Sri Lanka welcomes InterKorea Summit and Singapore meet

Sri Lanka also looks forward to the consolidation and advancement of the gains at the Panmunjom Summit at the Summit between the two leaders of the United States of America and the Democratic People’s Republic of Korea that is expected to take place on 12 June 2018 in Singapore. (Colombo Gazette) Sri Lanka today welcomed the Inter-Korea Summit between the leaders of the Republic of Korea and the Democratic People’s Republic of Korea on 27 April 2018 and the adoption of the Panmunjom Declaration for Peace, Prosperity and Unification of the Korean Peninsula.The Foreign Ministry said that Sri Lanka looks forward to the implementation of the important commitments and agreed actions outlined in the Declaration aimed at progressing through dialogue, diplomacy and trust-building towards achieving sustainable peace and prosperity, and verifiable denuclearization of the Korean Peninsula. read more

Cooling in Canadian home prices will result in winners and losers CIBC

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Cooling in Canadian home prices will result in winners and losers: CIBC by News Staff Posted Nov 29, 2012 12:45 pm MDT Canada|cooling|home prices|negative|positive The CIBC is out with a report, which states that a cooling in Canadian home prices may not be as bad as it sounds. While the report suggests slower home sales will take a bite out of economic growth, there may be winners as well as losers across the economy. CIBC’s chief economist Avery Shenfeld said this means homeowners may have to lower retirement spending if their property brings in less money when it’s sold. However, for first time buyers, it’s a welcome let-up in prices which may leave them with more money for retail spending. This report is the latest in a series from CIBC which downplays some of the concerns about the potential for a U.S.-style crash in residential real-estate. Pessimistic analysts are warning that certain types of real-estate in some markets are overpriced and risk falling into a rapid decline. However, the consensus appears to be that if there is a correction, it will likely have a softer landing than what happened south of the border. read more