Canadian Building Permits Fell 4.9% In September from August

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Reuters

Permits down 2.8% on the year…Housing falls 1% month to month… See full story on this topic »

Housing may be leading Canada’s economic recovery

Financial Post- New-home prices rose 0.4% in November for the fifth consecutive monthly gain, Statistics Canada says, adding to growing evidence housing is leading Canada’s economic recovery. Analysts surveyed by Reuters had forecast, on average, a 0.3% hike in the new-home price index. Prices fell 1.4% from a year earlier.

On a monthly basis, the housing-only component of the index rose 0.5% while the cost of land-only component edged up 0.2%…

Housing may be leading Canada’s economic recovery

Bank of Canada extends liquidity facilities

 Reuters – USA – It also said it will continue to accept an assignment of non-mortgage loan portfolios as eligible collateral for the Large Value Transfer System and …

UPDATE 2-Bank of Canada extends liquidity facilities | Currencies | Reuters

U.S. money manager takes aim at subprime servicer

 Washington Post – United States – By Al Yoon NEW YORK (Reuters) – A money manager owned by Canada’s Manulife Financial Corp is seeking to fire one of the largest subprime mortgage companies …

U.S. money manager takes aim at subprime servicer – washingtonpost.com

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