Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios
Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
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Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
May 2, 2019
The Canadian Press
Montreal's real estate market remained on fire in April with residential home sales increasing 11 per cent from a year ago.
Quebec's real estate broker association says home sales in metropolitan Montreal marked the 50th consecutive monthly increase in sales, rising to 5,973 units.
All six areas of the Montreal area increased, led by an 18 per cent increase in the south shore, while the Island of Montreal grew six per cent.
Condominium sales shot up 17 per cent, plexes with two to five units were up 12 per cent and single-family homes grew six per cent.
The Quebec Professional Association of Real Estate Brokers says the median price of single family home increased four per cent to $330,000, condominiums were up six per cent to $260,000 and plexes rose eight per cent to $540,000.