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One of Canada’s major banks is forecasting a steeper drop in home prices amid a “sudden surge” of supply in some real estate markets.

The Toronto Police Service says it is stepping up patrols “out of an abundance of caution” after an explosion at the Rainbow Bridge border crossing on Wednesday.

New York and Ontario were quickly closed as a precaution, and the Buffalo-Niagara International Airport began security checks on all cars and told passengers to expect additional screenings. The Niagara Frontier Transportation Authority posted on X, formerly Twitter, that all cars arriving at the Buffalo Airport would undergo security checks. The authority said travelers should also expect additional screenings.

Rainbow Bridge Wednesday.In Canada, Public Safety Minister Dominic LeBlanc said in a news conference that Canada is taking the situation “extremely seriously.”“The prime minister and I will receive further information in the coming moments,” he said, shortly before both he and Prime Minister Justin Trudeau left question period for a briefing.LeBlanc did not say whether he has been informed of any injuries or fatalities.There is no official confirmation at this time on the nature of the vehicle explosion.The Rainbow Bridge connecting Canada and the U.S. is currently shut down at Niagara Falls and the FBI says its Buffalo, N.Y., field office is investigating.#FBI Buffalo statement on investigation at the Rainbow Bridge: pic.twitter.com/jRaGLL8sU8— FBI Buffalo (@FBIBuffalo) November 22, 2023The U.S.-based NITTEC, made up of agencies in New York and southern Ontario and which provide real-time traffic updates and border crossing information to travelers, had confirmed the bridge closure in a social media post Wednesday afternoon, saying the bridge “is closed from Main St to Falls Ave in Niagara Falls because of a crash.”The closure was reported at 11:51 a.m., the traffic authority coalition said.

Canada's Member of Parliament Chandra Arya on Monday shared a video and alleged that Pro Khalistani supporters in Surrey expressed their intent to cause disturbances at the Hindu Laxmi Narayan Mandir. In a post on X, Indian-origin Arya, wrote, “Last week Khalistan supporters verbally abused a Sikh family outside a Sikh Gurdwara in Surrey BC according to some reports. Now it appears the same Khalistan group want to create trouble at the Hindu Laxmi Narayan Mandir in Surrey." He stressed all these are being done in the name of freedom of speech and expression.

If your parents are homeowners, you’re twice as likely to own a home as those without a generational stake in the housing market, according to a new Statistics Canada analysis on the impact of the “Bank of Mom and Dad.”

A line of people stretched outside the Multi-Educational Centre at Sagamok Anishnawbek First Nation, once known as the Spanish River Indian Reserve, on the north shore of Lake Huron between Sudbury and Sault Ste. Marie, Ont., on June 29.

The Texas State Securities Board has accused a network of companies under the "GS" brand and operating from Germany of fraudulent activities "tied to digital assets, investments in a staking pool in a proprietary metaverse." The network of companies is controlled by Josip Dortmund Heit.

Canada’s biggest housing markets saw a “sizable decline” in sales last month, according to the national real estate body, as would-be buyers and sellers alike increasingly put their plans on hold.

The rate of auto theft has risen to a record high in the past year, but drivers can lower their chances of falling victim depending on what kind of car they drive, one industry group says.

A new COVID-19 subvariant called HV.1 is gaining traction across Canada, but whether or not it is more contagious than past variants remains to be seen, according to health experts.

Looking back at the year the Bank of Canada started hiking interest rates, things looked pretty good.

Canadian companies are painting a stark picture of a consumer who’s pulling back on spending, as rising debt payments and inflation force households to change their behaviour.

Popular Canadian furniture store Bad Boy has filed a notice of intention (NOI) to make a proposal under the Bankruptcy and Insolvency Act to begin a restructuring process.

Justin Trudeau has reiterated his allegation that India violated the Vienna Convention after over 40 Canadian diplomats moved out amidst a diplomatic row between the two countries. Responding to a media query on Saturday, Trudeau said that Canada wants to «work constructively» with India on the «serious matter» of the killing of Khalistterrorist Hardeep Singh Nijjar on Canadian soil and said his country «will always stand up to the rule of law.» He said, «We have been very, very clear that we want to work constructively with India on this very serious matter. From the very beginning, we shared the real allegations that we are deeply, deeply concerned about.

Workers in Ontario might soon have a better sense of how much they’ll be paid for a role, but experts warn proposed legislation announced this week can have a series of knock-on effects that can both help and hinder employees and employers alike.

Japanese automaker, Toyota Motor Corp. (NYSE:TM) announced that they are recalling 1.9m RAV4 compact SUVs in the US due to a defect that could potentially lead to a fire.

Canada is on track to spend slightly more on health care in 2023 than last year, but overall trends show spending will continue to slow following the COVID-19 pandemic, a new report by the Canadian Institute for Health Information (CIHI) shows.

Royal Bank of Canada is seeking to settle Ontario Securities Commission allegations that the bank did not properly record or disclose costs related to internal development of software.

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Six Flags and Cedar Fair, two of the largest amusement park companies in the United States and Canada, are merging to combine forces in a transaction valued at $8 billion. The firms, collectively, have influence over 27 theme parks and 15 water parks in the United States of America, Canada, and Mexico. Both Six Flags and Cedar Fair are located in separate regions of North America; therefore, a unified firm could assist them in better managing seasonal attendance fluctuations at their theme parks. Cedar Fair also owns Knott's Berry Farm in Buena Park, California; Schlitterbahn water park in Texas; and Canada's Wonderland in Ontario, in addition to Cedar Point, which is located in Sandusky, Ohio and serves as the company's main amusement park.