Looking to buy a house in Canada amid trade war? What RBC report is telling us about the real estate market

From 2021 to 2023, Canadians experienced significant price increases attributed to pandemic-related supply-chain issues and government spending, yet these "temporary" hikes have persisted post-pandemic, with inflation rates surging beyond typical levels. Economists attribute ongoing inflation to factors like corporate greed, market competition, and external shocks, including the Ukraine conflict and poor agricultural yields, leaving consumers to bear the costs. Explain It To Me Like I'm 5: After the pandemic, Canadians continue to face persistent price...

Canadians continue to face elevated prices from pandemic-era inflation, initially driven by supply-chain issues and increased consumer demand. Despite a return to normal inflation levels, factors such as corporate greed, lack of competition, and external events like the Russia-Ukraine conflict have contributed to persistent price hikes across various goods, including food and energy. Explain It To Me Like I'm 5: Canadians are still grappling with persistent inflation from pandemic-era price hikes, which were initially attributed...

Canadian exporters face rising anxiety as the U.S. threatens to significantly increase softwood lumber duties, potentially from 14% to 34%, amid a national security investigation. While Canadian firms, like Canfor, brace for higher tariffs, they have expanded production capacity in the U.S. to mitigate risks, but American producers seek to limit Canada's market share further and push for tariffs that could bolster U.S. production. Explain It To Me Like I'm 5: The ongoing trade tensions...

Denis Shapovalov of Richmond Hill, Ontario, celebrated his victory in the men's singles final at the Mifel Tennis Open, defeating Aleksandar Kovacevic of the United States with a score of 6-4, 6-2 in just one hour and 11 minutes. The tournament took place in San José del Cabo, Mexico, a region renowned for its beaches and resorts. Explain It To Me Like I'm 5: Denis Shapovalov won a tennis match in Mexico and was really...

Ontario Premier Doug Ford is hosting a summer gathering for Canada's premiers in Muskoka, featuring Prime Minister Mark Carney, who has been invited for the first time, signaling improved federal relations. The premiers aim to strategize a response to U.S. tariffs imposed by President Trump, with Ford emphasizing the importance of negotiating from a position of strength and on-shoring Canadian manufacturing to mitigate economic impacts. Explain It To Me Like I'm 5: Ontario Premier Doug...

Smoke from wildfires is causing poor air quality and reduced visibility across Manitoba this weekend, prompting Environment Canada to issue a warning for several regions, including Winnipeg, the Interlake, and Thompson. The warning was issued on Saturday morning, highlighting the widespread impact of the wildfires on air conditions in the province. Explain It To Me Like I'm 5: Wildfire smoke is making the air dirty and hard to see in Manitoba, so people need to...