Toronto's unsold condo rate has reached ‘an incredible level': expert
Ron Butler, principal broker of Butler Mortgage, shares his outlook on Canadian housing market, with a focus on what's happening to Toronto's condo market.
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Toronto Star
20 minutes ago
- Toronto Star
Will Carney compromise on this emissions cap? + A grieving mother demands answers
Good morning. This is the Friday, June 6 edition of First Up, the Star's daily morning digest. Sign up to get it earlier each day, in your inbox. Are you planning to drive in the city this weekend? The roads will be buzzing with everything from grilled cheese battles to bridge repairs. These are the road and highway closures to watch out for. Here's the latest on a potential climate compromise from Mark Carney, Ontario's homebuyer protection agency suing a developer, and a Toronto mom demanding answers after her son fell to his death from their balcony. ARTICLE CONTINUES BELOW DON'T MISS Insiders say Mark Carney could compromise on a Trudeau-era emissions cap Carney's government might weaken or cancel the incoming oil and gas emissions cap. Here's why. Andrew Phillips: Mark Carney is proving to be very popular — with conservatives. Donald Trump's tariffs on Canada are likely here to stay, U.S. ambassador insists Tarion is suing an Ontario developer to recoup losses to homebuyers In two separate lawsuits, Ontario's homebuyer protection agency is seeking at least $87 million in damages. Ontario developer charged for 'illegal sale' of hundreds of pre-construction homes City staff recommend allowing sixplexes across all Toronto neighbourhoods A grieving mom is seeking answers after her son fell from their balcony The seven-year-old slipped from a balcony that was under construction with no rails or barriers. 'A cheerful student with a kind heart': Six-year-old boy dies after falling from balcony at North York highrise, as neighbour recounts mother's cries Six-year-old boy critically injured after falling from window of 10th-floor apartment in Toronto WHAT ELSE New TTC CEO Mandeep Lali, prior to being announced as the next CEO in charge of the TTC, in Scarborough, June 5, 2025. Andrew Francis Wallace Toronto Star Edward Keenan: Will Mandeep Lali's experience be enough to get Toronto's transit back on track? A Southwestern Ontario infant born prematurely with measles has died. Here's what we know. Canada introduced proposed citizenship by descent legislation yesterday. Here's how it would work. In their own voices: What my village in India taught me about Canada's immigration debate. Canadian public opinion of the U.S. hits a new low after Donald Trump's election. The president and Elon Musk are going through a messy public breakup. Take a look. Rogers Stadium is 'on track' to open this month. See the progress so far. Here are the five movies our critic is most excited about this month. Stratford Festival 2025: What shows to see — and skip — this season. Rick Salutin: The weird, wondrous and extremely painful world of Larry Zolf. NBA Draft: Here's why Frenchman Noa Essengue makes a whole lot of sense for Toronto. Tyrese Haliburton's buzzer-beater stunned SGA and Oklahoma City in Game 1 of the NBA Finals. POV These four leaders took Toronto through COVID-19. You think you know their stories. You have no idea. CLOSE UP First Nation dancer River Christie-White performs a hoop dance, accompanied by the Eagle Heart Drum group, in the grand hall of the AHT, celebrating its grand opening. Anishnawbe Health Toronto celebrates the grand opening of its health centre, with remarks by dignitaries and performances by Indigenous artists. Michelle Mengsu Chang Toronto Star CHERRY STREET: River Christie-White performs a hoop dance, accompanied by the Eagle Heart Drum group, in the grand hall of Anishnawbe Health Toronto's new Indigenous Health Centre. Traditional practices and western medicine will be blended at the new centre. Here's how it all came to be. Thank you for reading. You can reach me and the First Up team at firstup@ I will see you back here tomorrow. Sign up here to get this newsletter in your inbox.
