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Mark Carney: The Economist Who Took on Trump and Won

  Mark Carney, a former central banker, has emerged as Canada’s prime minister following a dramatic election that reshaped the political landscape. His victory was fueled by a surge of nationalism in response to U.S. President Donald Trump’s aggressive rhetoric and trade policies. Trump’s threats to annex Canada as the “51st state” and impose steep tariffs on Canadian goods galvanized voters, turning Carney’s Liberal Party from underdogs to champions of Canadian sovereignty. Carney’s campaign centered on defending Canada’s independence and rebuilding its economy to reduce reliance on the United States. His experience as governor of the Bank of Canada and the Bank of England lent credibility to his promises of economic resilience. In his victory speech, Carney declared, “President Trump is trying to break us so that America can own us. That will never, ever happen”. The election results marked a stunning comeback for the Liberals, who were initially projected to lose to the oppositi...
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Ontario Caps Rent Increases Below Inflation Rate for 2025

Ontario has announced that the annual rent increase guideline for 2025 will be capped at 2.5 per cent. This rate is currently the lowest in the country and falls below the average inflation rate of 3.1 per cent. The guideline ensures that landlords cannot increase rent beyond this limit without approval from the Landlord and Tenant Board.

Under the Residential Tenancies Act, the cap is set at 2.5 per cent to protect tenants from rising interest rates that could lead to higher rent. Without this cap, the recent inflation rate would have resulted in a 3.1 per cent increase in 2025. It’s important to note that rent increases are not automatic; landlords must provide tenants with at least 90 days’ written notice using the correct form. If tenants believe they’ve received an improper rent increase, they can request a correction from the Landlord and Tenant Board.

Over the last three years, Ontario has seen significant housing starts and rental housing development, making this move a crucial step in maintaining affordability for tenants. 


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