Banks are expecting a wave of mortgage defaults, as economists warn of the impact of credit crunch; rally marches on Ontario Science Centre on Sunday afternoon opposing closure and relocation; upcoming June inflation data could open door to 2nd Bank of Canada rate cut; and other news.

Banks are expecting a wave of mortgage defaults: Economists say a credit crunch could hurt us all (The Star)

Rally marches on Ontario Science Centre (CityNews)

Upcoming June inflation data could open door to 2nd Bank of Canada rate cut (Global News)

A 'hopeless' feeling: Struggling seniors face sky-high rents and few, if any, options (CBC)

‘We’re all drowning’: Inside the chaos of Toronto’s vacant home tax rollout (Global News)

Replacement buses won’t be stopping at Spadina Station for the next week (The Star)

Olivia Chow says Ontario is obligated to preserve Science Centre, Ontario Premier says it’s up to Toronto (The Globe and Mail)

Somali community centre plan in Etobicoke park facing uncertainty (The Star)