Real GDP at 0.7%, 2.7% annualized
Imports and exports decline
Biggest increase seen in Alberta
Non-residential permits eclipsed $3 billion for the first time
Limits on physical capacity keeping companies from meeting demand
The U.S. Federal Reserve’s preferred measure of inflation dipped below 2% for the first time in three years in May, according to a government report released today.At the same time, while personal incomes and consumer spending both grew in May, they did so a bit more slowly than expected.The price index for personal consumption expenditures […]
Businesses cut spending
Influenced by the strength of the Canadian dollar, prices for manufactured products declined in May after six straight monthly increases, Statistics Canada reported today.Meanwhile, crude oil pushed down prices for raw materials.From April to May, prices charged by manufacturers, as measured by the Industrial Product Price Index, registered a 0.5% decline, largely due to a […]
Third monthly increase in a row
Net international investment position continues to improve