The U.S. Employment Report for July’s nonfarm payrolls was a
“marginal surprise” and weakness in the labour market
could keep the Fed on hold for some time, according to former St. Louis
Fed Chief William Poole in an interview with Bloomberg Television on
Friday.
The Housing Assistance Act of 2008, finally passed by
both houses of Congress and signed into law by President Bush this week,
contains some not-to-pleasant surprises for the unwary taxpayer according
to an article by Eva Rosenberg published this week in MarketWatch.
U.S. nonfarm payrolls declined for the seventh
straight month, falling less than expectations by a total of 51k jobs in
July, according to the Bureau of Labor Statistics on Friday. June’s
decline was revised to a loss of 51k jobs from an initially reported loss
of 62k jobs.
OTTAWA, Ontario, August 31, 2008 — Canada Mortgage and Housing Corporation (CMHC) today announced that the Canada Mortgage Bonds (CMB) Program will be expanded to include a CMB with a 10-year maturity.
“In the past year, when mortgage lending institutions across many countries have faced liquidity and funding challenges, Canada’s CMB Program has provided cost-effective funding …