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Good morning!If you believe the surveys coming out of Wall Street, the U.S. Federal Reserve will cut interest rates by 25 bps at 2 p.m. ET today, but the market is already looking ahead, and wondering whether it will be a case of one and done, or will the Fed Chair Jay Powell signal that more cuts are on the way.
S&P identified Canada’s housing issues as among the four major credit risks in North America. The other three are: geopolitical and trade disputes clouding world growth, mature credit cycle and volatile liquidity and cybersecurity. A whack of Canadian earnings out today, including Encana Corp., Kinross Gold and Molson Coors Brewing Co.Canadian oilsands may no longer be the world’s most expensive oilfields. A new report by the Canadian Energy Research Institute shows total operating costs have been decreasing year-on-year for most existing projects, in-situ and integrated and stand-alone mining.
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