CTV National News: Tempered expectations over inflation in Canada
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While the end of the consumer carbon tax saw inflation cool significantly, experts say rising grocery costs are tempering expectations. Colton Praill reports.
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CBC
15 minutes ago
- CBC
Canada men's head coach Marsch adds experienced Johnston, Osorio for CONCACAF Gold Cup
Veterans Alistair Johnston and Jonathan Osorio will rejoin Canada later this month for the 2025 CONCACAF Gold Cup. Both are included in Jesse Marsch's 26-man roster, which also adds goalkeeper Tom McGill and defender Kamal Miller to those held over from the 23-player Canadian Shield Tournament, which begins Saturday at 3:30 p.m. ET with No. 30 Canada hosting No. 25 Ukraine at Toronto's BMO Field. The Canadians face No. 41 Ivory Coast next Tuesday at 8:30 p.m. "We're excited to be bringing a very strong squad to the upcoming Gold Cup," Marsch said in a statement. "We're very confident in the group and are looking forward to challenging for the title." Osorio (84 caps), Johnston (53) and Millar (47) bring a combined 184 caps to the squad. Osorio could skip the Shield tournament after suffering a shoulder injury with TFC on April 30. Celtic's Johnston had been dealing with a back issue. Fulback/wingback Richie Laryea, replaced by Zorhan Bassong due to injury in the CONCACAF Nations League Final roster in March, returned to action May 31 for Toronto FC from a hamstring injury that had sidelined him since March 1 and is part of both the Shield and Gold Cup squads. Midfielder Stephen Eustaquio is included in the Gold Cup roster even though his club, Portugal's FC Porto, is involved in the FIFA Club World Cup, which runs at the same time in the United States. The hope is he will be able to rejoin Canada at some point during the Gold Cup. McGill is added as the third goalkeeper on the roster, joining Maxime Crepeau and Dayne St. Clair. Osorio most experienced player There are 12 MLS players, including two from Toronto (Laryea and Osorio), two from CF Montreal (Nathan Saliba and Joel Waterman) and three from Vancouver (Sam Adekugbe, Ali Ahmed and Jayden Nelson). The roster ranges in age from 19 for Fulham defender de Fougerolles to 32 for Osorio, the most experienced player in the group. Canada opens Gold Cup play June 17 against No. 75 Honduras in Vancouver before heading to Houston to complete Group B play against No. 90 Curacao on June 21 and No. 81 El Salvador on June 24. The 16-team Gold Cup, the championship of North and Central America and the Caribbean runs June 14 through July 6 in 13 cities (all but Vancouver in the U.S.). The field includes No. 58 Saudi Arabia as a guest team. The winner and runner-up from each of the four groups advance to the knockout stage. Canada won the Gold Cup in 2000 and was third in 2002. The Canadian men lost to the U.S. in a penalty shootout in the round of 16 last time out in 2023. Mexico has won the title seven times and finished runner-up twice. The U.S. has lifted the trophy seven times and finished second on five occasions. Canada roster Goalkeepers Maxime Crepeau, Portland Timbers (MLS) Tom McGill, Brighton & Hove Albion (England) Dayne St. Clair, Minnesota United (MLS) Defenders Sam Adekugbe, Vancouver Whitecaps (MLS) Derek Cornelius, Olympique de Marseille (France) Luc De Fougerolles, Fulham (England) Jamie Knight-Lebel, Bristol City (England) Richie Laryea, Toronto FC (MLS) Alistair Johnston, Celtic (Scotland) Kamal Miller, Portland Timbers (MLS) Niko Sigur, Hadjuk Split (Croatia) Joel Waterman, CF Montreal (MLS) Midfielders Ali Ahmed, Vancouver Whitecaps (MLS) Tajon Buchanan, Inter Milan (Italy) Mathieu Choiniere, Grasshopper Zurich (Switzerland) Stephen Eustaquio, FC Porto (Portugal) Ismael Kone, Olympique de Marseille (France) Jayden Nelson, Vancouver Whitecaps (MLS) Jonathan Osorio, Toronto FC (MLS) Nathan Saliba, CF Montreal (MLS) Jacob Shaffelburg, Nashville SC (MLS) Forwards Jonathan David, LOSC Lille (France) Promise David, Royale Union Saint-Gilloise (Belgium) Daniel Jebbison, AFC Bournemouth (England) Cyle Larin, RCD Mallorca (Spain) Tani Oluwaseyi, Minnesota United (MLS)


Calgary Herald
15 minutes ago
- Calgary Herald
Average home price growth in Canada outpaces affordability
Article content Home prices have more than doubled wage growth in Canada over the last 25 years, highlighting how housing has become unaffordable across much of the country, a new report has concluded. Article content Desjardins Economic Studies published a study in May finding average home prices since 2000 have 'ballooned' by more than four times whereas household disposable income has only increased a little more than two times. Article content Article content Article content Desjardins further noted that first-time buyers face a steep hill to ownership, especially given they are also paying historically high rent across many Canadian markets. Article content Article content The report pointed to the Desjardins Affordability Index being at historical lows for affordability even as mortgage rates have eased and home prices have fallen in Canada's most expensive markets like the Greater Toronto Area. Article content Affordability hit bottomed out coming out of the pandemic as interest rates soared from near historical lows to about seven per cent for five-year fixed mortgages by fall 2023, but the report noted Canadian households remain under pressure — made worse by Canada-United States trade anxieties. Article content Desjardins added that home price pain is not merely an outcome of lower interest rates during the pandemic and recently high migration to Canada. Prices have accelerated gradually over the last 25 years — though more so as a result of the pandemic. Article content Assuming a household could save 20 per cent of disposable income, earning three per cent per year on money saved, it would take six years to have a down payment for the average home in Canada, about $700,000. Article content Given the economic uncertainty, stirred largely by U.S. policy, affordability is unlikely to improve soon, it added. Article content

Globe and Mail
17 minutes ago
- Globe and Mail
Royal Ontario Museum CEO Josh Basseches to depart at end of 2025, no successor named
The Royal Ontario Museum's chief executive officer Josh Basseches will leave his post later this year after nearly a decade. Canada's most-visited museum is in the midst of a $130-million transformation billed as OpenROM. Launched under Basseches's watch, it's intended to reimagine much of the ROM's main floor, redesign its Bloor Street West entrance and add 6,000 square feet of new gallery space. Basseches announced his departure from the culture, natural-history and art museum Thursday morning. He will remain in the role until the end of 2025. The museum did not announce a successor, but in a press release, said that its board of trustees would immediately start searching for a replacement. 'With the museum well-positioned for its next chapter, this feels like the right moment for me to head towards new challenges and seize new opportunities,' Basseches said in the release. Postmedia CEO Andrew MacLeod, who was recently appointed as the ROM board of trustees' chair, said in a statement that the search for a new ROM chief would 'be informed and inspired by the impressive trajectory' Basseches set for the museum. Like many cultural institutions, the ROM has spent the past five years reckoning with an unpredictable economic environment: revenue-shattering pandemic lockdowns followed by surging inflation and interest rates. While the province of Ontario has provided 'stabilization' grants since Covid-19 first struck in 2020, its baseline operating grant for the museum has hovered around $27.3-million for more than a decade.