Canada’s overall annual inflation rate ticked up to 3.3 per cent in July, from 2.8 per cent in June. Homeowners now pay 30 per cent more in mortgage interest than 2022. And while food price increases dipped slightly from June, they’re still painfully high at 8.5 per cent over last year.
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CMHC says annual pace of housing starts fell 10% in JulyOTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10 per cent compared with June when they posted their strongest showing so far this year. The national housing agency says the seasonally adjusted annual rate of housing starts in July came in at 254,966 units compared with 283,498 in June. The annual pace of urban starts was down 11 per cent in July at 234,857, while the rate of multi-unit urban starts fell 12 per cent to 193,446 and the pace of singl
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Interest rate shock won't hit fixed-rate mortgage borrowers until 2025, expert saysWhile the pain of elevated interest rates is already hitting those with variable-rate mortgages, the sticker shock of higher payments might not be felt for a couple years among those with fixed-rate plans.
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Walmart earnings, jobless claims, mortgage rates: What to watchYahoo Finance Live co-host Seana Smith highlights investors should look out for tomorrow, Thursday, 17, from corporate earnings for retailer Walmart (WMT), Ross Stores (ROST), luxury brand Tapestry (TPR) amid its acquisition deal with Capri Holdings (CPRI), and semiconductor manufacturer Applied Materials (AMAT), to economic data on the latest jobless claims print and mortgage rates.
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Statistics Canada reports manufacturing sales down 1.7 per cent in JuneStatistics Canada says manufacturing sales fell 1.7 per cent to $71.5 billion in June, led by a drop in sales in the petroleum and coal product, chemical and machinery subsectors.
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Wholesale sales excluding petroleum products and oilseeds and grains down in JuneStatistics Canada says wholesale sales, excluding petroleum, petroleum products and other hydrocarbons and excluding oilseed and grains, fell 2.8 per cent to $80.5 billion in June.
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Wholesale sales excluding petroleum products and oilseeds and grains down in JuneOTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products and other hydrocarbons and excluding oilseed and grains, fell 2.8 per cent to $80.5 billion in June.
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