Accounting Scandals
- Submitted by: Helen1234
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- Category: English
- Date Submitted: 11/21/2010 08:45 AM
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Summary of “Canadians' rapid debt accumulation to slow next year as housing market cools”
In the news “Canadians' rapid debt accumulation to slow next year as housing market cools”, the writer reports that low interest rates and an active housing market accelerate the accumulation of Canada's total residential mortgage debt this year. Recent housing market data shows a downturn in the market. There is lesser activity in resale home market. Home builders also reduce construction activity to avoid falling demand in houses. The cooling real-estate market decelerates the growth of the accumulation of Canada’s residential mortgage debt. The Central Bank will in increase interest rates in the middle of next year. A survey indicates about 84 percent Canadians could afford at least a $ 300 0rm 30 percent increase in their monthly mortgage payment, the average monthly mortgage payment is about $ 1,025.
Reasons for choosing this article:
1) This article reflects the recession of the Canada economy
2. This article mirrors the slowdown of the Canadian housing market
3. This article shows the worry of the Canadian about the increase of the interest rate
4. This article implies how the global economy recession affects the economy of Canada
Summary of “Economy gets modest boost from stronger U.S., steady Canadian job creation”
In the news“Economy gets modest boost from stronger U.S., steady Canadian job creation” the writer mentions that the Canadian and U.S increasing employment rate indicates a slight recovery of North American economy. The U.S. economy affect significantly on Canada’s economy. 151,000 new jobs created in the U.S in October though the unemployment rate remains at 9,6 percent. The U.S government plan to inject an additional US$ 600 billion into the economy. The addition of extra money indicates the economy recovers slightly but it is still far from fully recovered. In Canada, the new creation of 3000 job in October make Canada’s unemployment rate...
In the news “Canadians' rapid debt accumulation to slow next year as housing market cools”, the writer reports that low interest rates and an active housing market accelerate the accumulation of Canada's total residential mortgage debt this year. Recent housing market data shows a downturn in the market. There is lesser activity in resale home market. Home builders also reduce construction activity to avoid falling demand in houses. The cooling real-estate market decelerates the growth of the accumulation of Canada’s residential mortgage debt. The Central Bank will in increase interest rates in the middle of next year. A survey indicates about 84 percent Canadians could afford at least a $ 300 0rm 30 percent increase in their monthly mortgage payment, the average monthly mortgage payment is about $ 1,025.
Reasons for choosing this article:
1) This article reflects the recession of the Canada economy
2. This article mirrors the slowdown of the Canadian housing market
3. This article shows the worry of the Canadian about the increase of the interest rate
4. This article implies how the global economy recession affects the economy of Canada
Summary of “Economy gets modest boost from stronger U.S., steady Canadian job creation”
In the news“Economy gets modest boost from stronger U.S., steady Canadian job creation” the writer mentions that the Canadian and U.S increasing employment rate indicates a slight recovery of North American economy. The U.S. economy affect significantly on Canada’s economy. 151,000 new jobs created in the U.S in October though the unemployment rate remains at 9,6 percent. The U.S government plan to inject an additional US$ 600 billion into the economy. The addition of extra money indicates the economy recovers slightly but it is still far from fully recovered. In Canada, the new creation of 3000 job in October make Canada’s unemployment rate...