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Economy - Feed
Find the latest news stories from National Post on the topic Economy. |
 Canadians open their walletsConsumers gave a shot in the arm to Canada’s economy in February, helping push retail sales up by 0.4% in a month in which most other indicators disappointed
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 Canada's economy shrinksCanada's economy unexpectedly shrank 0.2% in February from January as the manufacturing sector gave back part of the hefty gain in the previous month and wholesale trade fell for the first time in five months
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 Fed sticks to scriptThe Federal Open Market Committee voted unanimously to leave the target rate for the federal funds rate unchanged at 0% to 0.25% on Wednesday, reiterating that economic conditions will likely warrant 'exceptionally low levels' for 'an extended period'
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 Get ready to find out just how fragile the recovery isData on how the U.S. and British economies fared in the first three months of the year due this week will likely highlight the tenuous nature of the recovery from recession in developed countries
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 Inflation: it's crushing us at the pumps and spreadingGovernment 'core' inflation measures ignore food or energy, which is fine for those who — as one wag put it — 'don’t eat or heat'
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 Tory win boost for 'Buy Canada'The Conservative Party’s resounding majority in federal elections on Tuesday should be a big plus for Canadian assets and the economy as corporate tax cuts — the backbone of the party’s platform — remain safe. But Bay Street will want to see real progress on cutting the deficit
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 Rate hikes still on as job market reboundsCanada added more than double the expected jobs to its workforce in April, reinforcing economists' views the Bank of Canada will begin raising interest rates in the second half of the year, despite the recent turmoil in commodity markets
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 Swooning BRIC stocks a bad sign for global markets: RosenbergEmerging markets were a spot-on leading indicator when stocks hit bottom two years ago and now they are shaping up as a reliable guide to a looming correction, says David Rosenberg, a chief economist and strategist
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 Rosenberg takes aim at 'conventional wisdom'Gluskin Sheff + Associates chief economist David Rosenberg this week took a poke at some of the “conventional wisdom” floating around the markets right now
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 B.C. lifts Canada's home sales forecastMulti-million property sales in Greater Vancouver have surged unexpectedly — skewing both sales and prices on a national level
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 Gaps grow in Europe's economiesStorming performances by the German and French economies propelled growth in the eurozone well above forecasts in the first quarter while also highlighting the yawning gap between the bloc’s strong and weak
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 Is China winning the inflation battle?After inflation data today, most analysts say China can now reduce the scope of further tightening in monetary policy, while a prominent Chinese economist went further, saying policymakers may be concerned about an overly rapid slowdown
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 Energy puts bounce back in Canada's trade surplusCanada’s trade surplus made a small rebound in March after two months of decline, as broad gains in exports outstripped higher imports, Statistics Canada said on Wednesday
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 Canada's economic indicators point higherA key barometer of Canada’s economic health advanced more than expected last month, led by the manufacturing sector
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 Inflation in emerging markets the new fearGlobal markets may be focusing on the U.S. Federal Reserve and when it will begin tightening monetary policy, but Mark Carney is making sure he doesn’t lose sight of China and ongoing efforts by its central bank to slow an overheating economy
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 Earthquake knocks Japan into recessionJapan’s economy shrank much more than expected in the first quarter and slipped into recession after the triple blow of the March earthquake, tsunami and nuclear crisis hit business and consumer spending and tore apart supply chains
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 ECB issues Greek debt threat to stop restructuringThe European Central Bank has raised the stakes in its bid to prevent a restructuring of Greek debt, telling eurozone governments it would refuse to accept Greek bonds as collateral in the event of such a move
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 Home prices continue climbCanadian home prices continued their upward march in April, driven by strong investor demand in Vancouver, as cracks in the Toronto condominium market may be starting to appear
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 Canada data eases rate-hike pressure, weighs on dollarSofter than expected inflation and retail sales data from Statistics Canada reduced some of the imperative for the Bank of Canada to raise interest rates and also knocked the Canadian dollar lower on Friday
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 Strauss-Kahn resigns as IMF chiefDominique Strauss-Kahn has resigned as head of the International Monetary Fund, saying he needs to devote all his energy to fight charges that he sexually assaulted a hotel maid
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 CIBC sees manufacturing slumpCIBC World Markets has slashed its forecast for manufacturing shipments in February after poor trade figures released this week
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 No rate hikes imminent, BoC signalsThe Bank of Canada kept its policy rate of 1% unchanged as expected, but offered no hint that the bank was getting ready to raise rates
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 U.S. new home sales plunge to record lowNew U.S. single-family home sales unexpectedly fell in February to hit a record low and prices were the lowest since December 2003, a government report said Wednesday
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 January retail numbers fall way shortCanadian retail sales unexpectedly declined for a second month in January, while the country's leading indicators index rose the fastest in nine months in February
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 Dealers see rate hike in second halfCanada's primary securities dealers continue to forecast rising interest rates this year, but a slight majority now think the increase will come in the second half as economic momentum gains speed and global turmoil diminishes
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