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News Wrap | Scott Dawson
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Housing Starts decreased in July

The seasonally adjusted annual rate of housing starts was 189,200 units in July, according to Canada Mortgage and Housing Corporation (CMHC). The seasonally adjusted annual rate estimate of housing starts activity was revised up in June from 189,300 units to 192,300 units. This results in a month-over-month decrease of 1.6 per cent in July. Read more:

Prices of resale homes in Canada rising faster than new homes

Canadian housing prices are rising faster in the resale home market than on new homes, a report by Scotia Economics said Tuesday. Read more:

Canada Bonds Gain With US Treasurys After Fed Alters Policy

Canadian bonds ended higher Tuesday, but well down from the highs they hit after the U.S. Federal Reserve said it was altering its policy stance to ensure continued support to the struggling recovery. Read more: