Japan economy: Latest data underlines weakness

December 31, 2012 under Useful Articles
27 December 2012 Last updated at 20:54 ET - BBC © 2012 Japan has reported weak economic data, underlining the challenges the new government faces in reviving growth in the world’s third-largest economy. Industrial output fell in November as demand for exports continued to slow. Consumer prices also dipped, indicating that deflation continues to remain a hurdle in boosting domestic demand. Japan has been s
comments: Comments Off

Dear first-time homebuyer: Ottawa wants you to tread carefully

December 31, 2012 under Home Buyer Resources
Garry Marr | Dec 27, 2012 4:27 PM ET Your government is increasingly worried about you getting into the housing market, if you haven’t figured it out by now. Ottawa has made it harder for you to get credit and is trying to limit how much debt you can take on. Has the message sunk in yet? The real estate industry says yes, and points to a dramatic drop in sales over the past few months as proof new mortgage regu
comments: Comments Off

Canadians feeling more confident about finances: CIBC

December 31, 2012 under Useful Articles
Canadian Press | Dec 27, 2012 8:09 AM ET TORONTO — It appears Canadians will be entering 2013 in a more positive mood about their finances than they were a year ago, according to a poll released Thursday. The Harris Decima telephone poll conducted for CIBC found that 70% of those surveyed were feeling positive about their financial situation. That’s up six percentage points from a similar survey conducted in
comments: Comments Off

Realtors lament new mortgage rules

December 19, 2012 under Useful Articles
December 17, 2012 – 7:31pm BY BILL POWER BUSINESS REPORTER Decrease in sales blamed on tighter restrictions Some Nova Scotia real estate agents may require extra hugs this holiday season — or a few more listings. House sales in the province dwindled by about 12 per cent this fall compared with the similar period last year. The sales rate tumbled by a whopping 16 per cent in the Halifax-Dartmouth region
comments: Comments Off

Canada’s home sales and prices continue to cool

December 17, 2012 under Useful Articles
Andrea Hopkins, Reuters | Dec 17, 2012 10:25 AM ET TORONTO — Sales of existing homes in Canada fell in November from October and year-over-year sales were down as well, the Canadian Real Estate Association said on Monday in a report that gave further evidence of a slowdown in Canada’s housing market. The industry group for Canadian real estate agents said sales activity was down a seasonally adjusted 1.7% in
comments: Comments Off

‘Rays of hope’: China’s economy on the mend as eurozone contracts at slower rate

December 14, 2012 under Useful Articles
Jonathan Cable and Lucy Hornby, Reuters | Dec 14, 2012 7:43 AM ET LONDON/BEIJING – China’s vast manufacturing sector expanded in December but the eurozone is probably deeper in recession, business surveys suggested on Friday. Data researcher Markit said its Eurozone Flash Composite Purchasing Managers Index, which combines both manufacturing and services sector data, showed small signs of improvement. It rose
comments: Comments Off

S&P downgrades Scotiabank, National Bank, 4 others

December 14, 2012 under Useful Articles
Canadian Press | Dec 14, 2012 7:13 AM ET | Last Updated: Dec 14, 2012 8:49 AM ET TORONTO — Standard & Poor’s has downgraded the ratings of six of Canada’s financial institutions by one notch. The credit ratings agency cites a softening economy, low interest rates and pressure from the headwinds facing Canada’s economy. “We believe that the Canadian banking sector is encountering incremental pressu
comments: Comments Off

Housing market still strong as Canadian new home prices rise again in October

December 13, 2012 under Useful Articles
Reuters | Dec 13, 2012 8:54 AM ET OTTAWA – Prices of new homes in Canada rose for the 19th consecutive month in October, climbing by a faster-than-expected 0.2% from September on continued strength in Toronto and Montreal, Statistics Canada said on Thursday. Analysts had expected a 0.1% rise in the new housing price index. Prices for new homes in the Toronto-Oshawa metropolitan region, which accounts for 26.6%
comments: Comments Off

Vancouver home sales slide, prices dip

December 13, 2012 under Useful Articles
BRENT JANG, VANCOUVER — The Globe and Mail, Published Tuesday, Dec. 04 2012, 2:23 PM EST, Last updated Wednesday, Dec. 05 2012, 11:17 AM EST Residential sales in Greater Vancouver’s housing market tumbled in November, though sellers aren’t panicking. There were 1,686 sales of single-family detached homes, condos and townhouses last month, down nearly 29 per cent from 2,360 a year earlier, the Real Estat
comments: Comments Off

U.S. Fed announces fresh stimulus in new approach to support growth

December 13, 2012 under Useful Articles
Pedro da Costa and Alister Bull, Reuters | Dec 12, 2012 12:47 PM ET | Last Updated:Dec 12, 2012 3:59 PM ET WASHINGTON — In an unprecedented step, the Federal Reserve said on Wednesday it would hold interest rates near zero until the U.S. unemployment rate falls to 6.5% as it launched a new round of bond purchases to stimulate the economy. The central bank said its commitment to hold rates steady until its new
comments: Comments Off