BNN Bloomberg sets up the week ahead with what investors need to know.
“The housing market has nine lives. Every time it’s supposed to slow down, something bad happens elsewhere that keeps interest rates low and the party’s still going,” Benjamin Tal, deputy chief economist of CIBC Capital Markets, told BNN Bloomberg.
President Donald Trump said the U.S. imposed sanctions on Iran’s central bank in retaliation for last weekend’s attacks on Saudi Arabia’s key oil facilities.
Research by staff at the Bank of Canada suggests Canadian homeowners who accessed their home equity through a loan or refinancing helped fuel household spending in recent years.
The New York Fed injected another US$75 billion through an overnight repo operation. That followed operations of the same size on Wednesday and Thursday, and US$53.2 billion on Tuesday.
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