These Citi picks are beating the red-hot U.S. small cap benchmark [Toronto Globe and Mail (Ontario, Canada)]
Medallia, Inc. (MDLA)
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Source: Toronto Globe and Mail
These Citi picks are beating the red-hot U.S. small cap benchmark Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow BMO economist Robert Kavcic noted that the average Toronto home price climbed above $1-million for the first time, and highlights reasons for and against concern, “The average home price in Toronto topped $1 million for the first time on record in February (the raw average transactions price). The Bank of Canada has argued that, yes, the market is strong, but not as strong as during the 2016/17 mini bubbles in Toronto and Vancouver. The reality is that conditions are at least as hot, and broader. Arguments for concern: Note the [month-over-month] acceleration in Toronto prices ... price growth is accelerating, almost parabolic in some markets. Residential mortgage credit growth has accelerated well above the 2017 high. Anecdotal speculation (metrics like the 12-month turnover rate take time to evolve). Arguments against con
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