The number of homes sold in October in metro Toronto, Canada’s largest city, fell by 49.1 percent from a year earlier, with the number of homes for sale falling to a level last seen in 2020, the Toronto Regional Real Estate Board reported last week.
Tag: Canada
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CANADA’S ECONOMY SQUEAKED OUT A GAIN IN AUGUST
Adjusted for inflation, Canada’s economy expanded by 0.1 percent in August as continued growth in service industries spending barely offset declining sales by companies making goods, Statistics Canada reported last week.
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CANADA’S CENTRAL BANK RAISES INTEREST RATE LESS THAN EXPECTED
On 26 October, the Bank of Canada (BoC) added a half-point to its benchmark policy rate, raising it to 3.75 percent and surprising analysts who had widely predicted a three-quarter-point bump.
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CANADA ENDS COVID-19 BORDER RESTRICTIONS WITH THE U.S.
Canada ended its COVID-19 border restrictions last weekend that have been a source of contention between Ottawa and Washington for months as both countries slowly reopen from economy-killing lockdowns.