Weekly Address June 4th Edition

A big week for the addy community!
626 members received their return of capital and final payout from Trez Capital’s credit offering—the first-ever credit product. The offering was fully subscribed in no time, and it’s now officially wrapped up. In other news, the Bank of Canada held its key interest rate steady. Scroll down for the latest updates in business, real estate, and AI that every investor should have on their radar.

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🏦 Monetary Policy

Bank of Canada again holds key interest rate at 2.75%, as tariff negotiations ‘are highly uncertain’

“Governing Council decided to hold the policy rate as we gain more information on US trade policy and its impacts.” (Yahoo)

🏠 Real Estate News

“An Extraordinary Power Grab”: BC Pushes Ahead With Bills 15 & 13

The NDP government has passed controversial Bill 13 and Bill 15, which give the Province the power to fast-track land use and public sector and infrastructure decisions. (Storeys)

Colliers Lists Dundas West Development Site From TAS Under Receivership 

Just three months after the Ontario courts placed 3775-4005 Dundas Street West under receivership, the monitor has retained Colliers International to broker a sale of the site. The 1.28-acre property was being developed by real estate developer and asset manager TAS, which, early last year, opted to diversify its portfolio to include more urban industrial properties, citing more opportunity and less competition in that area. (Storeys)

Historically low arrears rates bucked by Saskatchewan

Canada’s mortgages in arrears rate is low compared to other advanced economies, the Canadian Bankers Association reported with the release of March mortgage data on May 30. (Western Investor)

🤖 AI

OpenAI to Buy AI Device Startup From Apple Veteran Jony Ive in $6.5 Billion Deal

OpenAI will acquire the AI device startup co-founded by Apple Inc. veteran Jony Ive in a nearly $6.5 billion all-stock deal, joining forces. (OpenAI)

🏙️ Politics

Rob Shaw: Carney sidesteps B.C. as Alberta, feds push for new West Coast pipeline
B.C.’s foot-dragging, fence-sitting position on new oil pipelines collided face-first with reality this week at a first ministers meeting in Saskatoon, where other premiers and the prime minister appeared to pretty much sidestep our province. (BIV)

🎧 Podcast

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