Canadian heavy oil discounts deepen on supply glut - The Globe and Mail

Reagan Zuzarte, Cara Hirsch, and Ford Shirriff (leather jacket) are part of the team at QuietMarket, a new platform that connects home buyers with privately offered new construction units at significant discounts that would otherwise only be available to purchase in bulk. As Toronto’s condo crash deepens, developers are privately selling large blocks of unsold units to investment firms at steep discounts — deals that can be nearly impossible for ordinary buyers to access. A new service is allowing individuals to access these secret sales for the first time.

The mood in markets isn't good today but there is some good news below the surface for stock markets and gold. Treasury yields are down 12-14 basis points across the curve as the market gorws increasingly confident that the Fed won't hike rates next week or be overly hawkish. At the 10-year tenure, yields are down 13.5 basis points and nearing the key 5% level. That's a substantial decline from a high of 5.34% earlies this month, in what was a post-financial crisis high. The negative take on the drop in yields is that the tide is going out on the AI trade and investors are seeking safety. That's certainly a consideration strictly in terms of the AI trade. On the other side, there's a large part of the economy that's not AI or particularly vulnerable to AI investment. If the Treasury market is sniffing out a lower-inflation environment, or a less-profilgate Washington, then it would benefit things like home builders. Not surprisingly, the XHB home builder ETF is up 3% today. Along those lines, the Russell 2000 jumped earlier this week and even on an ugly day like today in the Nasdaq (-2.4%), it's down just 0.3% today.

Canadians’ frustration with Trump, U. S. on display at quiet border crossing U. S. President Donald Trump's latest criticism of Canada and renewed tariff threats are once again fuelling frustration among Canadians. That sentiment is having a real impact on summer travel plans. Recent statistics indicate many Canadians are choosing not to vacation in the United States this summer. Tim Sargeant visited Quebec's busiest border crossing to gauge travelers' views – Jul 22, 2026

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For the first time since 2016, a direct flight to Newark Liberty Airport will soon be on the departures board at St. John’s International Airport. United Airlines will be providing the daily service to the greater New York area starting in June of 2027 and running until September. The CEO of the airport authority, Dennis Hogan, says they know there’s been a lot of demand for the route in recent years and they’re excited to finally have an agreement in place. St. John’s International Airport CEO Dennis Hogan (VOCM News)He says it’s not just as simple as picking up the phone and asking an airline to set up shop. The effort involves various stakeholders from the airport and government, local businesses and those working in the hospitality industry. He says it’s a competitive process as airports right across Canada are also looking to bring in new routes or extend their current offerings. Between the various groups involved, they were able to make the case that demand between YYT and Newark would be a profitable venture for the airline. Listen to “SJIAA CEO Dennis Hogan” on Spreaker. The hope is that the route will be successful enough to be able to offer it on an expanded schedule.