News of the day: Bank of Canada expectations, renting-out pays off, income tax rates, immigration system reset, Barton joins Invest in Canada and more

It’s Tuesday, Sept. 1. Here are the top stories we’re following today.

Bank of Canada expected to hold interest rates steady, but renewed trade war muddies economic outlook

Canadian economists largely expect the Bank of Canada to keep its overnight rate at 2.25 per cent for the rest of the year, but what policymakers might do in 2027 is less clear as the trade war muddies the country’s economic outlook.

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Alexis Levenson is part of a growing pool of homeowners using their extra space to pay off their mortgage. More than one-third of Canadians said they need to rent out part of their home to afford ownership, up from 25 per cent in 2021, according to a June report from Mortgage Professionals Canada.