Canadian inflation clocked in at a higher than expected
2.6% for January, led by food and fuel. It’s the second monthly increase in a
row. The price of gasoline is up 2.6% from January and nearly 9% from a year
ago. Even with the volatile elements of food and energy removed, core inflation
stepped-up two notches to 2.3%.
In the U.S., new home sales in February fell for the
third straight month. Prices, though, climbed to their highest level in 8
months. February sales dropped a seasonally adjusted 1.6% last month to 313,000
homes. The median price now stands at $233,700. The numbers suggest builders
are anticipating higher demand in the coming months.
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