TSX tote board

There were signs of progress Sunday in a contract dispute between Canada Post and the union representing 50,000 of its workers as talks resumed and the post office withdrew a threat to lock out its workers

The B.C. government will give the City of Vancouver the powers it needs to implement an empty home tax, provincial Finance Minister Mike de Jong announced this morning.
"It strikes us that if the city wants to do this, it is a reasonable request on their part," said de Jong, who has requested the Speaker's office reconvene the legislature on July 25 to implement the legislative changes necessary.
The provincial government is solely responsible for providing the "statutory powers" necessary within the Vancouver Charter to allow for the tax, he said.
It will then be up to the City of Vancouver to determine the tax rate and how to measure whether a home is empty or not.

European stocks close lower after Nice attacks; Stoxx 600 rebounds from session bottom, finishes off 0.25% - CNBC

The Bank of Canada opted to keep its benchmark interest rate at 0.5 per cent

on Wednesday, the same level it's been at for more than a year  :-[

The central bank, led by Governor Stephen Poloz, said Wednesday that underlying

economic conditions don't warrant a change in policy at this time...

On the whole, BMO economist Doug Porter saw very little in the statement to suggest

the bank is thinking about raising interest rates to more normal levels any time soon.

"It's pretty clear the bank has zero appetite for rate hikes,"

The bank specifically singled out the Vancouver housing market :

noting that it is showing signs "possible moderation"

after several years of booming growth.....

[quote author=ketchim link=topic=102637.msg679710#msg679710 date=1455817226]
Pressure is now on Central bank Interest rates !
[/quote]

7 months later : still no pressure  >

Canadian Market Summary

S&P/TSX Composite Index  15,317.49 [img alt=change up width=23 height=23]http://web.tmxmoney.com/assets/img/up.gif[/img]   [img alt=chart]http://app.quotemedia.com/quotetools/getChart.go?webmasterId=101020&ents=wmonly&symbol=%5ETSX&chwid=270&chhig=180&chgrd=D8DCE5&chbdr=D8DCE5&chfill2=6d9641&chfill=cc6d9641&chln=313942&chaaon=true&chton=off&chscale=1d&chfrmon=off&df=MM/dd/yy%20h:mma%20z&chlt=on&locale=en[/img]  Change: 5.29 (0.03%)

  S&P/TSX Venture Composite Index  753.44 [img alt=change up width=23 height=23]http://web.tmxmoney.com/assets/img/up.gif[/img] .

Fed Raises Interest Rates by a Quarter Point

good morning