The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities rose four per cent year-over-year during the first half...
The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities rose four per cent year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand.
The report says new home construction trends varied significantly across the markets studied, as Toronto, Vancouver and Ottawa saw declines ranging from 10 to 20 per cent from the same period last year. Costco stock comes into focus as the wholesale retailer is set to report quarterly earnings after the bell. Seana Smith and Madison Mills break down what investors need to know ahead of the print on Catalysts. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Naomi Buchanan.
Fresh economic data was released Thursday morning, including GDP figures and jobless claims. The GDP data revealed a 3% annualized growth rate, while jobless claims fell to it's lowest level in four months. Deutsche Bank Private Bank Americas CIO Deepak Puri joins Catalysts to discuss what this data means for future Federal Reserve rate cuts.
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