Tag Archives: economy

Look beyond retail sales for what’s really happening with the U.S. economy

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There is no sense sugar coating the April U.S. retail sales report released Wednesday – it was a dud. The headline was flat in comparison to the expected 0.2-per-cent month-over-month rise. The ex-auto sales category edged up 0.1 per cent, which was far shy of market expectations for any 0.5-per-cent bounce. And the retail \”control\” segment that feeds right into ...

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Weak loonie, U.S. economy not enough to boost Canadian manufacturing

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The manufacturing renaissance that the Bank of Canada had envisioned doesn’t seem to be materializing anytime soon. Even having a weak Canadian dollar along with a hot U.S. economy, Statistics Canada said Monday that factory sales in April fell 2.1 percent to $49.8 billion, falling short of the 0.5 per cent decline economists had been expecting The decline was the ...

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Economists are losing faith in the global economy

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Get ready for another year of disappointing growth in the global economy. Citigroup had become the latest bank on Monday to downgrade its outlook, saying that it now expects the worldwide economy to develop by only two.6% this year, a 0.1% cut from its forecast last month. Weaker development in the United States, Mexico, India and Brazil counseled me blamed ...

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Why Canada’s economy is ‘one number removed from the unthinkable’

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Canada’s economic performance in April, set to be sold by Statistics Canada , will be probably the most watched data points this season. The Bank of Canada is hoping following a dismal first quarter, the data will show the economy rebounded in April.?To date, the indicators paint a confusing picture. Manufacturing and retail sales were unexpectedly weak throughout the month, ...

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As Canadian economy leaves little to feel good about, investors stay in reactive mode

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For the millions of Canadians who are unemployed or underemployed, or who are struggling to make mortgage payments even though interest rates are super-low, or who feel they\’re doing more work for pretty much exactly the same pay every year after year, or who\’re seeing the prices of food and other goods rise because of the plummeting loonie, or who\’ll ...

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Improving U.S. economy points to possible rate hike in September

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OTTAWA -?The U.S. economy picked up speed within the second quarter of 2015, thanks to stronger spending by consumers and an improving picture for that labour and housing markets. Is Canada still flirting with recession? Friday\’s GDP report will disclose more We’ll find out just how close the economy actually is to retracing the previous recession of 2008-09 when Statistics ...

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‘The quarter is looking ugly’: What economists are saying about Canada’s shrinking economy

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The Canadian economy shrank for the fifth consecutive month in May, by 0.2 percent from April, strengthening the probability that the country was at recession within the first 1 / 2 of the year, statistically Canada data released on Friday. \’Technical recession looms as Canada's economy shrinks for fifth month in row Canada’s GDP declined 0.2% in May – well ...

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Canada’s economy shrinks for fifth month in row

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OTTAWA – Make that five in a row. Canada\’s economy continued to contract in May, declining 0.2 per cent – well below analysts\’ expectations – as output in the energy sector fell together with manufacturing activity, adding to concerns the nation is going to another recession. \’The quarter looks ugly': What economists say about Canada\’s shrinking economy Economists, expecting no ...

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