amid concerns the U.S. Federal Reserve is far from done when it comes to tightening monetary policy. Futures are in the red across the board – both the S&P 500 and Nasdaq contracts are down about 1.1 per cent thus far – after U.S. Fed Chair Jay Powell said that on aggregate, the central bank sees rates hitting a higher terminal rate of 5.1 per cent next year, up a full half per cent from earlier projections.
The Federal government is reimposing sanctions on those key Nord Stream turbines after initially dropping them back in July. The point may be a bit moot, given Nord Stream remains offline after those mysterious underwater explosions earlier this year. Carlsberg is buying Waterloo Brewing for $144 million in an all-cash deal - it's far and away the largest price tag for a Canadian craft brweery in recent memory, and comes on the heels of Royal Unibrew's deal to buy up Toronto's Amsterdam Brewery earlier this year.
Keyera is buying out Plains All America's 21 per cent stake in the Keyera Fort Saskatchewan facility for $365 millionNotable data: Housing Starts, Existing Home Sales, MLS Home Price Index, US Initial Jobless Claims, US Retail Sales, Philadelphia Fed Index, Empire State Manufacturing Survey, US Industrial Production and Capacity Utilization, US Business InventoriesNotable events: OSFI releases guidance on the minimum qualifying rate for uninsured mortgages , CannTrust trial resumes as execs...