Trucking companies may need to put more vehicles on the road to support a recovery in U.S. residential construction, which might send their shares higher.
Canada’s economy lost the most jobs since the 2009 recession during October, led by declines in the manufacturing and construction industries, cementing projections that the recovery is slowing.
Canada posted the fourth highest trade deficit on record in November as shipments to Europe fell, suggesting the country’s economy is struggling to emerge from an export-driven slump.
Industrial production in the U.S. probably climbed in April for a sixth consecutive month, while homebuilding hovered near recession lows, economists said before reports today.
Canada’s inflation rate slowed to close to the bottom of the central bank’s target band last month on lower gasoline and clothing prices.
The Canadian dollar strengthened against its U.S. counterpart for the third day as investors seek higher-yielding currencies of commodity-exporting nations.
Canadian employment rose in line with economist forecasts in April as manufacturers added the most jobs in 11 months, adding to evidence of a modest expansion.
"It reinforces the view that the labor market is improving."
- Sal Guatieri on Oct 07, 2014