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Daily Archives: June 3, 2025
Rising stocks and contracting economies–foreboding financial setup
China’s Caixin purchasing managers’ index unexpectedly fell in May to 48.3 (sub-50 signals contraction) as US tariffs took a toll on smaller exporters. The consensus had expected the gauge to improve, not worsen. At the same time, US manufacturing activity … Continue reading
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GTA new home prices back to 2021 levels–still unaffordable
Demand for new homes across the Greater Toronto Area (GTA) has reached unprecedented lows. Only 310 new homes were sold in April, down 72% from last year and 89% below the 10-year average. It was the weakest month on record, … Continue reading
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