U.S. Federal Reserve officials became more resolved last month to keep raising interest rates for longer to prevent higher inflation from becoming entrenched, even if that slowed the U.S. economy.
Home sales tumbled 41.4 per cent year-over-year last month in the country’s largest market as rising interest rates continued to decimate activity.
A number of clouds are looming over Canadian households, which will make it difficult to further grow their net wealth, a new report from Desjardins says.
Each wave of supply shock to hit the global economy during the pandemic seems to produce a different scapegoat.
Toronto’s red hot housing market continues to show signs of a prolonged slowdown after new data by Realosophy Realty found another monthly sales decline, while the cost of renting surges.
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