After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate.
A recent New York court filing shows all parties voluntarily agreed to dismiss the case in June and cover their own legal costs stemming from the matter.
Industry observers say bottlenecks and shipping delays stem from several choke points along the supply chain, including backed-up warehouses, staff shortages and rail capacity.
On a seasonally adjusted basis, the association says sales in July fell 5.3 per cent compared with June. The actual number of sales last month was 37,975, down 29 per cent compared with July last year.
One of the best-performing sectors during the pandemic, the technology sector is now facing a challenging time as a reversal in fortunes has companies tightening their belts.
Telus Corp. is trying to add a 1.5 per cent processing fee for customers who use a credit card after a class action settlement cleared the way for merchants to add the surcharge starting this fall.
Ontario's cannabis wholesaler is temporarily capping the number of products retailers can order and expanding its delivery window as it works through a backlog caused by a cyberattack on its logistics partner.