Canada joins the global grounding of 737 Max with no end in sight to Boeing’s problem, Britain votes on a Brexit extension as deadline looms and Moody’s says banks still face risk from Canadian’s household debt. Tonight … Tesla unveils its new ride
Here’s what’s breaking this morning:
U.K. Parliament to vote on a postponement of Brexit from the March 29 deadline, after legislators rejected leaving the EU without an agreement
Bank of Canada Senior Deputy Governor Carolyn Wilkins will deliver
in Vancouver at 7:05 p.m. ET
Tesla’s Model Y, a small sport-utility vehicle, is expected to be unveiled in Los Angeles.
Toronto Mayor John Tory to attend a National Housing Strategy announcement with Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation at 3:45 p.m.
Federal Natural Resources Minister Amarjeet Sohi to announce funding for clean technology projects in Alberta’s oil and gas sector in Calgary
Data today: Canadian national balance sheet and financial flow accounts and new housing price index
More bad news from Canada’s housing market. Home prices fell in February for the fifth straight month as most major markets weakened, the latest data showed. Except for 2009, when there was a global financial crisis, the decline was the largest for February in 19 years of the Teranet index history.
Here’s hoping your March break travel plans run smoothly. Send your ideas and comments on the day to email@example.com — @pamheaven
— With files from The Canadian Press, Thomson Reuters and Bloomberg