Posts Tagged ‘Mls Home’
Monday, April 30th, 2012
Performance of Key TMX Sub Indices – One Year (May 4, 2011 – April 30, 2012)
Performance of Key TMX Sub Indices – Year to Date (January 3, 2012 – April 30, 2012)
Performance of Key TMX Sub Indices – One Month (March 29, 2012 – April 30, 2012)
Home prices move higher in March – The Globe and Mail
Home prices crept higher in March as a slowing Vancouver market was offset by an acceleration in prices in Calgary, Toronto and Montreal, according to a report by the Canadian Real Estate Association. The MLS home price index was up 1.3 per cent in March on an month-over-month basis and up 5.1 per cent per cent compared with a year ago.
Canada March Industrial Product and Raw Materials Prices (Text) – Bloomberg
The Industrial Product Price Index (IPPI) edged up 0.2% in March, led by higher prices for petroleum and coal products. However, the advance of IPPI was moderated by primary metal products (-1.0%). The Raw Materials Price Index (RMPI) declined 1.6%, largely because of mineral fuels.
Economy posts surprise decline in February – The Globe and Mail
Canada’s economy shrank unexpectedly in February, by 0.2 per cent, as factories posted their first drop in output in six months, and mining activity plunged.
Canada Feb. Gross Domestic Product Report (Text) – Bloomberg
Real gross domestic product declined 0.2% in February. Temporary closures in mining and other goods-producing industries contributed to the decline. Decreases in mining and oil and gas extraction, manufacturing, utilities as well as forestry and logging outpaced advances in construction. In service-producing industries, gains in wholesale trade and in the finance and insurance sector outweighed declines in retail trade and in the transportation and warehousing sector.
Canada’s auto parts sector falling behind – The Globe and Mail
Despite a recent rebound in the auto industry, Canada’s auto parts manufacturers have fallen from the ranks of global top 10 exporters because they failed to diversify their markets. Canada’s auto parts sector is losing global market share because it has not found a way to tap into the rapid growth in low-cost locations, Bank of Nova Scotia economist Carlos Gomes said in a report on Wednesday.
Bank of Canada Won’t Increase Rates, Stretch Says: Video – Bloomberg
April 30 (Bloomberg) — Jeremy Stretch, head of currency strategy at Canadian Imperial Bank of Commerce, talks about the outlook for foreign-exchange markets and Bank of Canada interest rates. He speaks with Guy Johnson on Bloomberg Television’s "The Pulse." (Source: Bloomberg)
Energy Transfer to buy Sunoco for $5.3-billion – The Globe and Mail
Pipeline operator Energy Transfer Partners LP (ETP-N48.320.400.83%) said it will buy Sunoco Inc. (SUN-N49.188.2720.22%) for $5.3-billion in stock and cash as part of its plan to focus on transporting more crude oil and refined products amid falling natural gas prices. Oil and gas production from shale formations in the United States has surged over the past two years creating a scramble to build infrastructure to get supplies to refining hubs.
Carney’s debt warnings at odds with monetary policy – The Globe and Mail
Canadians have never been as indebted as they are now. The Bank of Canada expects debt levels to eventually reach near 160 per cent of disposable income – the same level reached by Americans just prior to the crash. These debt warnings have been a constant in Mr. Carney’s public pronouncements over the past few years – just not in his actions. And nothing speaks louder than easy money. Low mortgage rates make larger and pricier homes accessible to more people, pushing home prices higher in a vicious cycle that may not end well.
Moody’s debt-rating downgrade sour news for Ontario – The Globe and Mail
Just two days after the McGuinty Liberals’ first minority government budget passed a crucial vote, one of the world’s major credit rating agencies downgraded Ontario, citing the province’s swollen debt burden and tough economic times ahead. Moody’s Investors Service’s decision Thursday to downgrade Ontario followed a stern warning and dimmer outlook issued one day earlier from Standard & Poor, another influential credit rating agency.
Loonie 6-Month Lead at Risk as First G-7 Rate Gain Looms – Bloomberg
The Canadian dollar’s reign as the best-performing major currency over the past six months is in jeopardy as rising consumer debt loads collide with plans by Bank of Canada Governor Mark Carney to increase interest rates.
Tags: Auto Industry, Auto Parts Manufacturers, Canada March, Coal Products, energy, Gas Extraction, Globe And Mail, Globe Mail, Goods Producing Industries, Gross Domestic Product, Home Price Index, Industry Canada, Insurance Sector, Mail Canada, Market Radar, Mineral Fuels, Mls Home, Raw Materials, Retail Trade, Vancouver Market, Wholesale Trade
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