Weekly Address October 29th Edition

addy | BoC Rate Drop, AI & Recent News

A roundup of the latest real estate, business, and political news shaping Canada’s economy—and what it means for real estate investors.

 

Hey there 👋

The Bank of Canada announced another rate cut this morning, signaling continued efforts to ease borrowing costs and support a slowing economy. Meanwhile, headlines across business and real estate this week are painting a complex picture – from shifting housing trends to layoffs tied to the rise of artificial intelligence. Speaking of AI, this week’s poll asks how much you’re using it in your day-to-day life – whether you’re testing the basics or diving deeper into new tools. And as always, you can log in to your account to see what’s new on the platform and explore opportunities from different exempt market dealers.

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❤️ The addy Team

 

Your quick dose of what’s moving markets and mortgages! Below you’ll find the latest real estate and business news shaping the landscape for Canadian investors.

 

Real Estate News

 

Tensions flare at Richmond meeting over Cowichan title decision

Several speakers blasted Mayor Malcolm Brodie and city officials for not notifying landowners of the case as it was unfolding over the years

vancouversun.com/news/richmond-meeting-cowichan-title-decision-tensions-flare

 

 

 

Rob Shaw: Behind closed doors, BC NDP sounds a lot different on Aboriginal title

Government willing to make arguments in private meetings about Cowichan Nation ruling that elected officials are unwilling to say out loud

www.biv.com/news/commentary/rob-shaw-behind-closed-doors-bc-ndp-sounds-a-lot-different-on-aboriginal-title-11413668

 

 

 

Construction material costs in B.C. rising faster than inflation, says industry group

Interest rate cut by Bank of Canada could stimulate investment, according to BCCA

www.westerninvestor.com/real-estate/construction-material-costs-in-bc-rising-faster-than-inflation-says-industry-group-11410779

 

 

 

Saskatchewan leads the West in farmland value growth

Demand for grains sustain the province’s long-term gains

www.westerninvestor.com/british-columbia/saskatchewan-leads-the-west-in-farmland-value-growth-11391232

 

 

 

Nelson: Rolling back Calgary’s rezoning nightmare is new council’s litmus test

Calgarians have finally seen the back of the Jyoti Gondek-led council. But citizens shouldn’t rejoice yet. The new lot could be as bad.

calgaryherald.com/opinion/columnists/nelson-rolling-back-calgarys-rezoning-nightmare-is-new-councils-litmus-test

 

 

 

Recent Pods

 

YouTube video by The Best One Yet

Wikipedia’s Biggest Plot Twist

 
 

YouTube video by Angry Mortgage Podcast

🚨 25 BPS CUT! 🚨

Heads up: This pod tends to use strong language.

Business News

 

U.S. trade and tariffs loom large over Bank of Canada’s decision to cut rates again

The Bank of Canada has cut rates for the second consecutive time bringing the overnight rate to 2.25 per cent.

www.ctvnews.ca/business/article/us-trade-and-tariffs-loom-large-over-bank-of-canadas-decision-to-cut-rates-again

 

 

 

YouTube video by Bank of Canada - Banque du Canada

Interest rate announcement & release of the Monetary Policy Report / Annonce du taux directeur & RPM

 

Canada Post says layoffs aim to ‘align our management team’ amid overhaul – National | Globalnews.ca

The company said the changes ‘will align with the government’s expectation that leadership and structural change from within the Corporation is essential.’

globalnews.ca/news/11498257/canada-post-cuts-service-managers-cupw-mps

 

 

 

TSX fall after BoC signals at easing pause; Fed rate decision awaited

Canada’s main stock index fell on Wednesday as investors digested the Bank of Canada’s cautious tone, even as the central bank delivered its second consecutive interest rate reduction.

www.reuters.com/business/tsx-futures-steady-boc-fed-rate-decisions-awaited-2025-10-29

 

 

 

Optimism remains for energy sector despite recent layoffs in Calgary

More than 204,000 Canadians are working in the energy industry right now—the majority here in Alberta.

www.ctvnews.ca/calgary/article/optimism-remains-for-energy-sector-despite-recent-layoffs-in-calgary

 

 

 

Wednesday Poll

Artificial intelligence continues to dominate the headlines — from major layoffs and hiring freezes at tech and media companies to reports of AI reshaping how work gets done across industries. Whether it’s helping boost productivity or raising new challenges, there’s no denying its growing impact on the workforce. This week, we’re curious — are you personally using AI tools in your day-to-day life?

Are you using AI tools in your day-to-day life?

 

Last Sunday’s Poll Results

Last Sunday’s poll was about the Canadian economy and your thoughts heading into 2026. Overall, 53.85% of you voted – Pessimistic — inflation, debt, and global risks are weighing us down with Cautiously hopeful in second place.

 

Upcoming Dates

📅 Oct 30th – The Survey of Employment, Payrolls and Hours (SEPH) / job vacancy data are also released; for example, August SEPH and job vacancy data will be updated October 30, 2025. In the most recent data, Canada lost 66,000 jobs in August, and unemployment rose to 7.1 %.
📅 Dec 10th – The Bank of Canada’s Interest Rate Announcement (Bank of Canada)

 

How to Fund Your Card

Slight changes have been made to how your wallet and cards work. Now that we’ve introduced third-party Exempt Market Dealers on the platform, members can fund their cards directly within the investment flow in the dealer’s zone. To add funds for an investment, simply open the app, choose a third-party party exempt market dealer, choose the property you’re interested in, click Invest, and follow the steps. One of the steps will prompt you to add funds to your card—once complete, your balance will update automatically and you can finish your investment. This update streamlines the process so everything happens smoothly within the investment experience.

As always, if you have any questions about a specific investment, please reach out directly to the third-party Exempt Market Dealer to speak with a Dealing Representative.

Weekly Address Supported by Hello Ledgers

Your Family’s Financial Co-Pilot

Finally — a simple way for families to understand where their money goes. Details

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