Bloomberg The biggest US homebuilders group urged the Biden administration to help increase lumber supply, saying record-high costs threaten to price potential home buyers out of the market and curb construction. The administration needs to remove import tariffs on Canadian lumber and urge producers to boost output, the National Association of Home Builders (NAHB) said on its website. In November, the ...

Bloomberg Economists revised their growth estimates for Canada higher this year, though the recovery is expected to lag the US. Canada’s economy is expected to expand 4.7% in 2021, according to Bloomberg’s latest monthly survey of analysts. That’s up from a previous yearly estimate of 4.4%. Growth in 2022 is seen at 4.1%, little changed from the January survey. The ...

Bloomberg Switzerland is sinking into recession because of business closures to combat the pandemic, according to economists surveyed by Bloomberg. While the nation has less-stringent rules on social distancing than neighbouring countries, shops, restaurants and leisure facilities are still closed at least until the end of February. The median forecast was for a 0.7% drop in GDP in final quarter ...