Young families are being driven from Ontario’s biggest cities, with misguided policies and conversions to rental units limiting the supply of affordable homes with three bedrooms or more, according to the University of Ottawa’s Missing Middle Initiative.

Canada’s annual inflation rate remained flat at 1.7 per cent in May, according to the latest data from Statistics Canada released. Economists say Bank of Canada (BoC) policymakers will likely need to see more convincing data to justify a rate cut on July 30.

Developing the infrastructure necessary to make Canada’s economy less dependent on trade with the U.S. “will not be easy, fast, or cheap,” and will require refocusing investment priorities.

Recent developments in global trade have placed significant pressure on Canadian markets, as newly imposed U.S. tariffs and retaliatory measures from Canada reshape the economic landscape.