News

Bank of Canada holds steady with their interest rate, while the loonie rises

On Wednesday the Bank of Canada opted to keep their benchmark interest rate at 1.25%. The rate has been holding steading since min-January, however the bank did hint at a potential raise in July.

"No surprise here," TD senior economist Brian DePratto said in a commentary. "With the economy set to outperform the bank's earlier expectations … and signs of life in all sectors bar housing, economic conditions favour another interest rate hike.”

New downtown plan aims to keep the core of Toronto lit

With the prospect of more high-rise buildings one the, well, rise, many are concerned about the affect they will have on the amount of sunlight that is shed on the downtown core. Among them is 66-year old George Traini. Traini has lived just north of the Art Gallery of Ontario for four decades and enjoys exploring the area during sunny afternoons. The idea of high-rises coming in and disrupting the natural sunlight in the area worries him greatly.

"Morning sun is sunlight, Vitamin D, it makes for a healthy lifestyle," he said. "No one wants to live in constant darkness."