Housing Starts Plunge as Rates Bite; BoC Diverges From Fed on Rate Outlook
• Canadian housing starts plunge 22% in November as higher rates bite • Bank of Canada diverges from Fed, says rates not coming down soon • Trans Mountain warns of potential 'catastrophic' two-year pipeline delay • CPPIB part of joint venture to buy $1.2B stake in Signature Bank portfolio • Allied Properties declares $5.48 per unit special distribution, comprised of cash and units