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Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to financial stability among market participants and observers, according to the Federal Reserve.
Fifth Third Bancorp jumped the most in four months, leading bank stocks higher, with Chief Executive Officer Tim Spence predicting that income from lending has bottomed out.
China’s securities regulator said it will encourage the nation’s companies to list in Hong Kong as it unveiled a package of measures to bolster the city’s position as an international financial hub.
Hong Kong’s accounting regulator said it will investigate allegations over PricewaterhouseCoopers LLP’s role auditing China Evergrande Group following a “whistleblower report”.
Hudson Bay Capital Management has raised over $800 million to invest in so-called special opportunities, according to a person with knowledge of the matter.
Sep 8, 2016
The Canadian Press
OTTAWA -- Statistics Canada says municipalities issued building permits worth $6.5 billion in July, up 0.8 per cent from June.
The agency says the rise was due to increased plans for institutional and industrial buildings as gains in the non-residential sector offset a drop in residential permits.
The non-residential sector climbed 5.6 per cent to $2.4 billion.
The value of permits for institutional buildings rose 9.6 per cent to $740 million, while the value of permits for industrial buildings gained 17.1 per cent to $418 million. The value of commercial building permits rose 0.3 per cent to $1.3 billion.
Meanwhile, the value of residential building permits was down 2.0 per cent to $4.0 billion in July, the fourth consecutive monthly decrease.
The value of permits for single-family buildings fell 3.0 per cent to $2.4 billion, while plans for multi-family buildings slipped 0.4 per cent to $1.7 billion.
