The Daily Chase: Oil rally stalls; Canadians banking on housing
BNN Bloomberg
After six straight days of gains, the price of oil has been slipping this morning.
After six straight days of gains, the price of oil has been slipping this morning. We’ll track how that factors into trading on the S&P/TSX Composite Index after it posted the strongest return of the major North American indices last week. More broadly, futures are pointing to a muted open after last week’s wild tech-driven swings.
HOUSING GRAVY TRAIN
Looks like most Canadians don’t share Peter Routledge’s cautious view that home prices in some markets could plunge 20 per cent. The latest Nanos Research numbers for our Bloomberg News partners show that 64 per cent of respondents to a survey expect the value of homes in their neighbourhood will rise over the next six months. That’s up four percentage points from the prior survey.
IN CONVERSATION WITH NAFTOGAZ CEO
Our CTV News colleague Omar Sachedina recently sat down for a wide-ranging conversation with the head of Ukraine’s largest oil and gas company about the role that natural gas and pipelines play in the possibility of a Russian invasion of that country. Naftogaz Chief Executive Yuriy Vitrenko explained why Nord Stream 2 is a wild card for the timing of conflict, discussed why Europe would “immediately feel the effect of a full-scale war” before that pipeline is operating, and why he thinks the “macho man” image that Russian President Vladimir Putin portrays to the world doesn’t align with Russia’s economic reality.
BAY STREET OFFICE SPACE UPDATE
