Ontario housing market set for modest rebound in 2027: Desjardins report

Published: October 22, 2026 at 11:49a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. All things considered, Julia Chung had a lot working in her favour when she was tasked with settling the estates of not one, but two, uncles who died earlier this year. As a financial planner, she has more money know-how than most. And her uncles had each clearly communicated their end-of-life wishes and ensured vital information was accessible. Even still, it’s been exhausting. “When you’re experiencing grief at the same time, which I definitely have been, there were moments where I was like, ‘I literally can’t think,’” Chung, CEO of Spring Planning, said in an interview from Vancouver. Latest economic news on BNNBloomberg.caPeople often name someone they love and trust to be executor of their estates, which involves settling debts, managing assets and tying up myriad other loose ends. It’s a time-consuming, emotionally heavy and logistically dizzying role that can sometimes bring a financial hit.

MarketsPublished: October 22, 2026 at 11:40a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. TORONTO — Canada’s main stock index was down more than 400 points in late-morning trading, weighed down by losses in the energy, technology and base metal sectors, while U. S. stock markets also fell. The S&P/TSX composite index was down 412.00 points at 35,912.99. Real-time TSX market updates hereIn New York, the Dow Jones industrial average was down 85.20 points at 52,770.89. The S&P 500 index was down 86.44 points at 7,670.73, while the Nasdaq composite was down 542.82 points at 26,160.04. The Canadian dollar traded for 71.28 cents US compared with 71.14 cents US on Wednesday. S&P 500 market updates hereThe December crude oil contract was up US$1.35 at US$98.50 per barrel. The December gold contract was down US$77.80 at US$4,072.20 an ounce.---This report by The Canadian Press was first published Oct. 22, 2026.

The uranium sector has a very strong fundamental profile to move higher over the long term, and demand is expected to continue to grow. Nuclear power is now considered a source of green energy and the world’s demand for energy is skyrocketing. The buildout of AI and the shift to electrically powered transportation have created new sources of demand for electricity. “Electricity is at the heart of modern economies and electricity demand grows much faster than overall energy use in all scenarios. It rises by around 40 per cent to 2035 in both the CPS and the STEPS, and by more than 50 per cent in the NZE Scenario,” according to IEA World Energy Outlook 2025. Supply is not expected to be able to keep up with demand and is expected to decline. It takes 10 to 15 years to greenfield (develop from scratch) a uranium mine. Even if more uranium mines were started today, the output would not come online for many years to come. Most analysts and experts in the field acknowledge that there is going to be a substantial shortfall in uranium production. It is just a matter of how much of a shortfall and when it occurs.

PoliticsPublished: October 22, 2026 at 11:02a.m. EDTIndustry Minister Melanie Joly says Stelco owner Clevland-Cliffs has ‘spoken in favour of U. S. tariffs,’ putting Canadian jobs at risk. Industry Minister Melanie Joly has given Stelco 15 days to make good on its agreements with the Canadian government or face legal action. Joly made the demand in a letter to Stelco’s general counsel on Thursday. In an accompanying statement on X, she wrote that Cleveland-Cliffs, the American company that acquired the steel producer in 2024, made legally binding commitments that were key to allowing the transaction to proceed. How to set CTV News as your preferred source on Google“As we stand right now, the business is still taking steps to lay off 500 workers. Despite being given multiple opportunities, Cleveland-Cliffs has repeatedly failed to demonstrate that they are compliant with their undertakings. That is unacceptable.”More details to come…

Published: October 22, 2026 at 10:29a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Union Pacific beat Wall Street estimates for third-quarter profit on Thursday, helped by core pricing gains, but flagged a hit from higher fuel prices. The railroad’s shares were up about two per cent in early trading. The Middle East conflict has pushed fuel prices higher, increasing costs for transportation companies and pressuring margins across sectors, including trucking, logistics and aviation. Prices of diesel, a key cost for freight carriers, surged to a record US$6.53 per gallon in September, according to AAA data. Latest updates on company news hereUnion Pacific said higher fuel costs hurt its operating ratio (OR) by 140 basis points during the quarter, although the ratio improved by 10 basis points to 59.1 per cent. Operating revenue jumped 15 per cent from a year earlier, driven by higher fuel surcharges, alongside volume growth and core pricing gains. Freight revenue excluding fuel surcharges increased 6 per cent.

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. NEW YORK — Drops for stocks in the artificial-intelligence industry are dragging down markets worldwide on Thursday, while oil prices hit their highest levels since May because of worries about the war with Iran. The S&P 500 sank 0.8 per cent following even sharper losses in Asia, whose markets are full of AI and other technology stocks. The Nasdaq composite was down 1.5 per cent, as of 10 a.m. Eastern time, but stocks outside of tech did better, and the Dow Jones Industrial Average was down a modest 0.1 per cent, or 60 points. AI-related stocks have been shaky on worries that their boom may be under threat because of how expensive it’s become to borrow money to build data centres and buy more AI chips. Concerns also remain that prices simply shot too high for AI-related stocks in their yearslong frenzy, even though companies in the industry continue to report growth.