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Stock impact report

Posthaste: Canada's troubled housing market just got hit with another headwind [Yahoo! Finance Canada]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Now the Iran war has added another headwind: soaring oil prices. What does the price of crude have to do with real estate? Stephen Brown, deputy chief economist at Capital Economics, said though the surge in oil due to the conflict in the Middle East should eventually boost Canada's gross domestic product, in the short term the threat of inflation is putting upward pressure on borrowing costs. “There is no relief in sight for the troubled housing market, with the spike in global oil prices likely to push up mortgage rates in the coming weeks,” he said. When the Bank of Canada held its interest rate at 2.25 per cent last week, governor Tiff Macklem said policy makers would “look through” the immediate shock of higher oil prices. Markets at that point were predicting just one 25-basis-point hike this year. But within days that had shifted dramatically, with traders in overnight interest rate swaps betting that Canada's central bank would raise rates by 75 basis points in 2026, Show less Read more
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