Advertisement
Canada markets close in 25 minutes

  • S&P/TSX

    22,320.61
    -55.22 (-0.25%)
     

  • S&P 500

    5,222.88
    +8.80 (+0.17%)
     

  • DOW

    39,526.11
    +138.35 (+0.35%)
     

  • CAD/USD

    0.7316
    +0.0005 (+0.06%)
     

  • CRUDE OIL

    78.38
    -0.88 (-1.11%)
     

  • Bitcoin CAD

    82,886.40
    -2,349.59 (-2.76%)
     

  • CMC Crypto 200

    1,257.02
    -100.99 (-7.44%)
     

  • GOLD FUTURES

    2,371.80
    +31.50 (+1.35%)
     

  • RUSSELL 2000

    2,057.77
    -15.87 (-0.77%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • NASDAQ

    16,340.84
    -5.42 (-0.03%)
     

  • VOLATILITY

    12.60
    -0.09 (-0.71%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • CAD/EUR

    0.6789
    +0.0011 (+0.16%)
     
MARKETS LIVE BLOG:

STOCKS MIXED AS DOW EYES GAIN FOR 8TH STRAIGHT SESSION

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Pending home sales give hopeful sign for U.S. housing market

Reuters
A home for sale sign hangs in front of a house in Oakton, on the day the National Association of Realtors issues its Pending Home Sales for February report, in Virginia March 27, 2014. REUTERS/Larry Downing (Reuters)

WASHINGTON (Reuters) - Contracts to purchase previously owned U.S. homes rose to their highest level in 1-1/2 years in February, a sign the lackluster recovery in the U.S. housing market could be accelerating.

The National Association of Realtors on Monday said its pending home sales index rose 3.1 percent last month.

Economists polled by Reuters had forecast a 0.4 percent gain, although the association also revised previous readings to show a smaller gain in January than initially estimated.

The increase last month took contract signings, which usually turn into sales after a month or two, to their highest level since June 2013.

(Reporting by Jason Lange; Editing by Andrea Ricci)