Global Markets: Toronto home sales increased by 18.5 per cent in May

By MarketsFarm

WINNIPEG, June 5 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally.

– The Toronto Real Estate Board reported that home sales increased by 18.9 per cent in May, up from the 15-year low reported in April. Listings only grew by 0.8 per cent. The tightening market resulted in a 3.6 per cent increase in the average selling price.

– A recent report from the United States Department of Labor showed companies added the fewest jobs in May since 2010. Private payrolls increased by just 27,000, according to data from the ADP Research Institute. According to a Bloomberg survey of economists, median estimates for May were around 185,000. This data adds to concerns of the U.S. economy slowing down.

– As the death toll in Sudan rose to at least 60, the country’s military has offered to renew talks with opposing groups. Opposition groups have pressured the army to give power to a civilian government since president Omar al-Bashir was ousted in April.

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