Housing starts cool in Canada under weight of higher interest rates

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Building to come under more pressure in months ahead, says economist

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TALLINN, Estonia — Russia’s central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine. The ruble has lost more than a third of its value since the beginning of the year as Moscow increases military spending and Western sanctions weigh on its income from energy shipments.

 

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