Slowing Inflation Primes G-7 Central Banks for June
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Jul 16, 2021
The Canadian Press
Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in June.
The national housing agency says the seasonally adjusted annual rate of housing starts fell 1.5 per cent to 282,070 units in June compared with 286,296 in May.
The annual pace of urban starts fell 1.8 per cent in June to 251,190 as the pace of starts for apartments, condos and other types of multiple-unit housing projects rose 0.6 per cent to 191,085.
Starts of single-detached urban homes fell 8.5 per cent to 60,105.
CMHC estimated rural starts at a seasonally adjusted annual rate of 30,880 units.
The six-month moving average of the monthly seasonally adjusted annual rate of housing starts was 293,567 in June, up from 284,837 in May.