Yuriy Ukazkin
According to Canadian Real Estate Association (CREA), the amount of home sales is expected to increase by 0.3% this year against 2011.
For reference sake, last year 457,3K homes were sold in Canada.
CRIA experts say that due to a decline in sales in Vancouver, Canada’s most expensive housing market, the average prices around the country will drop 1.1% down to 359,1K dollars. The previous forecast anticipated a tougher decline – 0.5%
Forex.
According to experts, USDCAD is still in long-term downtrend. Over the last few days the price has been fluctuating within the 1,0033-0,9859 range. The price will have to overcome the 0,9859 support in order to resume the downtrend. However, if the top of the range is broken, this will suggest the forming of wave C H8 in side wave A/B of Daily. In this case, the price may encounter resistance around 1.0054 and 1.0074.
Yuriy Ukazkin
