Canada’s benchmark stock index edged up on Monday to its highest close
in 11 days as financial and energy shares climbed
while mining stocks weighed as lower Chinese economic growth targets
contributed to a softening in prices for metals..
U.S. stocks pulled back on Monday in a broad decline as investors grew uneasy
over the latest tumult surrounding the Trump administration
and geopolitical tensions emanating from North Korea..
ECONOMY
Canada’s job market runs hot
as jobless rate hits 9-year low !
overnight rates by central bank increased quarter point
dollar stronger than last few years.
The jobs figures will bolster confidence the country is quickly running out
of economic slack and higher Bank of Canada interest rates may be needed
to cool off growth, even with a separate report out Friday (today)
showing the country’s trade sector disappointed in June.
The central bank already raised rates last month, and investors are pricing in
at least least one more hike by the end of this year..
home prices will cause a bubble in real estate