U.S. Jobless Claims Hover Near High; GDP Up 1.9%

June 28 (Bloomberg) -- The number of applications for unemployment benefits hovered last week near the highest level of the year. Jobless claims decreased by 6,000 to 386,000 in the week ended June 23, Labor Department figures showed today in Washington. Separately, Commerce Department figures showed the U.S. economy grew 1.9 percent in the first quarter, reflecting a gain in consumer spending that now shows signs of cooling as the labor market weakens. Deirdre Bolton and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

CIBC's Tal: We Need to Monitor Subprime Loans in Canada
36:02 - According to the latest report from CMHC, condo building activity in Toronto appears to be "well managed," unlike the 1980s housing bubble. Yet, BOC Governor Stephen Poloz recently addressed the pace of rising home prices in Canada's two hottest markets - Toronto and Vancouver. Benjamin Tal, deputy chief economist at CIBC World Markets, joins Bloomberg TV Canada's Amanda Lang to discuss the current state of the Canadian housing market, where it's headed and what measures need to be taken to "cool" foreign buyers. (Source: Bloomberg)
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