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Softwood Lumber Negotiations Lack of Update
Canada and the United States remain “far apart” on several important points concerning a new agreement on softwood lumber, according to the Canadian government’s chief negotiator, said CBC Thursday. Testifying before the House of Commons committee on international trade on Thursday, Martin Moen, an official with the department of Global Affairs, said there have been…
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Softwood Lumber Negotiations Lack of Update
Canada and the United States remain “far apart” on several important points concerning a new agreement on softwood lumber, according to the Canadian government’s chief negotiator, said CBC Thursday. Testifying before the House of Commons committee on international trade on Thursday, Martin Moen, an official with the department of Global Affairs, said there have been…
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Canada Housing Starts: July 2016
The Canadian housing starts report from the Canada Mortgage and Housing Corp released Tuesday showed the seasonally adjusted annualized rate of housing starts declined to 198,395 in July, down from a revised 218,326 in June. Construction of multiple units fell 13.3 per cent. Housing Starts, Canada The expected fallback in Canadian housing starts in June…
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US Household Debt: 2Q 2016
The Federal Reserve Bank of New York’s Center for Microeconomic Data Tuesday issued its Quarterly Report on Household Debt and Credit, which reported that household debt increased by US$35 billion (a 0.3 per cent increase) to US$12.29 trillion during 2Q 2016. This moderate growth was driven by increases in auto loan and credit card debt,…
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US Housing Affordability: 2Q 2016
According to the National Association of Home Builders / Wells Fargo Housing Opportunity Index, solid home price appreciation more than offset a modest reduction in mortgage interest rates to push housing affordability lower in 2Q 2016. The national median home price increased from US$223,000 in 1Q 2016 to US$240,000 in 2Q. Meanwhile, average mortgage rates…
