The unemployment rate dropped to 5.4%, as the U.S. economy bounces back
The C.D. Howe Institute says budget forecasts downplay the risk of rising government debt
Residential investment has far outpaced business investment
The measures would seek to avoid an unprecedented default on U.S. national debt
Sales declined in eight of 11 subsectors, representing 65.6% of retail trade
Consumer spending stalled as incomes dropped for a second month and inflation posted a sizeable gain
BMO Economics' business activity index rebounded in May after a third wave slump
Labour reallocation in the wake of the pandemic may take longer than expected, TD says
The reading compared with a year-over-year gain of 3.4% in April
The inflation spike is likely temporary, but a Fed hike could come sooner than previously expected