Bank of Canada poised to raise interest rates
Filed Under Main Content · Tagged: Bank Of Canada, Basis Points, Central Bank Governor, Consumer Confidence, Economic Growth, Economists, Globe And Mail, Interest Rates, Labour Market, Largesse, Mail Mark, Mark Carney, Pall, Policy Stance, Private Sector, Recession, Securities Dealers, Stimulus, Straight Time, World Bank
The Globe and Mail- Mark Carney is likely to raise borrowing costs for the second straight time Tuesday, while continuing to sound a cautious tone as belt-tightening in Europe, efforts to restrain China’s growth, and plunging consumer confidence in the U.S. cast a pall over Canada’s prospects.
All 12 primary securities dealers and most economists say the central-bank governor will lift his main interest rate by another 25 basis points, to 0.75 per cent. The labour market has recouped most of the jobs lost during the recession and companies are seeing better demand, suggesting the private sector will be able to lead economic growth after federal and provincial stimulus largesse runs out later this year.
Investors are less confident about later decisions, and that may not change this week because Mr. Carney is likely to reiterate that his path to a more neutral, pre-crisis policy stance depends on the developing economic stories around the world…
Bank of Canada poised to raise interest rates – The Globe and Mail
Canadian home sales fall 2.6 per cent in April as market cools down
Filed Under Main Content · Tagged: Adjusted Basis, Ahead, Bank Of Montreal, Canada, Canadian Real Estate, Canter, Decline, Deputy Chief Economist, Douglas Porter, Full Gallop, Housing Market, Labour Market, Market Economists, Month Of April, Quot, Real Estate Association, Rebound, Residential Sales, Vancouver Sun
Vancouver Sun- The Canadian housing market is cooling, but the decline will be moderate, thanks to the rebound in the labour market, economists say.
Canadian home sales fell 2.6 per cent in April from the previous month, with residential sales totaling 52,042 units last month, 6.8 per cent below the peak reached in December 2009, the Canadian Real Estate Association said Monday.
Listings, meanwhile, rose to 99,901 homes newly being put up for sale, a record for the month of April that suggests balance is returning to what had been a sellers’ market.
On a seasonally adjusted basis, the months of housing inventory available rose to 5.3 months, the highest level since last May.
"Canada’s housing market has gone from full gallop to stately canter and is poised to slow to a leisurely trot in the months ahead," said Bank of Montreal deputy chief economist Douglas Porter…
Canadian home sales fall 2.6 per cent in April as market cools down
