This Is What The Us Military Is Now Spending Their Money OnAnalysis-Little relief for indebted Canadian homeowners as mortgage rates seen higher for longer
Highly indebted Canadians hoping for relief from a rapid rise in mortgage rates are in for some disappointment, as recent moves in the bond market point to interest rates staying at elevated levels for longer than previously expected due to stubborn inflation. The yield on Canada's 5-year bond climbed on Tuesday to a 16-year high of 4.17%, up from 2.66% in March, as investors gave up on the notion that the Bank of Canada and other major central banks will pivot quickly to rate cuts.
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China Urges Banks to Boost Stock Investments to Support MarketChinese authorities ramped up efforts to bolster the nation’s fragile financial markets, urging the country’s pension fund and some large-scale banks and insurers to increase stock investments.
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