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.
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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.
Jan 8, 2019
The Canadian Press
MONTREAL - The Greater Montreal Real Estate Board says home sales in Quebec's largest city climbed higher in December to hit a new record for the month.
The board says there were 2,825 home sales in Montreal in December based on the Centris provincial database, up three per cent from 2,755 in December 2017.
It says it was the 46th consecutive monthly sales increase.
Sales of single-family homes rose three per cent to 1,491 compared with 1,441 a year ago, while condominium sales increased two per cent to 993 compared with 973 a year earlier.
Sales of plexes, which include two to five units, slipped to 336 compared with 339 in December 2017, while the median plex price was up eight per cent at $525,000.
The median single-family home price increased seven per cent to $327,450, while the median condominium price rose three per cent to $272,863.