Construction of new homes increased 3.3% in November, with the gain largely coming from single-family houses being built at the strongest pace in more than a decade. Read: Snapshot: U.S. economic data The Commerce Department said Tuesday that builders broke ground on homes last month at a seasonally adjusted annual rate of 1.3 million units. […]
Prices at the wholesale level rose 0.4% in November and 3.1% over the past year. It was the biggest annual jump in nearly six years and reflected a big spike in the price of gasoline and other energy products. Last month’s increase in the producer price index, which measures inflation pressures before they reach the […]
Economic news and developments to watch
U.S. consumers increased their spending by a solid 0.3% in October
Prices at the wholesale level climbed 0.4% in October and 2.8% over the past year.
Sen. Jeff Flake, R-Ala argues current proposals would "grow the already staggering national debt"
Tax cut plan also to limit deduction for mortgage interest, property tax
Data from Industry Canada shows that, of all the exporting firms in Canada, more than 90% are considered small businesses.
The Federal Reserve’s firm statement last week that a December rate hike remains on the table wasn’t good news for the loonie, which had reached US$0.83 after two hikes by the Bank of Canada. Read: Why there’s too much love for the loonie Loss of loonie steam can also be attributed to remarks from the […]
Standard & Poor's rating agency cut China's credit rating on Thursday, and the nation's Finance Ministry isn't happy