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How housing is helping immigrant families close the wealth gap

The recent slump in real estate sales and prices in Canada has led some to question whether housing remains a good investment. For immigrant families in Canada, the stakes may be particularly high.That’s because new research from Statistics Canada shows that investment in housing by immigrant families has been a major factor in helping them…



American manufacturing is in danger of entering a mild recession this year

American manufacturing is in danger of entering a mild recession this year

Jeff J Mitchell/Getty US industrial production fell 0.6% in January, compared with expectations for a slight increase.  Manufacturing activity showed particular weakness, dragged down by falling motor vehicle output. The sector is expected to continue to decline, economists say, potentially entering a mild recession this year. A measure of factory output unexpectedly fell at the…


Jobless rate drops to 5 per cent in December, beating forecasts

Jobless rate drops to 5 per cent in December, beating forecasts

A fall in full-time jobs has been offset by a surge in part-time workers, with a total of 21,600 jobs being added to the economy in December, beating economists forecasts.The unemployment rate ticked down 0.1 per cent to 5 per cent from November to December, in seasonally adjusted terms, according to the Australian Bureau of…


Economists hope labour market will offset consumer spending concerns

Economists hope labour market will offset consumer spending concerns

CBA senior economist Kristina Clifton agreed the central bank will pay close attention to the employment data.”One of the things that the RBA has been saying is that one of their risks to the outlook comes down to consumer spending and how households are managing,” said Ms Clifton.In an environment of falling dwelling prices and…