Canada’s annual inflation rate in July remained at 2.2% for the fourth month in a row, Statistics Canada said today.Much of the year-over-year rise in the consumer price index was due to higher accommodation costs, as housing prices and mortgage rates increased.Lower prices for gasoline and natural gas mitigated the annual rise in the cost […]
Home builders in the United States slowed groundbreakings during July, pulling construction to its lowest rate in 10 years as sales keep tumbling and credit tightens.Housing starts decreased by 6.1% to a seasonally adjusted 1.381 million annual rate, after rising 2.1% in June to 1.470 million, the U.S. Commerce Department said today.July starts were lower […]
Industrial production increases
Largest decline since January: StatsCan
U.S. government revises lower its productivity estimates for previous years
Q2 2007 the highest on record for the total value of building permits
Spending on durable goods plunges
Canadian economic activity increased 0.3% in May, after remaining essentially unchanged in April, Statistics Canada reported today.Significant increases in retail and wholesale trade propelled the growth in May, while an important drop in oil and gas exploration dampened it. The 0.5% gain in service industries more than offset the 0.1% decrease in the production of […]
Companies remain bullish about production and employment prospects
Fourth straight monthly increase