Production of motor and vehicle parts fell by 10% in October, marking the biggest drop since the beginning of the pandemic. … READ MORE >
Economics
Retail sales and producer inflation fall in October
The data for October’s retail sales and producer inflation has raised the probability of a soft landing by a significant margin. … READ MORE >
U.S. October consumer price index: Further evidence of disinflation
The October CPI report strongly implies a continuation of the current economic expansion and a soft landing for the American economy. … READ MORE >
Consumer sentiment falls to lowest level since May
The University of Michigan’s consumer sentiment index dropped unexpectedly in November to the lowest level since May as inflation concerns mounted. … READ MORE >
Initial jobless claims ease amid broader signs of a softening labor market
Continuing claims—a measure of longer-term disruption in the labor market—increased for the seventh straight week to 1.83 million, near the recent high in April. … READ MORE >
Credit sentiment improves in Q3, signaling the worst might be over
No surprise came from the third-quarter Senior Loan Officer Opinion Survey on Monday as most major indicators pointed to improvement in lending sentiment. The improvement was likely a direct result of the Federal Reserve’s rate pause in September as the central bank began to rebalance its policy to a less hawkish stance. … READ MORE >
Canada’s unemployment rate rises to 5.7% as hiring slows
The Canadian economy added 18,000 jobs in October, down from a gain of 63,800 in September, as the unemployment rate rose by 0.2% to 5.7%. … READ MORE >
U.S. October jobs report: Moderation in hiring as wage gains outpace inflation
The economy added 150,000 jobs in October with the unemployment rate at 3.9%, the Bureau of Labor Statistics reported on Friday. … READ MORE >
Canada continues to bet on immigration to boost growth
For the Canadian economy, the benefits of immigration far outweigh the costs. By not slashing targets, Canada ensures that the labour supply will continue to grow. … READ MORE >
Initial jobless claims edge up as labor market remains strong
New claims for jobless benefits rose to 217,000 last week, yet they remained below the pre-pandemic level. … READ MORE >