USA and Canada Intelligence Brief for Tuesday: US housing starts collapsed to a five-year low as high rates bit hard, handing the Fed fresh evidence of a cooling economy on the eve of its decision, even as Canada's recession call was walked back.
US homebuilding fell to its lowest level in five years last month. High borrowing costs are freezing new construction.
The slump lands as the central bank meets, with its decision due tomorrow. In Canada, the talk of recession is quietly fading away.
Today’s USA & Canada Intelligence Brief covers the two economies’ finance, markets, jobs, and policy. We pulled it together from US and Canadian sources, and we have kept it to home affairs.
United States — Building Grinds To A Halt
A Five-Year Low
USA & Canada Intelligence Brief for Monday: Canada has slipped into a technical recession, making Wednesday's rate decision a…
USA & Canada Intelligence Brief for Friday: a US jobs report more than doubled forecasts, all but ending hopes of interest-rate…
USA & Canada Intelligence Brief for Thursday: US wholesale prices jumped 6.5%, the biggest annual rise since 2022, while Canada's…
USA and Canada finance brief: headline PCE inflation hits 3.8% (highest since 2023) while soft monthly core offers easing hope,…
USA & Canada Intelligence Brief for Wednesday: US inflation hit 4.2% but its core cooled, the Bank of Canada held rates a fifth…
USA & Canada Intelligence Brief for Wednesday: US private hiring beat forecasts in May while services growth slowed; Prime…
