While the American economy is expected to exceed its pre-pandemic projection by 0.2% this year, Canada is expected to undershoot by 3.2%. It is in every nation’s best interest to work for the success and health of all economies. … READ MORE >
CHART OF THE DAY: Unexpected risk and a blocked Suez Canal
Just when optimism was returning to the global economy, a shortage of microchips threatens the automobile industry and a container ship gets stuck in the Suez Canal, threatening the global supply chain. … READ MORE >
CHART OF THE DAY: Manufacturing sector leading the way out of recession
The economic downturn caused by the pandemic has had many unusual dynamics, and one of these is that the manufacturing sector, along with housing, is leading the way to recovery. … READ MORE >
Initial jobless claims drop below 700,000 for first time in a year
While first-time claims remain elevated, they are moving in a constructive direction. … READ MORE >
CHART OF THE DAY: Rail deal is a sign of increasing North American economic integration
Canadian Pacific’s $25 billion deal to purchase Kansas City Southern would create the first railroad network covering Canada, Mexico and the United States. … READ MORE >
CHART OF THE DAY: Signs of increasing foreign investment in the U.S. and the dollar
February data from the government’s Treasury International Capital reporting system—which tracks capital flows into and out of the United States—provided another strong signal that the nascent economic recovery is quickly turning into a full-blown expansion. … READ MORE >
Weekly jobless claims: A grim anniversary as claims rise to 770,000
Top-line initial claims for unemployment benefits increased to 770,000 versus an expected decline to 700,000 for the week ending March 13, according to government data released Thursday. … READ MORE >
FOMC meeting comment: Welcome to the boomtown
The onset of recovery in the U.S. economy and the growing likelihood of a robust expansion this year and next resulted in a significant upgrade of the Federal Reserve’s Summary of Economic Projections forecast through 2023. … READ MORE >
An evolution of the economy: Living, and adapting, with COVID-19
What should middle market businesses consider in terms of a COVID-19 endemic future? Evaluating existing business models, updating policies and making investments in technology and digital infrastructure are just a few components. … READ MORE >
CHART OF THE DAY: Airline passenger volume rising
One sign that Americans are ready to resume taking normal social and economic risks is airline passenger traffic. Airline passenger volume in the United States is increasing again in a welcome signal that the economy is ready to recover. … READ MORE >