Catch up on the stories we’re following today
It’s Monday, Oct. 26. Here are the top stories we’re following today.
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Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
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Canada’s oilpatch has a new problem: too much money. Producers are generating more cash than they know what to do with, and investors are lining up to get a piece of it.
The Bank of Canada has held its policy rate steady at 2.25 per cent for more than 11 months, and was widely expected to stay on the sidelines for the rest of the year. But a number of economists are predicting the bank will hike this week, with markets pricing in an 80 per cent chance that rates will rise for the first time since 2023.
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Under-the-radar costs to produce goods in Canada came in “hot,” possibly foreshadowing higher prices across the economy, says one economist.
The real test of the rapidly improving office market might be who builds the next so-called “trophy tower” in Toronto, where vacancy rates in the best AAA buildings have been dropping fast, writes Garry Marr.
Denver-based Ovintiv Inc. is extending its push into Alberta, agreeing to buy Calgary-based Logan Energy Corp. in an all-cash deal valued at about $1.26 billion, including debt.
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