The Daily Chase: Toronto home sales drop; OPEC+ could cut oil production
BNN Bloomberg
No surprise here: the slowdown in Canada's largest housing market continued last month as higher interest rates mute demand.
And if you missed it, check out Jacqueline's interview with Benjamin Tal from CIBC, who lambasted governments for not coordinating their efforts to fix what he called a "major national crisis" on affordability.
OPEC+ DECISION DAY
As of 6:30 a.m. EDT, it was looking like this could be a buy-the-rumour, sell-the-news situation as West Texas Intermediate and Brent crude futures were flat ahead of today’s decision by the cartel and its allies. Yesterday’s jawboning by unidentified sources got the market thinking about the possibility that output quotas could be cut by as much as 2 million barrels per day. So we have to wonder what will happen if the oil-producing nations don’t deliver on that.
