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In Canada, February inflation rose to +2.6% annually, exceeding the +2.2% forecast and previous 1.9%
Canada’s CPI rose 2.6% year-on-year in February 2025, exceeding expectations, with gasoline prices increasing 5.1%.
In February, the change in United States building permits fell from 0.1% to -1.2%
Building permits in the U.S. dropped from 0.1% to -1.2%, signaling reduced new construction activity.
Bessent stated that all options concerning Chinese investments remain open, with potential tariffs on various countries
US may block outbound China investments, adjust tariffs, and reconsider Russian sanctions; economy remains healthy, says Bessent.
In February, housing starts in the United States rose to 11.2%, reversing a previous decline
Housing starts rose 11.2% in February, gold neared record levels, and USD strength pressured major currencies.
Housing starts in the United States exceeded forecasts, reaching 1.501 million instead of 1.38 million
