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PBoC: Downward pressure on the economy keeps increasing

  • Will step up counter-cyclical adjustment for the economy
  • Will continue to push real lending rates lower
  • Will promote capital replenishment for banks to increase lending capability

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17:38 09.12.2019
Canada posts firm housing starts data for November – RBC
Josh Nye, the senior economist at the Royal Bank of Canada (RBC), notes that the Canadian housing starts were little changed at 201,000 in November with the six-month trend still at a robust 219,000.“Housing starts held above the 200,000-mark for a sixth consecutive month in November and another solid month for permit issuance (in October) suggests home building will remain firm through the turn of the year.On a six-month trend basis, activity has come off multi-year highs in Quebec and BC,
17:21 09.12.2019
What to watch at this week's ECB meeting - ING
Carsten Brzeski, a Chief Economist ING Germany, suggests that, with the eurozone economy somewhat stabilizing and inflation still quite far off the ECB’s target, there are hardly any economic arguments for Europe's central bank to adjust its monetary policy. "Judging from latest comments by senior ECB officials, a majority of the Governing Council seems happy with the current stance - any changes, even in the ‘soft’ communication, in our view would be a surprise.Even without any changes to
16:36 09.12.2019
Canada’s building permits unexpectedly fall in October
Statistics Canada announced on Monday that the value of building permits issued by the Canadian municipalities fell 1.5 percent m-o-m in October, following a revised 5.9 percent m-o-m drop in September (originally a 6.5 percent m-o-m decrease).Economists had forecast a 3.0 percent gain in October from the previous month. According to the report, the value of residential permits declined 3.2 percent m-o-m in October, as permits for multi-family dwellings decreased by 3.4 percent m-o-m, and
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