MAY US WAGES DECELERATE; MFG/CONSTRUCTION NEARLY FLAT
WASHINGTON (MaceNews) – The unexciting May jobs report, though no disaster, reinforced the perception of trend deterioration Friday, with the deceleration in earnings the leading negative, followed by the lifeless manufacturing and construction numbers. Total payrolls growth was well below expectations with its 75,000 increase, while revisions to March and April subtracted 75,000 jobs from […]
CANADIAN ECONOMY EDGES UP IN Q1
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s economy edged up by a meager 0.1 per cent in the first quarter of 2019, matching the fourth-quarter growth of the previous year, with the weak performance gain coming mainly from higher household spending and investments in machine and equipment, even as exports struggled. That translates into an […]
STILL FACING CANADA FINANCIAL ‘VULNERABILITIES’
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s financial system continues to face “vulnerabilities” related to household debt and “imbalances” in the country’s residential markets, even as regulators continue to tighten guidelines in mortgage lending. “New measures have curbed borrowing, reduced speculative behaviour in housing markets and made the financial system more resilient,” the Bank of Canada […]
CANADIAN CONSUMER PRICES RISE 2.0% Y/Y IN APRIL
By Gordon Isfeld OTTAWA (MaceNews) – The prices of consumer goods in Canada rose by 2% annualized in April, up from a pace of 1.9% in the previous month, with seven of the eight key readings tracked by Statistics Canada Wednesday driving the overall increases. The core rate showed no change for the first time since December. […]
US CONSUMER PRICE INDEX STABLE; GEOPOLITICAL INDEX SCRAMBLED
–This Week: China, Iran, N. Korea, Venezuela – and Uber By Denny Gulino WASHINGTON (MaceNews) –Countercurrents swirled in a jumbled whirlwind of market, trade and geopolitical uncertainties the second Friday in May yet among the exceptions is U.S inflation, which continues to be an eddy of calm in April’s report. The future as always is […]