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The Daily Chase: Toronto home sales drop; tech stocks under pressure - BNN Bloomberg

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The chill that's settled in over Canada's largest housing market was on full display to start the year.

fell 45 per cent year-over-year in the month, dropping to the lowest levels since the early days of pandemic lockdowns back in April 2020. Prices didn't fare much better – the benchmark price in the region was down 14 per cent from a year earlier to just shy of $1.08 million as the rising cost of borrowing and subsequent tougher mortgage stress tests weigh on activity.

Shares of Nordstrom are soaring in the premarket – up nearly 30 per cent – after the Wall Street Journal reported meme-stock investor Ryan Cohen has built a sizeable stake in the company.Notable data: U.S. Employment Report, ISM Services PMI, TRREB to release January housing market statistics Notable events – Finance Minister Chrystia Freeland meets with provincial finance ministers in Toronto

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The Daily Chase: BCE and Rogers report Q4 earnings; Canada Goose shares drop - BNN Bloomberg​Can almost call it Telecom Thursday around these parts, with the nation's two largest service providers both reporting results.
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