A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown.
Friday’s existing home sales data could show just how quickly rising mortgage rates are cooling the housing market. Bitcoin was on track on Friday for a double-digit weekly drop, and headed for a record losing streak. Other cryptocurrencies have also slid with investors shunning risk assets as central banks get aggressive on inflation.
China reports industrial output, retail sales and house prices, probably all glum. China also fixes benchmark rates, though traders see steady as the most likely outcome. British consumer confidence slumped in March to near the lowest in nearly half a century, research firm GfK said. A cost-of-living squeeze likely deepened shoppers’ gloom in April.
IPhone sill has an ugly notch? That thing looks awful
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More than US$7 trillion has been wiped out from the stock market this yearThe meltdown of 2022 has wiped out more than US$7 trillion in market value from the blue chip stocks in the S&P 500. The index is down more than 18 per cent since the end of December. The Dow is down 13 per cent as well. See ya. 👏 Poll: Is the stock market in 🇨🇦 corrupt? $TSX $TSX.V $CSE The petrodollar is dying, we are not even close to the bottom imo.
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Mortgage stress test rules may change as interest rates climb and housing market cools, says regulatorSince the Office of the Superintendent of Financial Institutions toughened the mortgage stress test last June, the country’s housing market and borrowing conditions have changed significantly
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What are stablecoins, the asset rocking the cryptocurrency market?They were supposed to be isolated from the chaos Stablecoins?...smells like manure to me🤣
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OSFI says it may tweak mortgage stress test as interest rates climb, housing market coolsSince the Office of the Superintendent of Financial Institutions toughened the mortgage stress test last June, the country’s housing market and borrowing conditions have changed significantly
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Interest rate trajectory will depend heavily on housing market, BoC deputy saysThere are some signs that Canada’s hottest housing markets have already begun to cool in response to rising interest rates So bankofcanada, why did you allow the real estate market go to the moon then? Care to explain? vanre tore vanpoli bcpoli cdnpoli HousingCrisis As usual the bankofcanada is impartial 🤦🏼♂️ no wonder many think they head should be fired Shouldn’t it be *Inflation*?
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Former B.C. premier says Canada has taken a back seat to others in LNG marketFormer B.C. premier Christy Clark says federal government over-regulation causing Canada to lose ground in energy market She is correct, but unless I am mistaken Christie Clark was premier when 8 projects were on the books to be commissioned but NEVER did, Australia & USA and others moved forward!!!! She told us about LNG . Never gave us LNG . But---------she did { talk } about it. Please Christy! Just go away!
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