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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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Cenovus Energy Inc. chief executive Jon McKenzie speaks at the Global Energy Show at the BMO Centre in Calgary on June 9, 2026.McKenzie said Oct. 5, 2026, that the deal for Athabasca "is a natural extension of our oilsands strategy." (Credit: Gavin Young/Postmedia files)

It's Monday, Oct. 5. Here are the top stories we're following today.

Cenovus, Suncor double down on oilsands in fresh burst of dealmaking

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.

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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.
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.

The private-public development deals reshaping Canada's student housing

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.

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Investors would be wise to pay attention to what markets may be signalling.
Investors would be wise to pay attention to what markets may be signalling.

One of the most dangerous signals in investing is when market indexes tell a very different story from the underlying data, writes Martin Pelletier.

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From Brian Mulroney's government on, political and business leaders have warned that flagging productivity would erode growth, wages and living standards.
From Brian Mulroney’s government on, political and business leaders have warned that flagging productivity would erode growth, wages and living standards.

Here's what is needed to improve Canadians' standard of living and productivity

Canadian politicians have echoed calls for "elbows up" against threats from abroad. We need that same resolve at home, writes Armine Yalnizyan.

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A cyclist passing in front of Bank of Canada building in Ottawa on Sept. 30, 2026.
A cyclist passing in front of Bank of Canada building in Ottawa on Sept. 30, 2026.

Bond markets are demanding 'credibility' and could force the Bank of Canada to hike rates this year, says KPMG

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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