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Newswrap | | Aug 22 2008 VERICO News Wrap | Weakness in Canadian economy helping homebuyers | There is some good news in the falling housing market, affordability is improving.Desjardins Economic Studies says that after eight years of rising prices, housing costs are going down. "For the second quarter in a row we have had an increase in affordability," said Hélène Bégin, senior economist with Desjardins. | | Gary Marr, Canwest News Services | | | | | Canadian dollar posts big gain as oil prices rally |
Aug 21 The Canadian dollar rose well over 1 cent versus the U.S. dollar on Thursday as the price of oil surged and inflation data did not suggest a Bank of Canada interest rate cut on the horizon. | | Frank Pingue, Reuters | | |
| | | Canadian house prices: a regional picture | | Judging from the latest statistics, the Canadian housing sector remains fairly solid, particularly when compared with that of the United States, which is mired in a slump. That said, last month, a slight crimp appeared here, too. During June, the average selling price for existing homes fell by 0.4 percent compared to the same month the year before. The big question now is whether that little drop means anything. | | Peter Diekmeyer, Bank Rate.com | | | | | |
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