Canadian home sales rise 2.8% in June
The industry group's Home Price Index edged down 0.2 per cent on the month and was down 3.7 per cent annually, while the national average selling price was down 1.3 per cent on the year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Sun
13 minutes ago
- Toronto Sun
Canada ‘ready to engage' with China on trade as canola feud escalates
China announced a 75.8% preliminary anti-dumping duty on canola seed from Canada Published Aug 13, 2025 • Last updated 4 minutes ago • 2 minute read Bee hives in a canola field on a farm near Oak Bluff, Manitoba. Photo by Shannon VanRaes / Photographer: Shannon VanRaes/Bl Canada's trade and agriculture ministers said they are 'deeply disappointed' with China's decision to impose new duties on Canadian canola, but stand ready to engage with Beijing on the trade dispute. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Trade Minister Maninder Sidhu and Agriculture Minister Heath MacDonald issued a joint statement late Tuesday responding to China's announcement of a 75.8% preliminary anti-dumping duty on canola seed from Canada. The new levy follows Beijing's imposition earlier this year of a 100% tariff on canola oil and meal from the North American nation. 'We do not dump canola. Our hard-working farmers provide world-class food to Canadians and international trading partners,' Sidhu and MacDonald said. 'Canada is committed to ensuring fair market access for our canola industry and we remain ready to engage in constructive dialogue with Chinese officials to address our respective trade concerns.' While China remains Canada's largest export market for canola after the US, exports of the crop to other regions, including the European Union, United Arab Emirates, Japan and Mexico, have increased in 2025, the ministers said. 'We are steadfast in our commitment to defend and diversify Canadian trade,' they said. This advertisement has not loaded yet, but your article continues below. Canola meal prices in China — where the commodity is known as rapeseed — jumped following the announcement of the new duty. Canola futures in New York climbed as much as 1.7% on Wednesday, after dropping 4.5% in the previous session. China began imposing levies on Canadian canola products earlier this year in retaliation for Canadian tariffs on Chinese-made electric vehicles, steel and aluminum. The Asian superpower previously restricted imports of Canadian canola in 2019, amid the feud over Canada's arrest of Huawei executive Meng Wanzhou on a US extradition warrant. Canadian Prime Minister Mark Carney, who won election this year on promises to fight the trade war with the US and diversify Canada's export markets, appeared to open the door to a thaw in relations with China in a call with Premier Li Qiang in June. The two agreed to work together on the fentanyl crisis, and Carney raised trade concerns, including on canola. Provincial leaders in Canada have urged Carney to repair trade relations with China, particularly as US tariffs impede Canada's access to the world's largest economy, where it sent 75% of its exports last year. Saskatchewan Premier Scott Moe, whose province is Canada's top canola producer, has said the country must reset its relationship with China. Columnists Editorial Cartoons Crime Relationships Sunshine Girls
CTV News
13 minutes ago
- CTV News
What to know about credit card travel insurance as an Air Canada strike looms
The Air Canada check-in area inside Terminal 1 of Toronto Pearson International Airport is pictured in Mississauga, Ont., on Wednesday, Aug. 13, 2025. THE CANADIAN PRESS/Arlyn McAdorey After carefully planning a summer vacation, the last thing on your mind should be finding alternate transportation. But some travellers could be left scrambling as the clock ticks down to a possible work stoppage at Air Canada. The airline says it will gradually suspend its flights starting Thursday after the union representing the airline's 10,000 flight attendants and the airline itself issued 72-hour strike and lockout notices, respectively. They are set to take effect around 1 a.m. ET on Saturday. It can be challenging for customers who are stuck in the crossfire, dealing with delays and cancellations. But travellers may be in luck if they booked their tickets with a credit card that has built-in travel insurance — with one caveat. 'You have to make sure that when you're booking it, it isn't past the date where many of (the credit card companies) would view it as a known event,' said Will McAleer, executive director of the Travel Health Insurance Association. That means as long as the tickets were booked before a potential labour dispute became apparent, the credit card travel insurance would cover it under their trip cancellation policy, McAleer explained. If the ticket was booked via credit card after the strike became foreseeable, the disruption-related costs wouldn't be covered, he added. But it's important to read the fine print of your credit card's travel insurance policy, said Natasha Macmillan, senior business director of everyday banking at Macmillan said consumers need to double-check if labour dispute-related cancellations or delays are covered. Often, the travel policy would specify exclusions such as delays caused by government actions, a pandemic or labour disruption. She said labour dispute coverage can also vary depending on the card type and card provider. For example, some high-end credit cards may cover disruptions from labour strikes even when the tickets were booked after it became a foreseeable event. Macmillan said travellers should also understand their coverage limits and payout rules. 