This report does not constitute a rating action. BOSTON (S&P Global Ratings) Nov. 4, 2026--S&P Global Ratings today said the Bank of Canada’s increased policy rate extends existing macroeconomic pressures rather than introducing a new or incremental credit risk for Teranet Holdings L.P. Overall, while persistently elevated borrowing costs delay our anticipated recovery in Ontario housing activity, we expect Teranet’s revenue diversification and expense management will partially mitigate the prolonged weakness. The Bank raised its policy rate by 25 basis points to 2.50% on Oct. 28, 2026, its first increase since July 2023. The increase reflects persistent energy and import-cost pressures, which have raised the inflation outlook and the risk of broader price pressures. The Bank left the door open
