It is always fun to report good news. Following are highlights from various news sources. More proof that the world is not coming to and end and in fact possibly off life support.
The (US) credit crunch is therefore easing and the Loan Officer survey is confirming what the stock market is already telling you-- that the worst is likely past us. Financial Post May 7, 2009
Although North American equity markets are up more than 30% during the current rally that shows few signs of stopping, most investors continue to call the run little more than a bear market rally. But a growing number of strategists on both sides of the border are sticking their necks out and pronouncing a new bull market has officially arrived. National Post, May 7, 2009
"The rise in demand, combined with fewer new listings, has restored a better balance to the market," Scotiabank analyst Adrienne Warren wrote in a new report on Canadian real estate trends.Ms. Warren noted a healthy pickup in home sales through the first part of the year, coupled with a drop in the national new-listings-to-sales ratio to 2.2 in March from a peak of 2.7 last November as reason for cautious optimism. Financial Post, May 6, 2009
The labour market added 35,900 jobs in April, a small increase but one that puts an end to months of steep declines. And while self-employment accounted for the gain, there were signs of stability in manufacturing and construction employment – two of the sectors most hurt by the recession.Globe and Mail, May 7, 2009
While data on U.S. employment capped off the week, the week kicked off with data on pending home sales - a leading indicator for U.S. existing home sales. Pending home sales beat expectations, increasing by 3.2% in March.Conditions in the housing market remain ground zero for an economic recovery and even secondary indicators like pending home sales are watched with interest. TD " Weekly Bottom Line" May 8, 2009
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