Europe Stocks Up as Hermes, Swiss Re Beat Estimates

European stocks rebounded from the biggest drop in two weeks as results from companies including Hermes International SCA and Swiss Re Ltd. beat estimates. U.S. equity-index futures advanced, oil gained from the lowest level in almost four months and the yen strengthened.

CIBC's Tal: We Need to Monitor Subprime Loans in Canada
15:25 - According to the latest report from CMHC, condo building activity in Toronto appears to be "well managed," unlike the 1980s housing bubble. Yet, BOC Governor Stephen Poloz recently addressed the pace of rising home prices in Canada's two hottest markets - Toronto and Vancouver. Benjamin Tal, deputy chief economist at CIBC World Markets, joins Bloomberg TV Canada's Amanda Lang to discuss the current state of the Canadian housing market, where it's headed and what measures need to be taken to "cool" foreign buyers. (Source: Bloomberg)
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