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Canada's Home Resale Market Gets a Bump in May
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Canada's resale housing market improved again in the month of May, on a thirteen-month roll. Home resale prices posted their largest gain in May, 1.3 percent according to the Teranet-National Bank Composite House Price Index, since the gains witnessed last September. Nonetheless, cautious optimism seems to be the prevailing sentiment:
"It is too early to conclude that the relatively vigorous prices rises of April and May mark the beginning of a trend," concluded the Teranet report.
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Futures & Options
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| Contract | Close | Change | Volume | Open Int | |
| JUL10 | 198.00 | + UNCH | ---- | 8 | |
| SEP10 | 200.30 | - 770 | 422 | 5889 | |
| NOV10 | 206.60 | - 840 | 205 | 2563 | |
| JAN11 | 226.30 | - 820 | 28 | 212 | |
| MAR11 | 238.00 | - 500 | 1 | 14 | |
| MAY11 | 248.00 | - 400 | ---- | 3 | |
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Widman's Market Update
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The stock market’s rally was halted yesterday by news that consumers have grown more pessimistic this month. Stocks generally fell modestly after three days of big gains. The Dow Jones gained slightly, up 12.26 points to 10,537.69. The Toronto Stock Exchange’s S&P/TSX closed down 29.38 points at 11,716.69 after a day of choppy trade. ...Click here to read the rest of this article.
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