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July 16, 2024

Canada’s housing starts plummet 9% in June

ISTANBUL: Housing starts in Canada plummeted 9% in June, compared to the previous month, according to Canada Mortgage and Housing Corporation (CMHC) figures released Tuesday.

Housing starts stood at 241,672 units in June, down from 264,929 units in M…

US business inventories rise 0.5% in May

ISTANBUL: US business inventories increased 0.5% to $2,558.5 billion in May, according to Commerce Department figures released Tuesday.

The figure came in higher than expectations of a 0.4% increase.

The figure for April was revised up from $2,545.2…