Permits for future construction slipped 0.4 percent to a 1.14 million-unit rate last month as approvals for the volatile multi-family homes segment tumbled 7.2 percent to a 402,000 unit-rate. Permits for single-family homes, the largest segment of the market, surged 3.7 percent to a 737,000-unit pace.
Running the U.S. Federal Reserve has never been an easy job, and the degree of difficulty is only getting higher. Eight years after the crash, the economy is sending confusing signals, and the Fed’s policy makers aren’t sure what they mean. That’s awkward when the one thing investors want from this week’s interest-rate decision is clarity.
Canada’s main stock index rose on Monday as higher oil prices boosted the stocks of energy companies, while big banks also gained as investors bet that the U.S. Federal Reserve will hold rates steady this week.
Next Trading Day's Important Events
- USDJPY: 101.82
- EURUSD: 1.1178
- S&P 500: 2,139.12
- NASDAQ : 5,235.03