Saudi Arabia Is Making a High-Risk $1 Trillion Bet on Tourism
The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
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The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
Jury selection was completed Friday for Donald Trump’s first criminal trial, setting the stage for opening arguments Monday in a New York case accusing the former president of falsifying business records to conceal a sex scandal before the 2016 election.
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.
Aug 22, 2016
BNN Bloomberg
Housing construction investment in Alberta has hit its lowest level since the 2009 recession, while spending by the country as a whole is continuing on an upward trend thanks to the country’s housing markets, according to data released by Statistics Canada on Monday.
Construction spending in Alberta plunged 30 per cent in June to $641.3 million. Newfoundland and Labrador, Saskatchewan and Nunavut also spent less on new home construction in June compared to a year earlier.
At the national level, new housing construction rose nearly 9 per cent to $4.4 billion, thanks largely to activity in two red-hot markets.
Investment in British Columbia surged 33 per cent to $950.4 million, while home construction spending in Ontario soared 26 per cent to $1.8 billion.
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June 2015 to June 2016 (% change) |
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---|---|---|---|---|---|---|---|
Canada | 4,059.6 | 4,411.6 | 8.7 | ||||
Newfoundland and Labrador | 32.0 | 28.0 | -12.3 | ||||
Prince Edward Island | 7.9 | 8.4 | 6.6 | ||||
Nova Scotia | 54.3 | 56.9 | 4.7 | ||||
New Brunswick | 23.1 | 26.9 | 16.6 | ||||
Quebec | 655.1 | 689.4 | 5.2 | ||||
Ontario | 1,430.6 | 1,800.4 | 25.9 | ||||
Manitoba | 99.5 | 104.0 | 4.5 | ||||
Saskatchewan | 116.8 | 95.4 | -18.4 | ||||
Alberta | 915.9 | 641.3 | -30.0 | ||||
British Columbia | 714.6 | 950.4 | 33.0 | ||||
Yukon | 4.9 | 5.8 | 17.6 | ||||
Northwest Territories | 2.9 | 3.9 | 36.5 | ||||
Nunavut | 2.0 | 1.0 | -51.5 |
Source: Statistics Canada