Two cats are living large at a $1,500-a-month studio apartment their owner rents for them in Silicon Valley, where a housing shortage has sent rents skyrocketing.
Vancouver’s housing market is looking more fragile than Toronto a year after policy makers tightened mortgage lending to slow a boom.
There’s a whole mess of moving parts this morning that may make it a Herculean task to boil into a single trend: Further China stimulus measures, another Brexit vote, a twist in the government shutdown saga, @AOC likely joining a House committee to oversee Wall Street, a huge merger in the payments space (Fiserv buying First Data in $22 billion all-stock deal), more turnover at Snap (shares tumbling 11%), and another dump of earnings results in the financials space.
Grocery stores are helping make Canada’s Crombie Real Estate Investment Trust “internet-resistant,” its chief executive officer said.
Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your Wednesday started:
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