Mortgage applications slide as rates near last year’s levels

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Canadian inflation and housing figures will offer new readings on the economy this week, while Wednesday’s tariff deadline could determine whether nearly US$20 billion of Canadian exports face new 50% U.S. duties. The calendar also includes housing starts, retail sales and the Bank of Canada’s Senior Loan Officer Survey, which will provide an update on…

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The broader S&P and Nasdaq indices are trading near new lows. What are the technicals telling traders? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Minutes Item 1 – Introduction The Chair opened the meeting, thanking members for sending across their wildlife nominations. The Chair provided an overview of the previous meeting including reiterating the Bank’s objectives for secure banknote design and reminding members about the suggested guidance discussed at the previous meeting. The Panel discussed the response to the…

Foreclosures slowed to a crawl in the years during and after the COVID-19 pandemic due to moratoriums and lingering emergency loss mitigation programs rolled out to help keep struggling borrowers in their homes as workplace shutdowns and unemployment spiked. While the pace of foreclosure starts in May was 35% below May 2019 levels, according to…