Canada’s CPI rose 1.9% year-over-year in August, up from a 1.7% increase in July.
News in end use
Canadian Prime Minister Mark Carney Announces Build Canada Homes Agency
Prime Minister Mark Carney unveiled Build Canada Homes, a CA$13 billion agency to expand affordable housing and ease risks in development.
Canadian Existing-Home Sales Post Best August in Four Years
Canadian home sales rose 1.1% in August, marking the best August since 2021, CREA reported.
Value of Canadian Building Permits Edges Down in July
The total value of Canadian building permits edged down 0.1% to $11.9 billion in July, although residential construction intentions increased.
US Commercial and Multifamily Mortgage Delinquency Rates Increase in Q2
The delinquency rate for commercial mortgages increased across most major capital sources in Q2, MBA reported.
University of Michigan Releases Preliminary Results of Its Consumer Sentiment Index for September
The Index of Consumer Sentiment declined to 55.4 in September, down 4.8% from August and 21.0% lower than a year ago, the University of Michigan reported.
US Consumer Price Index Rises 2.9% Year-Over-Year in August
The Consumer Price Index for All Urban Consumers rose 0.4% in August on a seasonally adjusted basis and 2.9% year-over-year.
US Mortgage Rates Decline in the Week Ending September 11
The 30-year fixed-rate mortgage averaged 6.35%, down from 6.50% in the previous week, Freddie Mac reported.
US Mortgage Credit Availability Edges Up in August
The MBA Mortgage Credit Availability Index rose 0.1% to 104.0 in August.
US Weekly Initial Jobless Claims Jump in the Week Ending September 6
The advance figure for seasonally adjusted initial unemployment claims was 263,000, an increase of 27,000 from the previous week.