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MARKETS LIVE BLOG:

STOCK FUTURES HIT PAUSE WITH FED IN FOCUS, AMAZON EARNINGS ON DECK

Prospect of rate cuts has fallen dramatically since the start of 2024, helping drive up Treasury yields

Canada home sales rise for second straight month in April: CREA

Reuters
FILE PHOTO: A builder works on the the roof of a new home under construction in the Montreal suburb of Brossard August 10, 2010. REUTERS/Shaun Best

TORONTO (Reuters) - Canadian home sales rose 3.6 percent in April from the previous month, adding to the sector's recovery after sales in February hit the lowest since 2012, the Canadian Real Estate Association said on Wednesday.

The industry group said actual sales, not seasonally adjusted, rose 4.2 percent from a year earlier, while the group's Home Price Index was down 0.3 percent from April last year.

(Reporting by Fergal Smith)