Back on July 13, when the BOC hiked rates by 25bps to 0.75% - its first rate hike in 7 years - followed by another unexpected rate hike in September, we documented some troubling trends among Canadian households, including the record household debt-to-income ratio...
... the sliding average hourly wages...
... as well as the unprecedented Canadian housing bubble which puts US home prices to shame...
The following article by David Haggith was published on The Great Recession Blog:
One week before Twitter executives are slated to testify before the Senate and House Intelligence Committees, the company has bowed to pressure from lawmakers and announced it will soon begin providing users with more information about political advertising appearing on its platform, CNBC reported.
WTI advanced to the highest level since April today amid OPEC considering an extension of output caps, and extended gains after API data despite a surprise build in crude. RBOB gained on a much bigger than expected gasoline draw (-5.7mm vs +1.7mm exp).
API
So much for Chipotle's Queso-backed comeback plan: moments ago CMG has again done what it has become so good at in recent years after reporting earnings: it tumbled.