US Pending Home Sales Index Slides to Record Low on High Rates

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US Pending Home Sales Index Slides to Record Low on High Rates
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An index of US pending existing-home sales unexpectedly fell in May to the lowest level on record as elevated mortgage rates and high prices discouraged prospective buyers.

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9%, reducing odds of July cutThe Daily Chase: Canadian inflation is heating up againMacklem: BOC can beat inflation without unemployment spikeBank of Canada to explain its pandemic actions as political tides shiftEconomists say BoC could cut interest rates again in July if inflation keeps coolingCanada May retail sales likely fall 0.

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