Protectionism has negative implications for output, employment and inflation
Business bankruptcies reach highest level in the past year
But not in Canada, where population surge weighs on per capita income and real GDP
Weaker food prices help offset rising energy inflation
The resilient strength of the job market and overall economy has kept inflation above the Fed’s 2% target
U.S. employers added 303,000 jobs last month, an example of the U.S. economy’s resilience
Inventory in April reached levels not seen since pandemic
The trend could contribute to higher inflation, raise concerns at the Fed
Canadian economy lost steam after strong start to year
Work-from-home trend, wealthy retirees drive shifts in U.S. consumer patterns