U.S. weekly jobless claims decline further

U.S. weekly jobless claims decline further

Fewer Americans filed new claims for unemployment benefits last week, suggesting layoffs were subsiding and strengthening expectations for another month of blockbuster job growth in April as a re-opening economy unleashes pent-up demand.Initial claims for state unemployment benefits totaled a seasonally adjusted 547,000 for the week ended April 17 compared...

With new projections, Bank of Canada signals it’s willing to be flexible on inflation target in pursuit of full recovery

Canada’s inflation-targeting central bank just acknowledged that inflation is headed above its 2-per-cent target in the post-COVID-19 recovery. And you know what? It’s okay with that.The Bank of Canada had plenty of interesting – and, mostly, encouraging – things to say in its eagerly awaited interest-rate decision and quarterly Monetary...

Canadian home prices jump 1.5 per cent in March

Canadian home prices jump 1.5 per cent in March

Canadian home prices accelerated sharply in March, with Halifax and Hamilton leading a bonanza of month-on-month gains felt across all 11 major markets in the country, data showed on Tuesday.The Teranet-National Bank Composite House Price Index, which tracks data collected from public land registries to measure changes for repeat sales...

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