{"id":8629,"date":"2018-05-09T05:24:00","date_gmt":"2018-05-09T09:24:00","guid":{"rendered":"http:\/\/business.financialpost.com\/?p=1588033"},"modified":"2018-05-09T08:23:22","modified_gmt":"2018-05-09T12:23:22","slug":"five-things-you-should-know-before-starting-your-work-day-on-may-9","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/05\/09\/five-things-you-should-know-before-starting-your-work-day-on-may-9\/","title":{"rendered":"Five things you should know before starting your work day on May 9"},"content":{"rendered":"

Good morning, one and all! Shari Kulha<\/a> here with your daily update, starting your midweek off with a couple of real estate stories, a couple of oil stories and a look at what is likely to come of the money-making marijuana market in fairly short order. <\/p>\n

BUDS OVER BOOZE<\/strong><\/p>\n

Cannabis sales are said to top those of hard liquor<\/a> by 2020, but CIBC analysts say there will be “many losers” in the marijuana market. Mark Rendell<\/a> reports that governments, not  private companies, will reap the biggest rewards \u2014 possibly to the tune of 70% of industry profits. The smaller operators are likely to be squeezed out by pricing and the inability to get their product to market.<\/p>\n

SPRING SPECIAL<\/strong><\/p>\n

Mortgage wars are heating up<\/a> as BMO offers a variable rate at the biggest discount ever: a five-year will go for 2.45% until the end of the month. That is a full percentage point below the bank’s prime rate. With mortgage loans slowing overall, the bank is not only after new business but sustaining market share in a very competitive environment.<\/p>\n

‘MACRO MEASURES’<\/strong><\/p>\n

The party’s over for Vancouver’s luxury property market<\/a> \u2014 it’s now the worst performer on the continent and second-worst in the world. Prices at the top end of the market \u2014 $3.5 million and up \u2014 plunged 7.6% in the six months to March. \u201cIt\u2019s actually refreshing,” one realtor said. “You have some time to breathe, to negotiate like a regular transaction.\u201d<\/p>\n

COMING CHAOS?<\/b><\/p>\n

The U.S. withdrawal from the Iran nuclear agreement and the fresh round of U.S. sanctions against Venezuela could lead to two big sources of supply being taken off world oil markets<\/a>. It might be expected that these would support the current oil price rally. But as Joe Chidley<\/a> writes, the immediate reaction on the markets to Trump\u2019s announcements was “meh” \u2014 maybe because there’s chaos to come.<\/p>\n

SHELL GAME<\/strong><\/p>\n

Shell is selling its stake in Canadian Natural Resources<\/a> in a US$3.3-billion deal that sent shares in the country’s largest upstream oil and gas producer down 4%. But as Geoffrey Morgan<\/a> writes, it wasn’t unexpected, and many analysts say it’s a very good buy, and that it’s indicative of “Shell adding a little dry powder for LNG Canada sanctioning later this year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

A handful of top business stories we’re tracking in Financial Post<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8629"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=8629"}],"version-history":[{"count":4,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8629\/revisions"}],"predecessor-version":[{"id":8679,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8629\/revisions\/8679"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=8629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=8629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=8629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}