Canadian Homeownership Costs Ease for Second Consecutive Quarter: RBC Economics
"...thanks in part to slight decreases in five-year fixed mortgage rates and minimal home price appreciation across the country..."
Ask your MERIX DBD for the summary specific to your region.
* TSX -7.49 to 13,956.19 Capital flows out of stocks toward more defensive investments — such as precious metals and oil — accelerated throughout the day, suggesting that fears continue to grow over the potential impact of a revolt in Libya on the North African country's oil production.
* DOW -107.01 to 12,105.70.
* Dollar +.23c to 101.15c USD as the greenback lost traction against other major currencies and the loonie finally found backing from rising oil prices.
* Oil +$2.68 to $98.10 USD per barrel prices briefly surged past US$100 a barrel (highest since Oct 08) amid fears that escalating tensions in the oil-rich Middle East could cause a global crude shortage. Libya is the world's 12th-largest exporter of crude, accounting for two per cent of global daily output. Traders are also worried that the revolt could spread to other oil-producing countries in the region. Barclays Capital estimates that as much as one million barrels per day of Libyan production has been shut down so far.
* Gold +$12.90 to $1414 per ounce.
* Canadian 5 yr bond yields markets -.02bps to 2.61. The spread (based on the MERIX 5 yr rate published rate of 4.14%) is good and high in the comfort zone at 1.53.
(courtesy of Barb Morgan, DBD Ontario Southwest)
