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What We Are Following in the News

Deja Vu all over again: President Donald Trump on Monday imposed 50% tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American autos, alcohol and dairy products. https://buff.ly/JLJRL8m

Don’t blame supermarkets for your expensive groceries. Saying greedy shops have caused rising food prices is populist slop. https://buff.ly/suEP0Ok

More Tax Credits And Fewer Investors Squeeze Affordable Housing Deals. The new bond driven supply of credits is outpacing available capital, pushing down pricing and widening funding gaps in projects. https://buff.ly/kQRuhJk

Oil prices rose above $90 a barrel for the first time in more than a month following a fresh wave of US attacks on Iran after at least three American troops were killed. Prices for Brent crude gained 2.5 per cent to $90.30 a barrel — the highest price since June 11. https://buff.ly/QwYs6mY

This Week: It is "supposed" to be a slow economic news week... We will see. Friday: The Commerce Department releases June new-home sales.

The Tehran-backed Yemeni Houthis said they would impose a maritime blockade on Saudi Arabia, putting at risk the flow of millions of barrels that the kingdom exports via the Red Sea. The move would add greater pressure on the US as it seeks to bomb Iran into submission over control of the Strait of Hormuz. Oil prices rose during a fraught day of trading. https://buff.ly/Z3wVFJd