Now that Greece’s election has come and gone, what are the residual implications for the rest of the global economy? The E.U may be breathing a sigh of relief in the face of crisis averted, but European insecurities continue to be a main concern taking centre stage at this week’s G-20 Summit.
Canadian bond yields are pointing south once again, and 5 year fixed mortgage rates have dropped to the 2.99 per cent as a result – the lowest since March of this year. What could the slide be attributed to? Well, the answer lies overseas – more specifically, Spain. As investors continue to turn away from euro zone markets, what do the implications hold for Canada?