Finance and investment articles

Despite a better-than-expected pending home sales report coming out of
the United States on Thursday, the day’s soft jobless claims figures are instead
dictating the direction of the Fed fund futures
market.
Year-end rate hikes are consequently in the midst of being priced out.
Markets are pricing in a 62.3% chance that the Federal Reserve will keep
rates on hold. That […]

Consumer debt increased by $14.3 billion in June,
according to data released Thursday from the United States Federal Reserve, which
also showed that total consumer credit had risen to $2.586 trillion from
the prior month’s $2.572 trillion.
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Canadians are flocking to snatch up property in the
United States as a result of affordable house prices and attractive exchange
rates, the National Association of Realtors says.
Since May 2007, NAR estimates that between 150,000 and 190,000 homes
in the United States were bought by foreign nationals.
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Canadians are flocking to snatch up property in the
United States as a result of affordable house prices and attractive exchange
rates, the National Association of Realtors says.
Since May 2007, NAR estimates that between 150,000 and 190,000 homes
in the United States were bought by foreign nationals.
Read More Now

Canadians are flocking to snatch up property in the
United States as a result of affordable house prices and attractive exchange
rates, the National Association of Realtors says.
Since May 2007, NAR estimates that between 150,000 and 190,000 homes
in the United States were bought by foreign nationals.
Read More Now

Several television financial correspondents were announcing at the
beginning of this week that Monday was the first anniversary of the
credit squeeze. It is unclear whether any one day can
claim that dubious distinction, but August 2007 was certainly a cruel
month. We take a look at where the Credit Crisis has been and
where we may be headed next. […]

Citigroup could have to take as much as $20 billion
in securities from failed auctions on to its balance sheet and will pay a
variety of fines and reimbursements in a settlement with United States
regulators.
Citigroup has agreed to purchase back all the securities it marketed to
individuals and institutions without admitting any wrongdoing…
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Economists say the second unexpected rebound in three months in the
United States pending home sales index is likely due to sales of
foreclosed homes. The June report from the National Association
of Realtors (NAR) defied expectations for a 1.0% decline and rebounded
5.3% in June, following the 4.9% loss of sales in May.
The bounce is better than […]