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Morning Update: The condo market has cratered

Good morning. Canada built a boatload of new condos that nobody wants to buy now – more on that below, along with Mark Carney’s hopes for a deal on softwood lumber and Genie Bouchard’s last tennis match. But first:

Today’s headlines

© Sammy Kogan

Toronto's preconstruction condo market is in rough shape.

Morning Update: Weak spots in Canada’s Strong Borders Act

Good morning. Privacy experts, refugee groups and legal scholars are all sounding the alarm about the Strong Borders Act – more on that below, along with the 2025 Emmy nominations and the uproar over the Epstein files. But first:

Today’s headlines

© DARRYL DYCK

Motorists wait at U.S. Customs and Border Protection inspection booths at the Peace Arch border crossing in Blaine, Wash., across the Canada-U.S. border from Surrey, B.C., on Monday, November 8, 2021. The U.S. Department of Justice says four Mexican nationals have been charged with allegedly running an international human smuggling organization across the Canadian border. THE CANADIAN PRESS/Darryl Dyck

Morning Update: Trump softens on Ukraine

Good morning. Vladimir Putin ticks off Donald Trump and Ukraine gets some of the weapons it needs – more on that below, along with the latest on Canada’s wildfires and early ticket pricing on next year’s World Cup. But first:

Today’s headlines

© Evan Vucci

President Donald Trump, right, meets with NATO Secretary General Mark Rutte in the Oval Office of the White House, Monday, July 14, 2025, in Washington. (AP Photo/Evan Vucci)

Morning Update: Canada’s back-to-the-office push hits a wall

Good morning. Companies can’t seem to get the face time they want from their workers – more on that below, along with Donald Trump’s latest tariff threat and the generic Ozempic coming to Canada. But first:

Today’s headlines

© Cole Burston

It's quiet downtown.

Morning Update: Another Trump cabinet deepfake

Good morning. Scammers keep using AI to pass themselves off as top White House officials – more on that below, along with the latest tariffs on Canadian exports and the rules of a good prenup. But first:

Today’s headlines

© Andrew Harnik

Attorney General Pam Bondi, Secretary of State Marco Rubio and President Donald Trump at a cabinet meeting yesterday.

Morning Update: The wait for a ceasefire in Gaza

Good morning. Benjamin Netanyahu is in D.C. and Donald Trump is keen for a Gaza peace deal – more on that below, along with the latest on the Texas floods and a new pipeline partnership. But first:

Today’s headlines

© Oded Balilty

A rally outside the White House yesterday urging a ceasefire and hostage release in Gaza.

Morning Update: Lululemon has had enough of dupe culture

Good morning. A $13 half-zip Costco sweatshirt is at the centre of a 49-page lawsuit from Lululemon – more on that below, along with the Sean (Diddy) Combs verdict and the Dalai Lama’s succession plan. But first:

Today’s headlines

Morning Update: Instalment plans for tiny purchases

Good morning. Buy-now-pay-later loans are creeping into daily life and, for now, hiding from credit checks – more on that below, along with Jasper’s graduating class of 2025 and a Canadian teen’s upset Wimbledon win. But first:

Today’s headlines

© Eduardo Munoz Alvarez

Walmart lets customers pay later with Klarna.

Morning Update: NATO’s big spending pledge has a catch

Good morning. NATO handed Donald Trump a headline-friendly victory with a one-page pledge – more on that below, along with Ottawa’s $1-billion loan to buy Chinese ferries and Rob Carrick’s parting financial advice. But first:

Today’s headlines

© Sean Kilpatrick

Canadian Prime Minister Mark Carney, middle, takes part in a meeting of the North Atlantic Council during the NATO Summit in The Hague, Netherlands on Wednesday, June 25, 2025. THE CANADIAN PRESS/Sean Kilpatrick

Morning Update: How high humidity became Canada’s normal

Good morning. Record-breaking heat is dominating life for millions of Canadians – more on that below, along with the limited damage to Iran’s nuclear program and BlackBerry’s rebirth. But first:

Today’s headlines

© Christinne Muschi

Trying to keep cool in a Montreal park this week.
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