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Wall Street Futures Ease as Strong GDP Growth Tempers Fed Cut Hopes

US stock futures dipped Tuesday morning as stronger-than-expected GDP growth raised doubts about near-term Federal Reserve rate cuts, sending the Dow, S&P 500, and Nasdaq futures slightly lower. Market Overview Dow Jones, S&P 500, and Nasdaq futures all slipped about 0.2% in premarket trading. The decline comes after three consecutive winning sessions for US equities, highlighting investor caution despite recent momentum. Gold and silver continued their rally, with both metals on pace for their best year in over four decades. Economic Data Impact The third-quarter GDP report showed the US economy grew at a 4.3% annualized rate, well above the 3.3% forecast. Strong consumer spending drove the surprise, but analysts warn that the government shutdown likely slowed growth in the fourth quarter. The data suggests economic resilience, but also reduces the likelihood of immediate Fed rate cuts, which had been priced in by markets. Investor Sentiment Traders are recalib...
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Real Estate Receiverships on the Rise: A Consequence of Elevated Interest Rates and Construction Costs

 


According to a recent report by The Canadian Press, real estate development projects across Canada are increasingly being pushed into receivership due to elevated interest rates, construction costs and delays, and a slower real estate market. Receiverships are a way for secured lenders to have the court appoint someone to take control of the property and either liquidate it or otherwise maximize the value of the assets. While often thought of as a last resort, experts have seen an increase in receiverships as bigger construction projects with multiple mortgages and parties involved start to run into trouble.

From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are facing financial stress. Smaller developers are finding it hard to get more money as the second-tier lenders they often rely on become more cautious. Ontario has seen the bulk of receiverships in recent months, but over the past year, the process has been applied to everything from a historic bank building in Saint John, N.B., to a fire-plagued apartment in Winnipeg.
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