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US Housing Market, Home Building
New data out this week from the US Commerce Department, Standard & Poors, RealtyTrac, the National Association of Realtors, and Zillow all show a steady and improving situation for US home selling, house prices, rental rates, and foreclosures. Similarly, the recent release by the Federal Housing Finance Agency (FHFA) shows that its measure of house…
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Wildfires, Water Restrictions: Western North America
This week the most tragic occurrence of three wildfire firefighter deaths in Washington State brings into focus the importance and severity of this extended very dry season in northwestern North America. In addition, natural resource extraction operators in northern British Columbia and Alberta have been forced to cease operating due to water supply restrictions. Severe…
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Major Explosion at Tianjin Port, China
An explosion in eastern China that rocked one of the world’s busiest ports Wednesday poses some logistics problems despite resuming operations. Authorities and companies near the blast site in the eastern Chinese city of Tianjin said to the Wall Street Journal Friday operations there were returning to normal. Still, bottlenecks remained for industries from steel…
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US and Canada Manufacturing and Trade: June 2015
Canadian exports surged 6.3 per cent in June, according to Statistics Canada Wednesday, while imports fell slightly by 0.6 per cent, narrowing Canada’s trade deficit sharply to just under $0.5-billion. In the US, the Institute for Supply Management said also Wednesday its services sector index rose to 60.3, the highest reading since August 2005, a…
