Bloomberg Canada’s trade sector unexpectedly recorded its largest surplus in more than six years on across-the-board increases in exports. The nation ran a surplus of C$1.4 billion ($1.1 billion) in January from a revised deficit of C$1.98 billion in December, Statistics Canada said in Ottawa. Economists were predicting a gap of C$1.4 billion. It marked the first time Canada has ...

Bloomberg UK house prices rose unexpectedly in February, continuing a surge fueled by a temporary tax relief on purchases and Covid-induced shifts in people’s lifestyles. Values increased 0.7% from January to an average of 231,068 pounds ($321,000), Nationwide Building Society said. They climbed 6.9% from a year ago, accelerating from the 6.4% pace registered a month earlier. Housing boomed last ...

Bloomberg Swedish house prices soared to the highest level ever recorded, as a growing number of people make use of unprecedented central bank stimulus to upgrade into bigger homes. “From a credit perspective, one can only conclude that the market has been gripped by hysteria, which is connected to central banks pumping money into the system,” said Carl Johan Lagercrantz, ...