Sign of labour-market resiliency, U.S. unemployment claims drop
Jobless claims -- seen as a proxy for layoffs -- dropped by 24,000 to 209,000
- By: Paul Wiseman
- November 22, 2023 November 22, 2023
- 09:41
Jobless claims -- seen as a proxy for layoffs -- dropped by 24,000 to 209,000
Households are facing the dual drags of inflation and higher interest rates, report says
High valuations curb return potential despite strong economic growth
Strong U.S. economy single-handedly drives G7 results
Report suggests there is no need for further rate hikes
The CPI report Tuesday morning will be followed by the government's fall economic statement
Recent ransomware attack highlights financial sector's vulnerability
HELOC balances declined, mortgage growth slowed in September
Foreign investors reduce Canadian bond holdings, domestic investors add offshore bonds in September
Weaker energy prices drive input costs lower, according to StatsCan
Rate cuts to start materializing by mid-year
Single-detached urban starts contributed to the increase
Seniors living longer may reduce the need for downsizing
The national average home price rose 1.8% year-over-year to $656,625
The figures reflect a slowdown in consumers' willingness to spend after a blowout summer
Auto sector leads gain in wholesale activity as inventories shrink
Manulife's Frances Donald warns that the current environment has made forecasting very difficult
More recent data in Canada, U.S. points to rising joblessness
Cheaper gas slowed overall price increases