News of the day: Bank of Canada holds rate, West Coast pipeline benefits, condo

News of the day: Bank of Canada holds rate, West Coast pipeline benefits, condo-market government buyout, Canadian chipmaker startup, RBC settles lawsuit and more

It's Wednesday, July 15. Here are the top stories we're following today.

Bank of Canada holds interest rate at 2.25% for sixth meeting in a row

The Bank of Canada on Wednesday held its key interest rate at 2.25 per cent for the sixth consecutive time despite uncertainty over trade relations with the United States and the ongoing conflict in the Middle East.

Who stands to benefit from Alberta's West Coast pipeline?

While pipeline proposals are a long game, industry watchers say Canadian companies could get a bump from participating in the estimated $35-billion to $43-billion buildout.

Your new government neighbour and how it might affect the value of your condo

You bought your high-rise condominium at the top of the real estate market, and now government-led forces are looking to fill the empty units around you with affordable housing for lower-income tenants. It sounds like your condo nightmare got even worse, but what if it helped?

Canadian startup that raised US$75 million wants to show chip companies can build in Canada

Many promising companies solving critical problems for advanced semiconductor technology have started up in Canada only to move to the United States or be bought by American companies, but Montreal startup Stathera Inc. wants to change that.

RBC agrees to pay $45 million to settle trailer fee class action

Two Royal Bank of Canada subsidiaries have agreed to pay $45 million to settle a lawsuit that alleges some mutual fund investors paid fees they should not have been charged.

Taxpayer double taxed here and abroad wins in court against CRA

A 'notable upgrade': economists weigh in on the Bank of Canada's outlook and latest rate decision