Investment in building construction plunged 45.9 per cent to $8.4 billion in April compared with the previous month, reported Statistics Canada on Monday.
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Monthly Archives: June 2020
Oil Prices Will Hit $50 Before The End Of The Year
Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten. On Friday, Brent closed at $42.19, up by 8.20 percent w/w, while WTI closed at $39.75, up by 9.03 percent w/w. Furthermore, the 1-2 month Brent spread flipped into backwardation for the first time since the third of March which is a major sign of tightening supplies resulting from OPEC+ cuts.
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Bank of Canada sees weak demand putting ‘downward pressure’ on inflation
The COVID crisis should destroy once and for all the notions that interest rates can be set by math alone.
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Big jump in Canadian confidence bodes well for recovery
As Canadian provinces move further ahead with their reopening plans, consumer confidence is following along.
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Council approves temporary COVID-related borrowing bylaw
Red Deer city council has given its final approval of a temporary, short-term borrowing bylaw to help sustain municipal operations during the COVID-19 pandemic.
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RMWB gets nearly $6.4 million in federal gas tax funding for infrastructure projects
The federal government is giving municipalities their gas tax funding earlier than expected, with nearly $6.4 million going to the municipality for infrastructure projects.
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Bye $600 jobless benefit, eviction reprieve, cash for small firms. COVID-19 relief ending.
The extraordinary safety net that has buoyed financially stressed Americans during the coronavirus pandemic is starting to fray.
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Lockdown sees rental listings rise as demand crashes for Airbnb
According to newly released figures, demand for Airbnb accommodation has slumped, resulting in rental listings surging across UK cities.
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Real estate fair goes virtual
To satisfy the market’s demand during the COVID-19 pandemic, Shweproperty.com’s real estate sales event will be held online, according to the company’s founder director U Kaung Thu Win.
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Commercial real estate investors planning market re-entry in Asia-Pacific — CBRE
KUALA LUMPUR (June 22): As lockdowns in most countries in Asia-Pacific come to an end, commercial real estate investors are gradually shifting from asset management and rental abatement to planning market re-entry, according to CBRE’s Capital Market Viewpoint report titled “New buying opportunities whet investor appetite”.
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