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Oil moves higher on trade talk outcomes, CAD a bit better

By MoneyWay | Oct 7, 2019

U.S. equity indexes edged higher as traders weighed the outlook for a trade deal between China and the Trump administration. European stocks gained with oil.

The Toronto housing market continued to rebound in September, with prices rising the most in 21 months, bringing the cost of a typical home close to the record high set in 2017. The average price of a home in Toronto rose 5.8 per cent to $843,115, the highest price this year, though well below the peak of almost $921,000 set in April 2017. Demand for homes in Canada’s biggest city continues to grow amid lower interest rates and a crunch in supply thanks to strong immigration flows. Buyers have also adjusted to stricter mortgage-lending rules put in place to cool the market. Sales in Vancouver rebounded 46 per cent last month after a policy-driven slump, though prices continue to dip.

Currently             Close                     Range

USDCAD               1.3308                   1.3314                   1.3290-1.3331

EURCAD               1.4617                   1.4617                   1.4604-1.4638

GBPCAD               1.6395                   1.6425                   1.6358-1.6425

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