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.
Canada’s consumer prices advanced at the fastest pace in two years last month, exceeding all economist forecasts, as gasoline prices surged.
Bank of Canada Governor Mark Carney will offer a rationale today for why his next move may be a rate increase even as he reduces Canada’s growth forecast and investors bet on a cut.
Canada’s annual inflation rate slowed in May because of a moderation in gasoline costs and lower prices for clothing.
A Middle Eastern royal’s purchase in May of the penthouse suite and unit below it at Vancouver’s five-star Fairmont Pacific Rim hotel for C$40 million ($39 million) was the most expensive condominium purchase in Canada.
The cost of living rose in October at the slowest pace in three months, a sign U.S. inflation is in check.
The budget agreement reached by congressional Democrats and Republicans would provide only a modest boost to the U.S. economy. The psychological effect is likely to be a lot greater.
Inventories in the U.S. rose in October by the most in five months as companies moved to bring stockpiles in line with demand.
"It reinforces the view that the labor market is improving."
- Sal Guatieri on Oct 07, 2014