WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– Statistics Canada reported on Monday that manufacturing sales dropped 0.8 per cent to C$71.8 billion in June, compared to a 1.1 per cent decline in May. Sales in the petroleum and coal industry fell 7.8 per cent in June, while wood product sales and aerospace products and parts sales lost 7.2 per cent and 16.8 per cent, respectively. Sales of motor vehicles rose 13.8 per cent.
– The average resale home price in Canada dropped by 5.4 per cent month-by-month in July and 4.5 per cent from a year ago, according to data from the Canadian Real Estate Association (CREA) released on Monday. The national average selling price declined to C$629,971 in July, 22.9 per cent less than February’s peak. The CREA home price index was down 1.7 per cent month-by-month in July, but was up 10.9 per cent annually.
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– The Medicines and Healthcare Regulatory Agency in the United Kingdom approved an updated version of Moderna’s COVID-19 vaccine on Monday which targets both the original strain and the Omicron BA.1 variant. The U.K. has become the first country in the world to approve the “bivalent” vaccine, which will be used as an adult booster shot. Both Moderna and Pfizer are attempting to update their vaccines, but the United States Food and Drug Administration (FDA) said it would not approve an updated vaccine unless it targets the now-dominant BA.4 and BA.5 variants.
