AGP Executive Report
Last update: 7 hours agoCanadian housing & real estate: Metro Vancouver home sales fell 8.4% year over year in September, with weakness concentrated in apartments. Toronto condo development: North Drive joins Westdale, Cameron Stephens and Originate on 8 Rosehill, a 52-storey, 115-unit luxury condo near Yonge and St. Clair, aiming at upmarket buyers as the conventional condo market stays soft. Banking & consumer finance: RCMP in Nova Scotia warn of a new “gold for safekeeping” scam where fraudsters pose as bank staff and police to trick victims into buying gold and handing it over. Public finance oversight: Ontario Liberals ask the auditor general to investigate OSAP spending at private career colleges after reporting showed rapid growth concentrated among a small group. Energy & capital markets: Cenovus agreed to buy Athabasca Oil in a $5.7B deal, betting on policy shifts to grow oilsands output; Algoma Steel flagged a third-quarter loss tied to earlier power outages while preparing to restart a second electric arc furnace. Tech & payments: TELUS and AST SpaceMobile completed initial satellite-to-smartphone integration testing on TELUS networks, targeting coverage gaps across Canada. Charity finance debate: A fresh push for a more nuanced conversation on donor-advised funds (DAFs) highlights Canada’s rapid DAF growth and the sector’s concerns about impact.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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