Modest to moderate increases in consumer spending reported
Sector grows at the slowest pace in the past five months, ISM says
Housing outlays plunge in July
Growth eases to 0.8% from 1% in first quarter
Personal income, spending accelerate
Jobless claims hit highest level since April
Higher exports and lower imports helped push the country’s current account surplus up $2.2 billion to $8.4 billion in the second quarter.Statistics Canada said the surplus on trade in goods rose $1.6 billion — the third consecutive quarterly increase — to $16.3 billion, the highest level since the fourth quarter of 2005.After setting a record […]
Strong growth in household and business loans has accelerated
Declines in manufacturing and insurance partially offset by gains from wholesalers, retailers and real estate companies
Canadian consumers took a shopping break in June following the largest monthly sales increase in almost a decade in May, Statistics Canada reported today.Despite the drop in June, retail sales were the highest in almost six years during the second quarter, StatsCan said.Total retail sales fell 0.9% to an estimated $34.6 billion in June after […]