Cision Canada
24 minutes ago
- Cision Canada
METALLIS INCREASES NON-BROKERED PRIVATE PLACEMENT TO $1.7 MILLION
VANCOUVER, BC, June 6, 2025 /CNW/ - Metallis Resources Inc. (TSXV: MTS) (OTCQB: MTLFF) (the "Company" or "Metallis") announces that due to high demand, it has upsized the offering of its non-brokered placement (the "Financing") first announced on May 22, 2025, from 8,437,500 units to 10,625,000 units, raising the potential gross proceeds from $1,350,000 to $1,700,000. The Financing will consist of up to 10.625 million units at a price of $0.16 per unit. Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.26 per share for a 3-year period. The offering is expected to close next week. Shares issued on closing will be subject to a trading hold period expiring four months plus one day from the date of issuance. Closing of the private placement is subject to receipt of all necessary regulatory approvals and final acceptance by the TSXV. The proceeds from the Financing will be used for field exploration work at the Company's Kirkham and Greyhound Properties and for general corporate purposes. About Metallis Metallis Resources Inc. is a Vancouver-based company focused on the exploration for gold, copper and silver on its flagship 100%-owned Kirkham Property in Canada, situated in northwest British Columbia's Golden Triangle, and on its recently acquired Greyhound Property, a gold/silver/antimony target in Idaho, USA. Metallis trades under the symbols MTS on the TSX Venture Exchange, MTLFF on the OTCQB Exchange, and 0CVM on the Frankfurt Stock Exchange and currently has 75,305,003 common shares issued and outstanding. On behalf of the Board of Directors: /s/ "Fiore Aliperti" Chief Executive Officer, President, and Director CAUTION REGARDING FORWARD-LOOKING STATEMENTS This Press Release may contain statements which constitute 'forward-looking' statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements because of numerous factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities' regulatory authorities, including quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated, or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX-V Stock Exchange has neither approved nor disapproved the contents of this news release.
Toronto Star
38 minutes ago
- Toronto Star
‘Elbows up': Canadian public opinion of the U.S. hits a new low after Donald Trump's election
Canadian public sentiment towards the United States has plummeted to new depths, a new report suggests, revealing how decades of Canadian goodwill toward its southern neighbour have reversed mere months after President Donald Trump took office. Contributors Opinion Trump's tariffs have launched a rare moment of Canadian consensus. We shouldn't waste it Trump's trade war has created a national crisis for Canada. We need a leader who can seize the moment. Contributors Opinion Trump's tariffs have launched a rare moment of Canadian consensus. We shouldn't waste it Trump's trade war has created a national crisis for Canada. We need a leader who can seize the moment. The survey, conducted by the Environics Institute for Survey Research, also found the vast majority of respondents were strongly opposed to Canada becoming the 51st state. 'It's really the worst collective opinions of the U.S. that we have recorded' in the more than 40 years the institute has been keeping track, said Keith Neuman, a senior associate at the Environics Institute for Survey Research. 'By more than a two-to-one margin, Canadians' opinions are negative rather than positive.' ARTICLE CONTINUES BELOW It's the result of what some experts call a 'visceral reaction' toward Trump's tariffs and annexation threats. 'The unfavourable feelings are much stronger this time, and much more intense,' said Adam Chapnick, a Canadian foreign policy analyst and professor of defence studies at the Royal Military College of Canada. 'It's being reflected in Canadians not travelling to the United States, not purchasing products that are made in the United States and becoming more serious about making hard decisions domestically to improve our productivity and competitiveness in the world.' Canadian public perception of the U.S. hits new low The survey, conducted in mid-May, found 65 per cent of respondents held an 'unfavourable' opinion of the U.S., while just 29 per cent had a 'favourable' opinion. That's a dramatic shift from last fall, when public sentiment toward the U.S. was divided roughly 50-50. The closest Canadians have come to a similar unfavourability rating was in 2020, during the tail end of Trump's first administration. At the time, 63 per cent of Canadians felt unfavourable to the U.S. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW 'In Trump's first term, it took several years for Canadian public opinion to deteriorate to the same point,' Neuman noted. 