U.S. trade gap narrows
Statistics Canada said gains in non-residential building permits in February more than offset a second straight monthly decline in Canada’s housing sector.Municipalities issued $5.2 billion in building permits in February, up 3.6% from the previous month and continuing an upward trend that has persisted since the beginning of 2004.Contractors took out $1.8 billion in permits […]
Sales of new U.S. homes fell by the largest amount in nearly nine years in February while the median price of a new home dropped for the fourth straight month.The declines provide fresh evidence that once-booming U.S. housing market is cooling off.The U.S. Commerce Department reported that sales of new single-family homes dropped by 10.5% […]
Sharp drop in gasoline prices led the decline
Shoppers increased spending in most sectors
Government debt falls for third-straight quarter
Wholesale sales rose again in January, continuing a general advance that has lasted more than two years, Statistics Canada reports.A broad-based advance led overall sales to jump 1.8% to $41.3 billion.Sales rose in six of the seven sectors led by machinery and electronic equipment and automotive products.Wholesale trade has generally been rising since September 2003.Sales […]
Gasoline prices drop 6.8%
Substantial drop in motor vehicle and parts manufacturing
Liabilities down on year-over-year basis