News of the day: Toronto’s condopocalypse, Canadian dollar selloff, fired financial advisers, variable over fixed rates, bank regulations and more (opens original article in a new tab)

Toronto's condo market faces a long correction with significant losses, Canadian dollar risks falling below 70 cents US, and banking regulator eases capital requirements to boost lending.

• Toronto's condo market is experiencing a prolonged correction with significant financial losses for owners, investors, and developers
• Canadian dollar faces potential drop below 70 cents US due to increased demand for the US dollar and expectations of Fed rate hikes
• Canada's banking regulator reduced capital buffer requirements to encourage increased lending