Economy

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US pending home sales from the National Association of Realtors in June show the first gain in four months. With the stock market at all time highs and in some regions home prices at new highs home sale volumes have concerned many. 

Canadian inflation continues weak as Bank of Canada Chief Poloz addressed as being the result of temporary measures this week. Headline inflation is the lowest since Oct 2015, on the core there is some strength. 

UK inflation rate has fallen to 2.6% in June, down from 2.9% in May.
Pound falls

Canadian home sales fell 6.7% further in June 2017 with the largest monthly decline since June 2010 according to the CREA.

The IMF issued their annual country Article IV review of France, timely following President's Trump and Macron meeting in Paris over Bastille Day. The IMF tone was positive, if not hopeful for France moving forward.

It was a fail with key inflation, retail sales ans consumer sentiment all missing consensus expectations. The only bright spot was industrial production and capacity utilization.

IMF Is out with its U.S. Article IV Press Briefing, its view on the U.S. economy and its prescriptions for improvement.  Lower forecasts put the IMF in-line with the Fed.

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