_Economy and Finance

http://business.financialpost.com/2013/12/11/remax-forecasts-exceptionally-healthy-real-estate-market-in-2014/ Re/Max forecasts ‘exceptionally healthy’ real estate market in 2014 Canadian Press | December 11, 2013 7:40 AM ET More from Canadian Press MISSISSAUGA, Ont. — Canada can expect an “exceptionally healthy” housing market in 2014 thanks to improvements in the overall economy that helped produce a surge in the latter half of this year, a leading real estate group said Wednesday.

Canada's Harvest drilling finds 5.9 mln bbls oil reserve - KNOC SEOUL, Sept 29 | Sun Sep 29, 2013 5:33am EDT (Reuters) - State-run Korea National Oil Corp (KNOC) said on Sunday its loss-making subsidiary Harvest Operations had found at least 5.9 million barrels of crude oil in a Canadian well where it began drilling earlier this month. http://www.reuters.com/article/2013/09/29/knoc-korea-canada-idUSL4N0HP07A20130929

Oil and gas industry facing ‘a roller-coaster ride’ JOSH O’KANE The Globe and Mail Thursday, Feb. 21 2013, 6:00 AM EST Canada is home to the world’s third-largest proven oil reserves and is the sixth-largest producer of oil. But global economic conditions are pressuring fuel prices worldwide, and Canada’s oil and gas sector has the added frustration of a deficit in infrastructure that, among other things, is driving the price of western Canadian oil down by nearly $25 from benchmark West Texas Intermediate crude. http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/oil-and-gas-industry-facing-a-roller-coaster-ride/article8900814/

Bloomberg Service Industries in U.S. Kept Expanding in March: Economy By Alex Kowalski - 2012.04.04 12:42 PM Service industries in the U.S. grew in March, capping the strongest quarter in a year and indicating the world’s largest economy will keep generating jobs.

Bloomberg Hedge Funds Make Wrong-Way Bets for a Fourth Week: Commodities By Joe Richter - Mar 25, 2012 9:21 PM Hedge funds wagered the wrong way on commodity prices for a fourth consecutive week, boosting bullish holdings just before reports showing a contraction in manufacturing from China to Europe drove prices lower.

Eco Analysis - Canada GDP: Energy sector lifts August growth (R. Narvas) ■ Better than expected Economic activity in August surprised to the upside rising 0.3%m/m and there was an added bonus with the previous month revised one tick higher to 0.4% m/m. GDP Y/Y rose to 2.4% from 2.3%.

Bloomberg: Sales of Existing U.S. Homes Probably Fell as Lack of Jobs Hurt Confidence By Bob Willis - 2011.10.19 09:00 PM Sales of existing U.S. homes probably fell in September, extending a pattern of gains and losses that shows the industry is being buffeted by a lack of jobs and confidence, economists said before a report today.

Related News: Bloomberg, Canada, Retail, Economy, Currencies, Italy, Municipal Bonds, US Cut in Household Spending Points to Recession By Shobhana Chandra and Steve Matthews - Aug 11, 2011 04:01 AM GMT Recession signals in the world’s largest economy are flashing red again.

Related News: Economy · Insurance · Canada · Japan · U.K. & Ireland · Stocks Profits Seen Increasing Jobs as Earnings in U.S. Grow Fastest Since 1940s By Shobhana Chandra - Jun 13, 2011 8:01 AM GMT+0900 Profits at American companies are poised to be one of the few bright spots in the U.S., helping to steady the faltering recovery.

Related News: Economy · Asia · China · Finance · Real Estate · Africa · Canada · Europe · Latin America · U.S. · Bonds · Currencies · Middle East · Japan · U.K. & Ireland · Insurance · Funds · Commodities · India & Pakistan ‘Perfect Storm’ May Threaten Global Economy By Shamim Adam - Jun 13, 2011 8:58 AM GMT+0900 A “ perfect storm ” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.

Related News: Economy · Asia · Europe · Japan · U.K. & Ireland · U.S. · Currencies · Funds · Insurance · Middle East · France · Canada Risk Rally Ending for Currencies Turns Focus to New Least Ugly-Alternative By Catarina Saraiva and Allison Bennett - May 23, 2011 1:08 PM GMT+0900 The best-performing currencies of 2011 are falling out of favor as the Federal Reserve plans its exit from record monetary stimulus just as the global economy shows signs of slowing, buffeting commodities and stocks.

Related News: U.S. · Commodities · Canada · Latin America U.S. Wheat Harvest May Be Worse Than Forecast By Whitney McFerron - May 18, 2011 5:37 AM GMT+0900 Wheat crops in the U.S. Great Plains are showing signs that production may plunge more than the government forecast last week as hot weather and a lack of rain erode plant quality and force farmers to harvest early.

Related News: Canada · Commodities · Middle East · Australia · New Zealand Gold Rises Above $1,500 to Record on Weaker Dollar, Inflation By Pham-Duy Nguyen - Apr 21, 2011 3:53 AM GMT+0900 Gold futures rose to a record for the ninth time this month as a weakening dollar boosted investment demand for the precious metal as an alternative asset. Silver topped $45 an ounce for the first time since 1980.

Related News: U.S. · Real Estate · Economy · Canada · Municipal Bonds · Currencies Home Prices, Consumer Confidence in U.S. Probably Fell By Alex Kowalski - Mar 29, 2011 1:00 PM GMT+0900 Residential real estate prices probably dropped in January by the most in more than a year, raising the risk that home sales will keep slowing, economists said before a report today.