Volatility likely in Canadian home sales in near future

Dec 16, 2015 05:50 am UTC| Commentary Economy

Existing home sales in Canada posted a solid growth of 1.8% in November. The Canadian Real Estate Association (CREA) reveals the existing home sales figures are 10.9% higher than the same month of last month. Average...

Risk on? Interest rates could stay low for decades

Dec 16, 2015 05:26 am UTC| Insights & Views Central Banks Economy

When a central bank lifts interest rate targets by 0.5% it expects households and firms to respond. In a crisis, the official target may fall by 3% in order to shock the economy into a positive response. These movements of...

New Zealand’s Q3 current account deficit narrows to 3.3% of GDP

Dec 16, 2015 02:30 am UTC| Commentary Economy

New Zealands current account deficit narrowed slightly to 3.3% of GDP in the year to September. The result was in line with the market expectations, after accounting for some positive revisions to the June quarter figures...

Spain's fiscal policy progress but more consolidation needed

Dec 16, 2015 02:11 am UTC| Commentary Economy

While the pace of fiscal consolidation over the past six years has been one of the most rapid on record, fiscal consolidation in Spain has eased since 2014, similar to other euro area countries. In 2015, the change in the...

Spain’s labour market improving but a long way to go

Dec 15, 2015 22:45 pm UTC| Commentary Economy

A highly inefficient labour market has been a major weakness for the Spanish economy. Poor labour market regulation has resulted in the abuse of temporary contracts by firms, excessive protection of workers on permanent...

Canadian home sales strengthen again in November

Dec 15, 2015 21:42 pm UTC| Commentary Economy

Following some cooling over the summer, housing demand has reaccelerated through the fall. The volume of home sales transactions through November is up 5% from a year earlier, and trending only 3% below the 2007 record...

Canadian existing home sales rises in November, sales hit their highest monthly level in over six years

Dec 15, 2015 17:54 pm UTC| Commentary Economy

Canadian existing home sales rose 1.8% in November and are now 10.9% higher than a year ago according to data by the Canadian Real Estate Association (CREA). CREA noted that sales hit their highest monthly level in over...