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Global Economy

Canadian Building Permits MoM (May) M/M -1.7% vs. Exp. 0.5% (Prev. -7.6%)

StockNow breaking-news AI analysis

May building permits fell -1.7%, missing expectations. Despite prior rate cuts, the housing market remains sluggish due to population declines and wait-and-see sentiment regarding BoC's 2.25% interest rate.

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Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

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U.S. Economy

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