'The impact on Canadian public opinion has been much quicker this time ... there's not only the history, but he's been much more aggressive and assertive with policies much quicker this time around.' A majority of Conservative voters — 57 per cent — still viewed the U.S. favourably, down six points from last fall. In contrast, more than 80 per cent of Liberal, Bloc Quebecois and NDP voters had an unfavourable opinion of the States. Overall, 78 per cent of Canadians disapproved of Trump's handling of the U.S. presidency, a figure that matched 2018. Trump was most popular among Conservative voters, 30 per cent of whom approved of his performance. Canadians can still recover their positive relationship with the States 'if we can turn things around in a reasonable period of time,' Chapnick said, referencing Trump's tariffs and threats against Canadian sovereignty. 'I think that the long-term positive relationship is quite resilient,' he said. 'Geography makes us more resilient. Family ties add to that. I think that, should things get back to some sort of new normal, there should be an ability for us to bounce back to a reasonable degree.' Large majority of Canadians strongly against becoming the 51st state Canadians have taken an 'elbows up' response to Trump's threats against Canadian sovereignty, Neuman said. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Eighty-three per cent of respondents said they 'strongly disagree' that Canada and the U.S. should unite into one country, while just seven per cent said a merger should happen. Canada Canada has long faced calls to join the U.S.: A short history of saying nope to the American dream Donald Trump joked that Canada could become America's 51st state. But for much of Canadian history, the sentiment has been no laughing matter. Canada Canada has long faced calls to join the U.S.: A short history of saying nope to the American dream Donald Trump joked that Canada could become America's 51st state. But for much of Canadian history, the sentiment has been no laughing matter. That's a stronger sentiment than when the Canada-US Free Trade Agreement (CUSFTA) — the precursor to the North American Free Trade Agreement (NAFTA) — was negotiated in 1986, stoking fears of an economic and cultural merger between the two nations. Back then, just 63 per cent of Canadians were strongly against Canada and the U.S. uniting. Shortly after the CUSFTA was implemented in the late-1980s, an Environics poll found 30 per cent of Canadians felt it was 'very likely' that Canada will remain independent from the U.S. over the next decade. Today, that figure has jumped to 70 per cent. 'That, in some ways, is maybe the most surprising or notable finding,' Neuman said. 'It's not evident that we should be seeing that strong a level of confidence right now, given the uncertainty with tariffs and the uncertainty about Trump ... We have not been threatened as a country like this since before we became a country.' But Chapnick wasn't surprised, noting that Canadians grew more confident in their nation's sovereignty after worries of annexation during CUSFTA negotiations didn't come to pass. Canadians changing plans to visit the U.S. According to Chapnick, Canadians' plummeting support of the States will have little significance on the 'strategic level.' The real impact will be felt by our pocketbooks, in our trade relations and tourism, he said. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW The Environics poll found 35 per cent of respondents have already changed plans to visit the U.S. this year — more than double those who made the same decision during Trump's first term in 2017. Thirty-two per cent say they'll carry on with their U.S. trips, seven per cent are thinking of changing plans and 24 per cent said they never had any plans for a U.S. visit. The results reflect that trips from Canada to the States have cratered as polls show more than half of Canadians believe it's no longer safe for all Canadians to travel to the U.S. Federal Politics Canada's domestic tourism industry could net billions due to U.S. trade war: report OTTAWA - Canada's tourism industry might be in for a boost as Canadians boycott the United States and spend their travel dollars closer to hom… Federal Politics Canada's domestic tourism industry could net billions due to U.S. trade war: report OTTAWA - Canada's tourism industry might be in for a boost as Canadians boycott the United States and spend their travel dollars closer to hom… 'There's an economic impact for certain,' Chapnick said. 'But I'm not convinced yet that individual Canadians dislike individual Americans any more than they would have before.' The Environics Institute for Survey Research conducted telephone interviews with a representative sample of 2,000 Canadians between May 5 and 18, 2025. A sample of this size produces results accurate within plus or minus 2.2 percentage points in 19 out of 20 samples.
