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GTA & Vancouver Home Sales Fell Again in August — What RBC's "Recovery" Call Actually Means for You

  September 6, 2026  •  Canadian Money Brief Fresh numbers out this week from the Toronto Regional Real Estate Board (TRREB) and Greater Vancouver Realtors (GVR) confirm what a lot of GTA and Metro Vancouver households already feel in their bones: the country's two biggest, most expensive housing markets are still shrinking on paper, even as the Bank of Canada holds rates and the trade war eats into everyone's confidence. At the same time, RBC Economics dropped a report calling this a market that's "finally taking steps" toward recovery. Those two things sound contradictory. They're not — but the gap between them is exactly where you need to be paying attention, whether you're a first-time buyer, a seller sitting on a listing, or a landlord watching your renewal math. What It Means for You: Prices are still down year-over-year in both cities, but the underlying supply picture — fewer new listings, tighter inventory — is the thing actually shifting. That...
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Market Cools as Tariff Tensions and Rate Uncertainty Weigh on Futures

 

U.S. stock futures edged lower Wednesday morning, with the S&P 500 and Nasdaq slipping as investors reacted to renewed tariff tensions and fading hopes for aggressive rate cuts from the Federal Reserve.

Semiconductor stocks led the decline after ASML warned that U.S. tariff uncertainty could hinder growth in 2026, dragging down shares of Applied Materials, Lam Research, and KLA Corp by nearly 3%. Financials also came into focus, with earnings from Goldman Sachs, Morgan Stanley, and Bank of America on deck, following cautious commentary from JPMorgan and Citigroup regarding trade policy.

Tuesday’s inflation report added fuel to the fire, showing price pressures linked to President Trump’s tariff strategy. Traders now see just 43 basis points of Fed easing by year-end, with a July rate cut off the table and September looking uncertain.

Adding to the unease, Trump announced a 19% tariff on Indonesian goods, part of a flurry of deals ahead of an August 1 deadline for broader hikes. The European Union, meanwhile, is preparing retaliatory measures if talks with Washington stall.

Despite the turbulence, the Nasdaq closed at a record high on Tuesday, buoyed by Nvidia’s announcement to resume sales of its H20 AI chips to China. However, the stock dipped slightly in premarket trading.

Investors now await producer price data for further clues on inflation trends, while keeping a close eye on geopolitical developments that could reshape global trade dynamics.

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