Canada

Last week's bullish sentiment that sent the S&P not only to a new all time highs, but a burst of last-second buying pushed above 2,500 for the first time ever, has carried through to the new week, with European and Asian shares rallying across the board, US futures again the green, and world stocks hitting a new record high on Monday ahead of a historic Fed meeting in which the FOMC is expected to announce the start of the shrinkage of its balance sheet.

Authored by John Ivison via NationalPost.com,

Participation in the ballistic missile defence program would be costly, but, amid nuclear threats, it appears Canada is no longer under the protective umbrella of the U.S.

Politicians approach most subjects with open mouths, but they are rarely at a loss for words.

That’s why the testimony at a House of Commons defence committee, specially convened to consider the thorny problem that is North Korea, was so memorable.

Authored by Kevin Muir via The Macro Tourist blog,

It seems like the only time Canada makes the news is when America elects some right wing President the Hollywood elite don’t like, and they all threaten to move to Canada.

Authored by Wolf Richter via WolfStreet.com,

With surprise rate hike, Bank of Canada turns against housing market...

Home sales in the Greater Toronto Area, the largest housing market in Canada, plunged 34.8% in August compared to a year ago, to 6,357 homes, with sales of detached homes and semi-detached homes getting eviscerated:

Sales by type:

Thanks to a surge in government spending in Q2, Canada's GDP grew at 4.5% SAAR. This is the best growth since Q3 2011 and is the best growth of all G-7 nations in Q2.

This is higher than the highest economist estimate...