U.S. home sales surged 24.7% in July
There have been consecutive months of record-breaking gains and sales are up from a year ago
- By: The Associated Press
- August 21, 2020 August 21, 2020
- 11:35
There have been consecutive months of record-breaking gains and sales are up from a year ago
Sales soared 23.7% in June to $53.0 billion, StatsCan said, as it also revised its May reading
Economists offer their outlook in the wake of July's strong U.S. inflation figure
New applications for permanent residency were down 80% in Q2
However, business travel may never return to pre-pandemic levels
Credit card balances fell 12.3% in the second quarter
Most rated the advice they received positively, but a significant minority of clients weren't impressed
Gas prices fell nearly 15%
Your client's pandemic fears may be easing
StatsCan reports Canadian investors continued to buy U.S. equities
Sales were up 30.5% compared to a year ago
However, growing evidence suggests that sales could be slowing
Sales climbed a record 20.7% in June, though they're still below their pre-pandemic level
Subsidizing wages for companies during the pandemic will cost $67.9 billion through the end of December
July saw the total assets invested in ETFs and ETPs reach US$6.66 trillion
Visits to shops and recreation outlets have picked up more quickly in Europe
Monthly data indicated the economy began to bounce back in June
The increase was about double what economists were expecting
Alberta and Atlantic Canada led the surge
Globally, investors are expecting an average return of 10.9% over the next five years
Bank plans gradual return to pre-pandemic collateral limits
Hiring slowed sharply in manufacturing, construction and health care services
It was the first monthly spending increase since the pandemic hit