China to Nurture Stock Rally by Masking Live Foreign Flows Data
China is set to switch off a live feed of foreign flows for stocks as early as Monday, the latest policy move to shore up confidence by removing a potential source of negative data.
Latest Videos
The information you requested is not available at this time, please check back again soon.
China is set to switch off a live feed of foreign flows for stocks as early as Monday, the latest policy move to shore up confidence by removing a potential source of negative data.
China’s credit in April shrank for the first time as government bond sales slowed, while loan expansion was worse than expected in a sign of weak demand.
Underlying US inflation probably moderated in April for the first time in six months, offering a ray of hope that price pressures will start to ease again after a string of upside surprises.
Rising housing costs and stubbornly high inflation are battering many consumers and the hit to their wallets is now hurting America’s low-cost restaurants.
Startup Kelvin has a solution to make radiators more efficient and New York apartments less sauna-like.
May 8, 2018
Bloomberg News
,Montreal’s housing market showed fresh momentum in April, helping extend Canada’s above-average run of residential construction.
Starts in Canada’s second-most populous city jumped 63 per cent in April from the prior month to an annualized 32,935, the nation’s housing agency reported Tuesday from Ottawa. Nationwide, work began on 214,379 new housing units in April, a decline of 4.9 per cent from March, but remaining above the pivotal 200,000 mark for the 11th straight month.
That’s the longest such streak since 2012, and according to Robert Kavcic, it’s more significant than the monthly drop. “Residential construction activity continues at a strong pace, with momentum reaching beyond just the heated Ontario and British Columbia markets,” Kavcic, senior economist at BMO Capital Markets, wrote in a research note.
Signs of a broader housing boom also showed up with gains in Alberta and three smaller provinces on the east coast, Canada Mortgage and Housing Corp. said. Toronto starts, meanwhile, fell 31 per cent to 26,768 units, and Vancouver’s dropped 28 per cent to 23,366.
Policy makers have moved to cool the Toronto and Vancouver markets over the last year amid signs of unsustainable price gains, and those markets were expected to slow after tougher mortgage rules took effect at the start of the year. The Bank of Canada raised interest rates three times since July, another potential drag on demand.
“The national trend in housing starts remained stable at historically elevated levels” CMHC chief economist Bob Dugan said in a statement.
Starts in Montreal were powered by a 73 per cent jump in multiple-unit work to 30,562 in April. Housing starts on an unadjusted basis in the city are growing at the fastest yearly pace since 2006.