The Daily Chase: Toronto home sales tank; Rogers-Shaw mediation fails
BNN Bloomberg
Home sales tumbled 41.4 per cent year-over-year last month in the country’s largest market as rising interest rates continued to decimate activity.
MARKETS LOOK FOR DIRECTION
U.S. futures have been wobbling this morning after yesterday’s remarkable session that saw the S&P 500 close with a tiny gain after being down almost 2.2 per cent in the morning. Recession worries are running rampant — unless you’re Brian Belski, the chief investment strategist at BMO Capital Markets who was sounding like a lonely bull when he chatted with Jacqueline shortly after yesterday’s closing bells. Today, the main event is likely to be minutes from the U.S. Federal Reserve’s last meeting, which will land at 2 p.m. ET.
DEAD-END MEDIATION FOR $20B SHAW TAKEOVER
