Article content

Good morning!

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Posthaste: Stimulus is in the air, China's exports crash and Canadians confess to lying on their mortgage applications Back to video

Unless the Tweet-in-Chief has something else planned, the biggest macro event of the week will be the European Central Bank’s meeting on Thursday that’s expected to result in significant stimulus. Much is at stake with Mario Draghi, president of the ECB, heading his second last meeting before Christine Lagarde takes over.

“Will Draghi be able to twist enough arms on the Governing Council, given opposition to major stimulus from Germany, the Netherlands and France? Is the ECB technically prepared to roll out multiple forms of stimulus and along what time line?,” ask Scotiabank analysts.

Stimulus is in the air after China’s central bank said over the weekend that it was cutting the amount of cash banks must hold as reserves for the third time this year, releasing US$126.19 billion in liquidity to boost the economy and flagging exports.

Despite the low interest rates, surging Canadian housing prices is making some commit fraud, according to Equifax Canada.