-- Chinese property stocks are on track for a 14-year low, as stress in the sector continues to rise amid slumping home sales and deepening debt woes for major developers.A Bloomberg Intelligence gauge of developer shares fell as much as 1% Wednesday, heading for its lowest closing since 2009. Times China Holdings Ltd. and China Evergrande Group led the declines.
Country Garden, which is at the center of China’s property crisis, must pay $15.4 million coupon on a dollar bond by the end of a 30-day grace period Oct. 17-18 or a default can be called. The company hasn’t clarified which day marks the official end of the grace period, given the initial missed deadline of Sept. 17 fell on a Sunday.
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'Money destroys families': Kevin O'Leary shares his hard-and-fast rule about lending cash to loved ones — here are 3 paths to financial freedom Canada's annual inflation rate edged down in September, increasing 3.8 per cent compared to a 4 per cent increase in August.National Bank of Canada and another financial stock look like a great value at current prices. The post Now Is the Time to Buy These Financial Stocks appeared first on The Motley Fool Canada.
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