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Ottawa is targeting a reduction in the non-permanent resident share of the population, from a peak of 7.6% to 5%, signalling further outflows ahead. Those temporary foreign workers and international students had previously absorbed significant rental supply across the country. Rental supply flood The timing could hardly be more consequential. That demand pullback has arrived precisely as…
The Central Board of Direct Taxes (CBDT) has notified the Cost Inflation Index (CII) for FY2026-27 at 384. The CBDT said that this CII will apply to the tax year 2026-27, on and from April 1, 2026, and to subsequent tax years, according to a gazette notification issued by the Ministry of Finance on Wednesday….
Many tech executives have their signature look, like Meta CEO Mark Zuckerberg’s t-shirts and hoodies, and Apple cofounder Steve Jobs’ turtleneck, and Huang, the Nvidia CEO’s, happens to be very expensive leather jackets. He’s nearly always seen in them, and many of the leather jackets in his wardrobe cost several thousand dollars a pop. But…
Pending home sales declined in June as elevated mortgage rates and record-high home prices continued to weigh on buyer demand. The National Association of Realtors’ Pending Home Sales Index (PHSI), which tracks signed contracts on existing homes, fell 5.4% from May and was down 0.3% compared with a year earlier. The latest report suggests affordability…
MORRISTOWN, N.J., July 17, 2026 /PRNewswire/ — On July 16, 2026, Jersey Central Power & Light Company (“JCP&L” or the “Company”), a subsidiary of FirstEnergy Corp., announced an offer to exchange up to $350 million aggregate principal amount of its outstanding unregistered 4.600% Senior Notes due 2030 (the “Outstanding Notes”) for a like principal amount…
Residential construction rebounded in June as housing starts and completions recovered from May’s unusually weak levels, though building permits continued to trend lower. The latest Census Bureau data suggests that while builders remain cautious about future projects, construction activity itself regained momentum after last month’s sharp pullback. Privately owned housing starts jumped 19.0% to a…
The good news is that mortgage rates ended the day at their lowest levels of the week. That’s welcome news after Monday’s rates matched the highest seen since July 2025. Today’s improvement came courtesy of weakness in the stock market, which is not necessarily a common or reliable source of inspiration for rates these days….
The week was marked by growing scrutiny of the retail prop trading industry after a commercial dispute between a platform provider and one of its clients sparked broader debate about infrastructure dependence and operational resilience. Elsewhere, brokers continued to broaden their product offerings, financial results reflected active trading conditions during the first half of the…
The Puget Sound retail market entered 2026 with relatively stable fundamentals, supported by resilient consumer spending and improving foot traffic, according to a recent report by Kidder Mathews. While demand remains healthy overall, retailers have become more selective as slower job growth and ongoing cost pressures influence expansion decisions. Following a softer 2025, market conditions…