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Fewer home sales in BC and Ontario in July

The Canadian Real Estate Association (CREA) says national home sales activity continued to trend down in July 2010. The decline was almost entirely the result of fewer sales in British Columbia and Ontario. A slowdown in demand in these two provinces had been widely expected in July, as many purchases were brought forward into the first half of the year in advance of the introduction of the HST. Read more:

US “unusually uncertain”, Canada to raise rates

RBC’s Financial Markets Monthly Report says that the pace of economies around the world slowed in the second quarter, and consistent with growing at a more sustainable pace after relatively positive performance during 1Q. Read more:

TSX little changed, gold miners rise

Toronto’s main stock index was little changed on Monday morning, getting support as gold miners rose with strengthening bullion prices following weaker-than-expected growth numbers from Japan. Read more: