Nojoud Al Mallees, The Canadian Press

Canada's homeownership rate is on the decline, with young adults in particular less likely to own a home in 2021 than they were a decade earlier, says Statistics Canada.

According to the latest census release, 66.5 per cent of Canadians owned a home in 2021, down from a peak of 69 per cent in 2011.

Housing prices have climbed considerably in recent years compared with Canadians' incomes. Statistics Canada says while the median household income grew by 18 per cent between 2016 and 2021, the average value of an owner-occupied home rose by 39.6 per cent. 

Inflation in Canada finally appears to have peaked, but it nonetheless remains too high to dissuade the Bank of Canada from raising interest rates significantly in September, economists say. 

The year-over-year inflation rate slowed to 7.6 per cent in July, Statistics Canada reported Tuesday, with the deceleration largely driven by a decline in gas prices even as prices for food, rent and travel continued to rise.

The House of Commons transport committee is launching an investigation into airport delays and flight cancellations.

The committee met virtually on Monday and voted unanimously to move forward with a study into the delays.

The committee will invite Transport Minister Omar Alghabra to testify and will hold its first hearing by the end of next week. 

Airlines and airports have been grappling with a surge in travel this summer, compounded by staffing shortages affecting both carriers and federal agencies.

Canada’s industry minister has directed the country’s major telecom companies to reach agreements on emergency roaming, assisting each other during outages and a communication protocol to better inform Canadians during emergencies.

François-Philippe Champagne also said that Canada’s broadcast regulator, the Canadian Radio-television and Telecommunications Commission, will investigate the recent massive Rogers Communications outage.