Bank of Canada is wary of signs of a turning point in the economy as it hikes key interest rate again; newly-sworn in Mayor Olivia Chow has said the city will sue the province if it expropriates land at Ontario Place and Doug Ford is not impressed; cost escalation is pushing Toronto-area developers further out; and other news.
Bank of Canada wary of signs of a turning point in economy, as it hikes key interest rate again (CBC)
‘Disappointing’: Doug Ford not impressed with Olivia Chow’s threat to take the province to court (The Star)
Cost escalation pushing Toronto-area developers further out (The Globe and Mail)
Why does the Bank of Canada have a 2-per-cent inflation target? (CTV News)
2nd developer goes to court to avoid questions from Ontario auditor general in Greenbelt probe (CBC)
Bank regulator steps in to deter banks from extending mortgages to as long as 90 years (The Star)
Heavy rain to move out of GTA this morning; muggy air mass will stick around (CityNews)
Dufferin Street Bridge southbound lanes closed for up to 2 months for repairs (CBC)
Mortgage payments for many to skyrocket after Bank of Canada rate hike (The Star)
Premiers push back on Ottawa’s clean energy policies (The Globe and Mail)
Pints on patios, but not in parks — why drinking alcohol in public spaces is still such a big deal (CBC)
Olivia Chow sworn in as mayor, saying Toronto can find its ‘swagger’ by working together (The Star)