Fresh Stimulus Propels Emerging Markets to Fourth Week of Gains
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
Latest Videos
The information you requested is not available at this time, please check back again soon.
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.
Deutsche Bank AG has entered a capital-relief deal with the European Investment Bank that allows the German lender to grant discounts on more than €600 million ($652 million) of green mortgages in its home market.
A unit of Abu Dhabi’s Mubadala Investment Co. said it anticipated a roughly $315 million credit hit related to loans issued to the now-insolvent Signa real estate conglomerate.
The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April.
Sep 23, 2021
The Canadian Press
TORONTO - CBRE Group Inc. says the national office vacancy rate hit 15.7 per cent in the third quarter for the highest level since 1994 as people continue to work from home because of COVID-19.
The commercial real estate firm says that a fourth wave has slowed an expected return to work, helping push up the vacancy rate from 15.3 per cent in the last quarter.
It does, however, say that leasing activity is picking up, driven especially by demand from the technology sector, and that four of 10 major Canadian markets saw increased occupancy.
Vancouver's vacancy rate remains the lowest at 7.4 per cent, while Toronto stands at 13.7 per cent and Calgary at 30.1 per cent.
The story is quite different on the industrial front, where vacancies are low as demand for distribution and logistics space remains at an all-time high.
CBRE says the national vacancy rate for industrial space was at two per cent in the quarter, while several markets including Vancouver, London, the Waterloo Region and Toronto have availability rates of less than a per cent.