AGP Executive Report
Last update: 2 hours agoRates & Housing Demand: The Bank of Canada held its policy rate at 2.25% for a sixth straight meeting, while cutting its 2026 growth forecast to 0.7% and warning inflation could get stuck if energy prices stay high. Home Sales Watch: CREA data shows Canadian home sales rising for a third month as prices stabilize, but the agency continues to trim its resale outlook. Indigenous Equity in Energy Infrastructure: LNG Canada struck an equity option deal that could let nearby First Nations invest up to $1B for majority ownership of Phase 2 storage-tank infrastructure, with a Phase 2 final investment decision targeted for end-2026. First Nations Push Back on Fast-Tracking: Chiefs at the AFN say they’ll oppose federal/provincial moves to expedite major projects if they dilute rights or environmental protections. Commercial Real Estate Finance: GO Residential REIT closed its acquisition of 409 Eastern Parkway (Brooklyn) and declared a July cash distribution; Allied Properties REIT also announced its July distribution. Data-Centre Power & Grid Stress: A report highlights how grid batteries are improving, but heat can shorten battery life—an issue as Canada and others ramp up power needs for AI and data centres. Retail Net-Lease Niche: Canadian Net REIT says it’s growing by buying single-tenant necessity retail in secondary and tertiary markets, now owning 98 properties across Quebec, Ontario, Nova Scotia and New Brunswick.
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