Ottawa will 'not budge' from 'sustainable' immigration levels: Carney

Published: October 21, 2026 at 11:58a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. TORONTO — A new report says Ontario’s housing market is expected to improve “modestly” next year as favourable economic conditions help push buyers off the sidelines, though higher borrowing costs could dull the extent of the rebound. Desjardins senior economist Kari Norman calls the province’s housing sector “weak” despite improved affordability, greater buyer choice and easing rental conditions. Her report predicts existing home sales would rise nearly five per cent in 2027 compared with this year, remaining well below long‑term norms, while balanced market conditions should lead to average price growth of 2.4 per cent next year. Most recent real estate news from BNNBloomberg.caThe analysis also says the interest rate backdrop will “likely remaining challenging,” with two rate hikes by the Bank of Canada expected in 2027 that would limit affordability gains from recent home price declines and rising disposable incomes.

MarketsPublished: October 21, 2026 at 11:42a.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 rose more than 250 points, helped by strength in the financial and technology sectors, while U. S. stock markets also climbed higher in late-morning trading. The S&P/TSX composite index was up 251.96 points at 36,359.92. Real-time TSX market updates hereIn New York, the Dow Jones industrial average was up 77.15 points at 52,573.03. The S&P 500 index was up 26.38 points at 7,738.95, while the Nasdaq composite was up 226.92 points at 26,651.74. The Canadian dollar traded for 71.08 cents US compared with 71.15 cents US on Tuesday. S&P 500 market updates hereThe December crude oil contract was up 10 cents US at US$97.92 per barrel. The December gold contract was up US$2.60 at US$4,145.20 an ounce.---This report by The Canadian Press was first published Oct. 21, 2026.

Published: October 21, 2026 at 11:26a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. MONTREAL — The Public Sector Pension Investment Board has signed a deal to launch a joint venture with Nuveen Real Estate to invest in open-air shopping centres in the United States. The partnership is starting with a US$790-million portfolio. PSP Investments says the strategy is demographically driven, focusing on open-air shopping centres anchored by grocers, necessity-based retailers, and essential services. Latest updates on investing hereIt is targeting U. S. metro areas with strong population growth, rising household incomes and high barriers to entry, where retailers are seeking to expand. To date, PSP Investments and Nuveen say they have closed deals on 19 assets in Virginia, Arizona, Florida, Minnesota, Texas, California, Colorado, and Washington. PSP Investments invests money for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police, and the Reserve Force.---This report by The Canadian Press was first published Oct. 21, 2026.

Published: October 21, 2026 at 10:45a.m. EDTMark Carney’s trip to Türkiye Wednesday marks the first ever bilateral visit to the country by a Canadian prime minister. Carney will sit down with Turkish president Recep Tayyip Erdogan in Ankara Wednesday, before heading to Istanbul for a series of business meetings. His office is not releasing who else he plans to meet with ahead of the trip. While Reuters reports Canada and Türkiye will sign a joint declaration aimed at deepening ties in four areas including defence and energy, senior officials repeatedly declined to say what announcements are expected, beyond that something would be announced. How to set CTV News as your preferred source on GoogleAnother government source suggested what’s in the works is not finalized enough to the point of being able to share. Officials did say the areas of trade focus include defence, energy, mining, tech and agriculture. University of Ottawa international affairs professor Thomas Juneau calls Türkiye a “competitive autocracy” – too far removed to be considered a democracy.

Published: October 21, 2026 at 10:45a.m. EDTMark Carney’s trip to Türkiye Wednesday marks the first ever bilateral visit to the country by a Canadian prime minister. Carney will sit down with Turkish president Recep Tayyip Erdogan in Ankara Wednesday, before heading to Istanbul for a series of business meetings. His office is not releasing who else he plans to meet with ahead of the trip. While Reuters reports Canada and Türkiye will sign a joint declaration aimed at deepening ties in four areas including defence and energy, senior officials repeatedly declined to say what announcements are expected, beyond that something would be announced. How to set CTV News as your preferred source on GoogleAnother government source suggested what’s in the works is not finalized enough to the point of being able to share. Officials did say the areas of trade focus include defence, energy, mining, tech and agriculture. University of Ottawa international affairs Prof. Thomas Juneau calls Türkiye a “competitive autocracy” – too far removed to be considered a democracy.

Company NewsPublished: October 21, 2026 at 10:07a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. AT&T raised its annual adjusted profit forecast on Wednesday after beating quarterly revenue and profit estimates, betting on its service bundles to drive growth and keep customers from switching to rivals. About 43 per cent of households signing up for AT&T’s internet services also opt for its wireless plans, helping the company build stickier customer relationships and reduce disconnects as competition intensifies in the U. S. telecom market.