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.
May 8, 2020
The Canadian Press
OTTAWA -- Canada Mortgage and Housing Corp. says construction of multi-unit housing projects remained strong in some provinces last month despite the fight against the COVID-19 pandemic.
CMHC estimates a 10.8 per cent month-over-month increase in its national seasonally adjusted annual rate last month compared with March, excluding Quebec.
The federal agency says there was growth in multi-family starts in Ontario, Saskatchewan and Manitoba in April but Quebec was left out of the monthly national tally because the province's COVID-19 containment measures were in place until April 20.
The April seasonally adjusted annualized rate, excluding Quebec, was 166,415 units, up from 150,224 units in March.
Excluding Quebec, multiple dwelling starts in urban areas of Canada were up 35.7 per cent from March, while urban single-family starts fell 27.1 per cent. Rural starts were estimated at 7,285 units.
Ontario accounted for the largest number of starts at 93,628, up 42 per cent. British Columbia had the second-largest seasonally adjusted rate, at 27,767, down 10 per cent from March. Alberta's starts were down 28 per cent from March, at a seasonally adjusted rate of 23,262 units.