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News Wrap | Scott Dawson
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First Time Home Buyers Do Their Homework

Researching mortgage options. Getting pre-approved. Estimating utility costs. First time home buyers are savvy when it comes to shopping for a home – but are their aspirations too high? The majority of home buyers say they expect to pay less than the asking price and they prefer newer and detached homes to older and semi-detached homes or condos. This is according to the first TD Canada Trust Home Buyers Report which surveyed Canadians who have purchased their first home in the past 2 years or who intend to purchase a home in the next 2 years. Read more:

Two-thirds of Canadians Concerned About Rising Interest Rates

Optimism is on the upswing across the country with a majority of Canadians (67 per cent) believing the overall outlook for the economy is good (up from 54 per cent last quarter) and fewer experiencing job anxiety (20 per cent, down seven points from its height last November), according to the June RBC Canadian Consumer Outlook Index. Read more:

Ongoing pessimism sends TSX lower

The Toronto stock market moved lower near midday Monday with all key sectors losing some steam, partly due to U.S. markets being closed for the Independence Day holiday. Read More: