🏦Bank of England's 'fire sale' warning ‼️ IMF: 'Worst is yet to come' 🏡'Serious pain' for some homeowners Here's what you need to know today:
.’” 2) Earnings season is about to get started in the United States, with JPMorgan Chase & Co. and several other major banks bookending the week. 3) Two pieces of U.S. inflation data loom, with the producer price index on Wednesday and the consumer price index on Thursday. 4) Russia escalated its war on Ukraine after what President Vladimir Putin described as a terrorist attack on the bridge connecting his country to Crimea.
All that said, U.S. futures pared earlier losses as of 8 a.m. EDT and the 10-year U.S. treasury yield pulled back to 3.9 per cent after topping four per cent. David Rosenberg shared his world view with us at 9 a.m. EDT, just as the International Monetary Fund shaved its global growth estimate for next year, cut its expectations for Canada this year and next, and slashed its 2022 U.S. GDP estimate to 1.6 per cent from 2.3.
in a tweet last night he thinks “the over leveraged are in for serious pain.” Meanwhile, Steve Saretsky – one of our frequent guests on the Vancouver housing market – recirculated some video purporting to show B.C. homeowners protesting interest rate hikes.WSP Global balked at getting into a bidding war for RPS Global. That's the environmental consulting firm WSP agreed to buy in
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