Israel's Ban on Palestinian Workers Is Hurting Both Economies
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
Latest Videos
The information you requested is not available at this time, please check back again soon.
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
The Bank of Japan is poised to end on Tuesday its yield curve control policy as well as purchases of riskier assets such as exchange-traded funds, Nikkei reported, without saying where it got the information.
Creditors of the two main property units in Rene Benko’s Signa conglomerate backed plans to sell off assets as part of a restructuring that’s expected to recoup about 30% of their money.
Mar 16, 2020
The Canadian Press
OTTAWA -- Home sales in February were up sharply compared with February 2019 when sales hit a decade-low for the month, the Canadian Real Estate Association said Monday.
However, TD Bank senior economist Brian DePratto said conditions have changed due to COVID-19 and he expects the market to slow substantially in the near-term, if not retrench.
"That said, sales are well-positioned to make a strong recovery once the impact of the virus dissipates, helped by an ultra-low interest rate environment," DePratto wrote in a report.
"With resale markets generally tight, we expect a rebound of sales activity that brings strong price growth once COVID-19 is convincingly in the rearview mirror."
Mortgage rates have fallen in recent days in the wake of rate cuts by the Bank of Canada.
The central bank has cut its key interest rate target twice to bring it down to 0.75 per cent and has said it is ready to make further changes if required to support economic growth and keep inflation on target.
Sales for February, which included an extra day due to the leap year, were up 26.9 per cent compared with the same month last year.
Sales topped year-ago levels in about 80 per cent of all local markets, including all the large urban markets across the country, the association said.
On a month-over-month basis, sales in February were up 5.9 per cent, boosted by a 15 per cent jump in the Greater Toronto Area.
The number of newly listed homes rose 7.3 per cent in February compared with January.
The increase in the number of sales came as the national average price for homes sold last month rose 15.2 per cent compared with a year ago to $540,000.
Excluding the Greater Vancouver and Greater Toronto Area, the national average price was about $410,000, up 10.5 per cent.