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Realtors edge toward MLS alternative
· TSX -78.99 (Reuters) as retreating oil and gold prices sent shares of heavyweight energy and mining companies lower.
· DOW -93.79
· Dollar -.54c to 95.23cUS
· Oil -$2.34 to $76.94US per barrel. as U.S. data showing falling oil and gasoline demand raised worries about economic weakness.
· Gold -$8.00 to $1,106.00USD per ounce edged off the record high it hit early on Thursday as the U.S. dollar recovered from recent lows
· Canadian 5 yr bond yields -.01bps to 2.7. The spread, based on the MERIX 5 yr rate published of 4.19% is 1.49
· http://www.financialpost.com/markets/market-data/money-yields-can_us.html?tmp=yields-can_us
The rate of return on your bond, can be read through a yield curve, If the increase in bond yield continues to go up, the spread will continue to shrink and this could be a trigger for interest rates to rise. Ideally lenders are looking for a spread between 1.35 and 1.55
