The Monday Mix: April 17 – 23, 2023

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The US Treasury Dept. proposed a new process for spotting risky banks and including non-bank financial companies for supervision, after March bank failures.

US house sales fell 2.2% in March, with the average price down 0.9% ($379,000), as the housing markets continues to show signs of cooling. 

The yield on 3-month Treasury notes hit 5.1%, reflecting concern that the US could default on its debt, since the maximum borrowing limit was hit in January and Congress has not yet taken action.

The Eurozone economy overall expanded at a faster rate in April, with manufacturing contracting further as services led the expansion.

Canada proposed rules that would not allow the recycling symbol on plastics unless there are existing regional recycling systems in place to process the plastic. 

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