Third-straight monthly decline
Canada’s inflation rate tumbled to 2% in November as recession-ravaged businesses cut prices to keep customers coming, Statistics Canada reported Friday.The national consumer price index increase dropped to 2% in the month compared with October’s 2.6% figure. November’s reading represented an even larger drop compared with the September CPI of 3.4%.“The slowdown in November was […]
Leading indicator slides for third straight month
Housing starts tumble to record low
Net foreign debt falls, led by Canadian direct investment abroad
Fifth straight quarterly decline in the manufacturing sector
U.S. trade gap widens
OECD leading indicators signal further G7 weakness
Economic activity across the United States weakened further in November, according to a report released Wednesday by the U.S. Federal Reserve.Since the Fed released its last beige book in mid-October, economic activity has softened further across all 12 of theFederal Reserve districts, which include major cities such as New York, Cleveland, Richmond, Atlanta and Chicago.“Districts […]
Production of goods rebounds ahead of October turmoil