latest news in economy
Canadian Travel to the United States Plummets as Tourists Choose Other Destinations
Washington, Wednesday, 29 July 2026.
A historic drop in Canadian visitors—the deepest decline since 1972 excluding the pandemic—cost the U.S. tourism sector $2.3 billion as travelers redirected their spending elsewhere.
Commercial Property Deals Surpass Record Pace with 1.6 Billion Dollars in Mid-Year Sales
Dallas, Wednesday, 29 July 2026.
Despite high interest rates, SRS Capital Markets surpassed its record-breaking 2025 pace, securing 1.6 billion dollars in mid-year transactions and signaling robust commercial real estate demand.
Why Rising Incomes, Not a Housing Shortage, Are Driving Up Home Prices
San Francisco, Tuesday, 28 July 2026.
San Francisco Fed research reveals that rising average incomes, rather than construction bottlenecks, drive the housing crisis, as home supply actually outpaces population growth in most cities.