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CREA lowers housing forecast again

July 30, 2010

The number of resale homes sold in Canada is forecast to hit 459,600 in 2010, a 1.2 per cent decline from last year’s level.


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Suspected pirate attack foiled on US cargo ship

Iran and an American-led naval coalition each said Thursday they responded to a distress call by a U.S.-flagged cargo ship that came under fire from gunmen in the Gulf of Oman a day earlier.

Rich-poor divide reopens at UN climate talks

U.N. climate talks ran into gridlock Thursday as a widening rift between rich and poor countries risked undoing some advances made last year in the decades-long effort to control carbon emissions that scientists say are overheating the planet.

Exclusive: Many Fidelity clients have Facebook problem: source

NEW YORK (Reuters) - Fidelity Investments is working with "thousands" of brokerage clients affected by trading problems in Facebook Inc, according to a source familiar with the situation. The much-anticipated social media site's initial public offering has been steeped in controversy since it started trading on Friday. Much of the ...

US 30-year mortgage rate falls to record 3.78 pct.

The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year.

Dow wins $2.16B in Kuwaiti dispute

Dow Chemical has been awarded $2.16 billion in damages by an international arbitration court over for a Kuwaiti joint venture that collapsed four years ago as the global recession took hold.

Stocks open weaker as Europe summit disappoints

Stocks edged lower in early trading Thursday after a European economic summit delivered no concrete solutions for the region's debt troubles.

News Corp. lobbyist testifies on UK govt contacts

A lobbyist for Rupert Murdoch's News Corp. testified Thursday that he thought a U.K. government minister knew that one of his aides was providing Murdoch's company with information on its bid to take over the British Sky Broadcasting satellite network.