Friday morning news drop
Something Has to Give in the Housing Market. Or Does It? There appears to be no quick reprieve coming for rising prices: “It’s not a bubble, it really is about the fundamentals.” (NY Times)
Oil producers are flush with cash. Now what will they do with it? Revenues and cash flow expected to hit record levels this year if oil prices stay strong. (CBC)
Day Traders as ‘Dumb Money’? The Pros Are Now Paying Attention Last year, an army of day traders turned markets upside down. This year, professional fund managers are finding that they had better keep tabs. (Wall Street Journal)
Wall Street’s Pandemic Bonanza Most Americans have missed out on the asset-price boom created by the policy response to the pandemic. Not so the big banks. (New Yorker)
Soaring inflation shatters Bay Street consensus on interest rate liftoff Some now say we could see borrowing costs rise as early as next week (Financial Post)
‘They’re going to hike really aggressively’: Experts predict major interest rate increases this year to tame soaring inflation Bank of Canada will try to cool the real estate market which is a key driver of inflation. (Toronto Star)
In an Inflationary Environment, Value Stocks Offer a Refuge Persistent inflation and rising interest rates are giving value stocks an edge over growth equities. (Institutional Investor)
How Norway Popularized an Ultra-Sustainable Heating Method No other country has more heat pumps per capita, a cheap, highly efficient tool to keep homes warm — and carbon footprints small. (Reasons To Be Cheerful)
Videos of the Week
The Ghost Ski Resorts - Fortress: When Fortress Mountain closed in 2004, the once vibrant ski resort quickly became a remnant of the past. Two decades later, the far side chair, frontside chair, and day lodge remain standing. While the guests have disappeared, ghosts remain. Inside the derelict structures are stories of ski culture and community. Skiers Mark Abma and Callum Pettit explore the past and ponder the future at this once iconic Alberta destination.
A Conversation: The film is built around a conversation between Academy Award-winning filmmaker Jimmy Chin and Ugandan-born snowboarder Brolin Mawejje. Their conversation tells a story about their unlikely career paths and diversity in the outdoor industry; building into Brolin’s own uncertainty about his goals to snowboard in the Olympics.
Power - The Story Of Brad Simms: From humble beginnings to BMX royalty, Brad's story is something to admire. He’s had some major setbacks and continues to push through it all. I don’t think people realize how much work and dedication he puts into his craft. Brad is comfortable and controlled on any bike you put in front of him. His love for bikes shines in every Instagram post, every video part, and anytime you see Brad on a bike. Sit back and enjoy Power - The Story Of Brad Simms.
Jo Gass - Con Leche: The French and style go hand in hand. Jo Gass has the latter oozing from every pore of his body and after a year and a half, and six nasty injuries, he's back on our screens for United. Jo rules!
Gavin Bottger's "Scuddle" Part He might be young, but Gavin handles the City’s hills and carves up pools like a lifer. Age don’t mean nuthin’.
Nick Garcia's "Flowers for Mom" Element Part Nick puts it all on the line, dodging poles at full speed and inventing techniques in the process. You know his mom's proud with this one.
Candide Thovex - Yellow Snow: Random shots of Candide skiing around Switzerland. Filmed by Aziz Benkrich and Franck Moissonier.