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July 2014 U.S. Economic Fundamentals

Ally

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News articles for July 2014.
 

Ally

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Canadians may no longer be top foreign buyers of U.S. real estate





Alain Forget, the head of sales and business development at RBC Bank, is watching to see whether Canadians retain their top spot in the rankings of international buyers of U.S. properties this year.





The data, which come from the National Association of Realtors south of the border, have been slightly delayed but are expected to be released in early July. They will detail purchases between March last year and March, 2014.





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Ally

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Recession fears loom over U.S.





The Canadian economy will be overshadowed this week by economic and employment data in the United States. Nothing too unusual there.





But one of North America's most noted forecasters is raising the spectre of the world's biggest economy actually falling back into recession, at least technically. "I'm saying it's a possible," Gary Shilling, the Wall Street analyst known for his often-contrarian predictions, many of which have proven correct, told the Financial Post. "These numbers are kind of in the lap of the gods, to a certain extent."





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