The current pace of jobless claims is relatively low
compared to the previous recession, some economists say. However, others
note that the rise in continuing claims is consistent with a higher
unemployment rate than its current 5.0%, suggesting more trouble in the
labour market than the latest figures might indicate.
The Federal Reserve and Federal Trade Commission proposed new rules on
Thursday which would require lenders to inform consumers
of unfavourable developments or changes to the terms of their loans.
OTTAWA, Ontario, May 08, 2008 — The seasonally adjusted annual rate1 of housing starts was 213,900 units in April, down from 243,000 units in March, according to Canada Mortgage and Housing Corporation (CMHC).