Canadians Dissatisfied with Trudeau's Housing Policies; Global Shares Rise Amid Inflation Control Hopes

Despite recent initiatives, confidence in Trudeau's housing affordability policies remains low, while global markets show optimism as the Federal Reserve successfully cools the economy to control inflation.

Two in three Canadians believe Prime Minister Justin Trudeau's government is failing to introduce effective policies for housing affordability, according to a new poll by Nanos Research for Bloomberg News.
Despite recent initiatives by the Trudeau government, including the appointment of a new housing minister and the unveiling of millions of dollars for cities to expedite dense housing construction, Canadians' confidence in these policies remains low.
Global shares are on the rise, with Wall Street nearing a record high and Tokyo's benchmark finishing at a 34-year high, amid growing hopes that the Federal Reserve has successfully cooled the economy to control inflation without causing a recession.
A forthcoming U.S. inflation report is expected to show a soft inflation reading, largely due to declines in the goods sector, which could support Federal Reserve policymakers' efforts to reduce inflation.
Despite recent disinflation progress, underlying CPI inflation is estimated to be closer to 3% than the Fed's 2% target, suggesting that the disinflationary impulse for core goods may fade in the second half of the year as firms complete destocking excess inventories.