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Canada’s economy posts 3.3% growth in Q2 2022

  Bloomberg The Canadian economy accelerated in the second quarter as the nation benefited from surging commodity prices and got a boost from the lifting of Covid-19 lockdowns, though signs are emerging the momentum is waning. Gross domestic product rises at a 3.3% annualised rate after a 3.1% increase in the first three months of the year, Statistics Canada reported. ...

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Spain’s inflation slows but any retreat is likely to be gradual

  Bloomberg Spanish inflation eased for the first time in four months, though surging energy prices as Russia limits supplies before the winter mean the retreat from record highs will probably be slow. European Union-harmonised consumer prices rise as much as 10.3% from a year ago in August, down from July’s 10.7% increase, Spain’s statistics service said in a statement. ...

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US pending home sales decline in July

  Bloomberg US pending home sales fall in July for the sixth time this year to the lowest level since the start of the pandemic, extending the housing market’s sharp downturn as high borrowing costs sideline prospective buyers. The National Association of Realtors’ index of contract signings to purchase previously owned homes decreased 1% from a month earlier to 89.8, ...

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