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U.S. consumers spent less at auto dealers, gas stations and department stores in February, causing overall retail sales to slip 0.1%. It was the third consecutive month of declining retail sales, the Commerce Department said Wednesday, though retail sales are still 4% higher from a year ago. In a CIBC economics report, Royce Mendes, director […]
European Central Bank head Mario Draghi says the expanding eurozone economy still faces “risks and uncertainties”— including a looming trade dispute with the United States—and has cautioned that inflation needs to rise further before monetary stimulus is ended. Draghi said Wednesday that higher inflation, not growth, is the “very clear condition” for the central bank […]
More investors are becoming interested in digital currency. A global poll from deVere Group—albeit, one that didn’t include Canadians—found that 62% of respondents would consider including cryptocurrency in their portfolios. And 70% who already hold cryptocurrencies said they plan to increase their exposure in the next year. However, such sentiment makes those respondents speculators, not […]
The consumer price index increased 0.2% last month, after a sharp 0.5% gain in January, the U.S. Labor Department said.
Seven out of 10 people who do hold cryptocurrencies are planning to increase their exposure in the next 12 months.
The European Central Bank has tweaked its main monetary policy statement
Americans lifted their spending just 0.2% in January, while their incomes jumped because of last year’s tax cuts. The Commerce Department said Thursday that the modest spending increase followed gains of 0.4% in December and 0.8% in November. Incomes rose 0.4%, boosted by $30 billion in tax cut-related bonuses the government estimates were paid out […]
Here's a look at a single bitcoin transaction in the U.S.