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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OTTAWA (MNI)
Canadian home sales rose the most in nearly three years in April, showing demand remains high even after the central bank's biggest rate-hike campaign in decades and warnings that borrowing costs will go even higher if inflation becomes sticky.
Sales climbed 11% on the month according to the Canadian Real Estate Association, the most since mid-2020 as some Covid restrictions eased, and also comparable with gains following the 2008 global financial crisis. Prices adjusted to reflect sales of similar properties rose 1.6%, slimming the 12-month decline to 12%. (See: MNI INTERVIEW: BOC Hike More Likely Near-Term Risk: McNeil)
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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