Over the past 35 years, Australian government bond returns have been high, volatility has been low and their strong negative correlation during periods of equity sell-downs has culminated in bonds being the portfolio diversifier of choice.
The Canadian province of British Columbia announced Monday it will impose a 15 percent tax on foreigners who buy residential property in Vancouver, a city with a housing shortage and soaring real estate prices.
Eurozone stock markets scored small gains Monday buoyed by resilient German post-Brexit business sentiment, while London and Wall Street tumbled on profit-taking and the drag from another fall in oil prices.
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