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Weekly Economic Perspective

US Existing Home Sales Now Below Covid Lows

Chief Economist
Investment Strategist

The Economy

  • US existing home sales lowest since 2010.
  • Canada’s inflation eases unexpectedly.
  • UK consumer confidence weakens.
  • German business sentiment improves.
  • Underlying price pressures remained strong in Japan.
  • Aussie labor market continues to cool.

Spotlight On Next Week

  • The BoC and ECB are both likely to hold rates steady at their upcoming meetings.
  • Tokyo CPI to renew pressure on the BoJ to act.
  • Aussie inflation set to rise sequentially in Q3.

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