Morning Update: BoC’s interest-rate hike expected to further dampen housing market

, inciting concern that the Federal Reserve may consider a 100 basis point rate hike at the July meeting. Around 5:30 a.m. ET, Britain’s FTSE 100 slid 0.79 per cent. France’s CAC 40 fell 0.95 per cent, and Germany’s DAX dropped 0.64 per cent. In Asia, Japan’s Nikkei climbed 0.62 per cent, while Hong Kong’s Hang Seng declined 0.22 per cent. New York futures were lower. The Canadian dollar was trading at 76.46 U.S. cents.

He proved doubters wrong, albeit with help. On the 17th stage, through the mountains, Anquetil faked a broken bike – his team actually cut the chain – and voilà, under the rules of that time, was able to swap his ride. He used a lighter bicycle with lower gears to push through the stage and make up valuable time before he returned to his original bike to finish the section. Four stages later, on this day in 1963, Anquetil won.

Make it less affordable for Canadians, that will fix the problem of unaffordable housing. Only in Canada.

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