Manufacturers are benefiting from spending on hard goods with parts of the services sector shut down
Renewed outbreaks are expected to weigh on demand
Unemployment will likely remain above 7% through next year, a report says
StatsCan reports that manufacturing sales fell by a record 28.5% in April
Economists had expected an even bigger drop
The worst of the trade war is likely over
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 […]
But, overall, Q4 looked good, says expert
Real gross domestic product (GDP) increased 0.4% in November, says StatsCan, with growth reported in 17 of 20 industrial sectors. Read: Economic growth will mean higher LTD claims: report The finance and insurance sector grew 0.3% in November, after four consecutive months of decline. Financial investment services, funds and other financial vehicles were up 0.5%, […]
Global car sales accelerated sharply in the final months of 2016 and are expected to continue in 2017, albeit more slowly, as global growth rises an expected 3.4%, Scotiabank says in a report. Employment growth — the key driver of car sales — is advancing at the fastest pace in more than a decade, the […]