News of the day: Cenovus and Suncor deals, student housing developments, hidden market warnings, better living standards, bond markets and more

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Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account or Two of Canada’s biggest oilsands producers tightened their grip on northern Alberta in back-to-back announcements, with Cenovus Energy Inc. agreeing to buy Athabasca Oil Corp. and Suncor Energy Inc. selling a group of East Coast offshore assets. People walk through the University of Toronto campus. U of T, like a growing number of Canadian post-secondary schools, is grappling with a housing shortage.

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We encountered an issue signing you up. Please try again With a traditional cost of roughly $300,000 per bed, the University of Toronto’s plan to build as many as 5,500 new student residence spaces by 2036 is an expensive proposition. Investors would be wise to pay attention to what markets may be signalling.

Photo by Michael Nagle/Bloomberg via Getty Images One of the most dangerous signals in investing is when market indexes tell a very different story from the underlying data, writes Martin Pelletier. From Brian Mulroney’s government on, political and business leaders have warned that flagging productivity would erode growth, wages and living standards. Photo by TONY CALDWELL,/Postmedia Canadian politicians have echoed calls for “elbows up” against threats from abroad.

We need that same resolve at home, writes Armine Yalnizyan. A cyclist passing in front of Bank of Canada building in Ottawa on Sept. 30, 2026. Photo by HYUNGCHEOL PARK/Postmedia files The Bank of Canada is going to have to “feed the beast” that is the bond market with one rate hike before the year is out, says KPMG Canada.

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Source: Financial Post