The Daily Chase: Whiplash in the markets; Enbridge sells stake in Alberta pipelines
BNN Bloomberg
The market whiplash continues this morning. Initially, the focus was the debt market, where the U.S. 10-year treasury yield climbed above four per cent for the first time since 2008 thanks to those persistent rate-hike/recession fears.
CANADA'S OUTLIER HOUSING MARKET
Re/Max is out with a new forecast for the fourth quarter that looks pretty much exactly as you’d expect at a high level. One outlier amid the broadly dour outlook: Calgary, where sales are seen surging 25 per cent year-over-year in the final three months of this year, and prices are expected to rise three per cent from a year earlier. “Interest rate hikes and recession worries have not had a notable effect on the market, due to the region’s relative affordability,” the real estate firm said.
CANOPY BAILS ON RETAIL