'There tend to be very specific requirements,' she said. For example, some credit card travel insurance may cover up to $5,000 for a trip cancellation, while other cards may have a lower limit. Besides the maximum coverage, McAleer said travellers need to determine if the policy is sufficient for the trip — is it less than or more than what you've paid per traveller. Consumers also need to make sure they meet the terms and conditions of the credit card policy, which could include paying for a large portion of the trip through the credit card, he added. McAleer said if there's a trip interruption when a traveller is already in transit, the airlines usually provide some services, such as meals and hotel stays. During labour disruptions, Steven Harris, a licensed insurance broker and expert, said while passengers are generally entitled to reimbursement for accommodations, meals and rebooking, airlines are not obligated to compensate for additional costs such as prepaid hotel bookings unless they are specifically covered by the airline's policy or a travel insurance policy. Air Canada has said customers affected by flight cancellations will be eligible for a full refund. It has also made arrangements with other carriers to provide alternative options, but warns it could take time to secure capacity given other airlines are already full due to the summer travel peak. Experts say credit card insurance policies come down to understanding the coverage and doing your homework ahead of time. 'We all know there's a reasonable chance this could happen,' he said. 'If I was travelling on those days and likely going to be impacted over that time, I would make that call.' McAleer said it's important to double-check with the credit card administrator to see if the policy covers labour strikes. 'I'd want to call my credit card issuer and see what my protection was likely going to do,' he said. 'Prepare yourself for any surprise.' --- Ritika Dubey, The Canadian Press This report by The Canadian Press was first published Aug. 13, 2025.
Globe and Mail
13 minutes ago
- Globe and Mail
Franco-Nevada Q2 Earnings Beat Estimates, Revenues Rise 42% Y/Y
Franco-Nevada Corporation FNV reported adjusted earnings of $1.24 per share in the second quarter of 2025, beating the Zacks Consensus Estimate of $1.10. The bottom line increased 65% year over year. Franco-Nevada's Q2 EBITDA Margin Rises Y/Y The company generated record revenues of $369 million in the reported quarter, up 42% year over year. The upside was driven by record gold prices and contributions from Precious Metal assets. In the June-end quarter, 82% of revenues were sourced from Precious Metal assets (70% gold, 10% silver and 2% platinum group metals). The company sold 92,449 Gold Equivalent Ounces (GEOs) from Precious Metal assets in the reported quarter, up from the prior-year quarter's 82,350 GEOs. In the reported quarter, adjusted EBITDA surged 64.8% year over year to a record $366 million. The adjusted EBITDA margin was 99% in the quarter under review compared with the prior-year quarter's 85.3%. FNV's Q2 Financial Position The company had $0.16 billion in cash on hand at the end of the second quarter of 2025, down from $1.45 billion at the end of 2024. It recorded an operating cash flow of $719 million in the first half of 2025, up from $373 million in the prior-year period. FNV now has an available capital of $1.1 billion. Franco-Nevada's 2025 Outlook Backed by a rise in deliveries from Antapaccay, the first full quarter contributions from Porcupine and Côté, and initial contributions from Vale's Southeastern System, the company expects an increase in GEO sales for the second part of 2025. FNV expects total GEO sales to be in the range of 465,000 to 525,000 GEOs for 2025. FNV Stock's Price Performance Franco-Nevada's shares have gained 43.8% in the past year compared with the industry 's growth of 53%. Franco-Nevada's Zacks Rank FNV currently flaunts a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Peer Performances Kinross Gold Corporation KGC reported adjusted earnings of 44 cents per share compared with the prior-year quarter's 14 cents. The bottom line beat the Zacks Consensus Estimate of 33 cents. Kinross Gold's revenues rose 41.7% year over year to $1,728.5 million in the second quarter. It topped the Zacks Consensus Estimate of $1,347.3 million. The rise is attributed to a higher average realized gold price. Agnico Eagle Mines Limited AEM reported adjusted earnings of $1.94 per share for the second quarter of 2025, up from $1.07 in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of $1.83. Agnico Eagle Mines generated revenues of $2,816.1 million, up 35.6% year over year. The top line surpassed the Zacks Consensus Estimate of $2,553 million. Newmont Corporation NEM reported second-quarter 2025 adjusted earnings were $1.43 per share, up from 72 cents in the prior-year quarter. It topped the Zacks Consensus Estimate of $1.04 per share. NEM's revenues for the second quarter were $5,317 million, up 20.8% from $4,402 million in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $4,582.5 million. The increase in the top line was driven primarily by higher year-over-year realized gold prices. See our %%CTA_TEXT%% report – free today! 7 Best Stocks for the Next 30 Days Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM): Free Stock Analysis Report Kinross Gold Corporation (KGC): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Franco-Nevada Corporation (FNV): Free Stock Analysis Report
