure when the tip of its left wing collided with the tail of Air Canada Flight 785, which had arrived from Toronto. At the time of the incident, the Delta aircraft was carrying 275 passengers and 15 crew members. The Air Canada aircraft was being towed to a gate after all passengers had disembarked. Fortunately, no passeng

Canadian Prime Minister Mark Carney has announced a visit to Türkiye from October 21 to 23 aimed at strengthening trade, investment, energy and defence ties between the two countries. According to a statement from the Prime Minister’s Office, this will be the first bilateral visit to Türkiye by a Canadian prime minister. During the visit, Carney will meet Turkish President Recep Tayyip Erdoğan in Ankara, where they are expected to discuss a potential free trade agreement. Carney will also meet with business leaders and investors in Istanbul. The visit comes as Canada seeks to reduce its r

Prime Minister Mark Carney has emphasized the need to work with Quebec’s incoming separatist Parti Québécois government. Speaking to reporters Tuesday morning, Carney said he had spoken by phone with incoming Quebec Premier Paul St-Pierre Plamondon and congratulated him on his election victory. Carney described the current period as a critical time for the country, saying it is important to focus on the challenges facing Canada today rather than issues that may be years away. The Prime Minister said Ottawa is already working closely with Quebec on issues including affordable housing and ad

Canada recorded a $11.2 billion trade surplus with the United States in August, nearly double the $6.1 billion surplus reported in July. According to a report released by Statistics Canada on Tuesday, exporters accelerated shipments to the U.S. ahead of the implementation of new tariffs imposed by U.S. President Donald Trump. Canadian exports to the U.S. increased by 8.1 per cent, while imports declined. Economists say the full impact of the new tariffs will become clearer in the September data, which will also reflect the impact of Canada’s counter-tariffs. Statistics Canada said Canada’s

The Parti Québécois is set to form a minority government in Quebec after winning 59 seats in the provincial election, marking a major shift in the province’s political landscape. PQ Leader Paul St-Pierre Plamondon will become Quebec’s next premier. In his victory speech, Plamondon described the result as the beginning of a new chapter and said he believes Quebec’s long-standing separatist aspirations could eventually be realized. The election result also dealt a major blow to the Coalition Avenir Québec, which had governed the province for the past eight years. The party failed to win

Canada’s services sector continued to contract in September, marking the fourth consecutive month of decline. According to the S&P Global Canada Services PMI, released Monday, the headline business activity index improved slightly to 48.3 in September, up from 46.8 in August, but remained below the key 50 mark that separates expansion from contraction. Experts attributed the weakness to ongoing tariff disputes, U.S. restrictions on Canadian products and global uncertainty linked to tensions in the Middle East. However, there was some positive news as Canadian companies remained optimisti

Canada and India have begun the fifth round of trade negotiations in Ottawa, with International Trade Minister Maninder Sidhu confirming that the talks got underway today. Sidhu highlighted the strength of India’s economy, saying it is growing at an annual rate of 7%. He also noted that India’s energy needs are expected to increase by up to 70% by 2035, adding that Canada could play an important role in meeting that demand. The chief negotiators from both countries are working to finalize a free trade agreement by the end of this year. The latest round of talks in Ottawa will continue unti

The trial of former Air Canada employee Parampal Sidhu has begun at a Brampton court in the high-profile case involving the largest gold heist in Canadian history. The trial is expected to last two to three weeks. Sidhu faces charges of theft over $5,000 and conspiracy to commit an offence in connection with the case. The trial comes after prosecutors last month withdrew charges against two alleged suspects, Amit Jalota and jeweller Ali Raza, who was accused of purchasing some of the stolen gold. The gold heist took place on April 17, 2023, when nearly 400 kilograms of gold worth more than $20