Higher gasoline prices boost consumer price index in September
Housing starts hit 14-year low
Drop in auto industry blamed
U.S. industrial output turned in another weak reading in September as the short strike at General Motors contributed to a big drop in auto production.The Federal Reserve today reported that industrial output edged up 0.1% in September following no change at all in August. The August reading had been reported a month ago as a […]
Investment rises 4.9% in third quarter
Canada’s trade surplus with the rest of the world rose to $4.1 billion in August as imports fell back from record levels the month before.The surplus was $3.7 billion in July. Analysts had expected August’s surplus to rise slightly to $3.8 billion, Statistics Canada reported today.Imports dropped 3.9% to $34.4 billion. It was the first […]
Chinese manufacturing imports are trimming Canadian consumer inflation by about 0.1% per year, finds a new paper published by the Bank of Canada.The discussion paper investigates the direct effect of Chinese imported goods on consumer prices in Canada. It finds that, on average, from 2001 to 2006, the direct effect of consumer goods imported from […]
Consumer confidence softens
U.S. employment falls for the first time in four years
U.S. retailers post stronger sales