The number of resale homes sold in Canada is forecast to hit 459,600 in 2010, a 1.2 per cent decline from last year's level.
Chrysler says it will add nearly 900 jobs early next year at a factory in suburban Detroit that makes midsized cars.
AP - Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism that consumers will embrace its redesigned midsize sedans.
The Euro crosses are mixed while the Yen crosses show signs of topping.
AP - Defying an emergency government order, Greek truck drivers vowed Friday to press ahead with a strike that has halted fuel supplies across the country and is hurting tourism during the peak summer season.
U.S. News & World Report - The reverse mortgage industry, hammered for high fees and high pressure sales tactics, has steadily improved its procedures and its image. Loan fees and interest rates have been lowered, consumer disclosure has improved, and the federal government's insured reverse mortgage program has provided stability and credibility to the industry. A-list lenders have expanded their presence in the market; Wells Fargo and Bank America are the nation's top two reverse mortgage lenders.
Alberta continued to have the country's highest average weekly earnings among the provinces in May, despite a dip from the month earlier, Statistics Canada reported Friday.
Reuters - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.
Reuters - Consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey released on Friday showed.
Light Crude Technicals for July 30th
