American consumers ended the year on a strong note, with sales at retail stores, restaurants and online continuing to show significant gains in December. Total retail sales increased by 0.4%, following an upward revision to 0.8% from 0.7% in November, according to Commerce Department data released on ... READ MORE >
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Year ahead in Canada: Return to growth as rate cuts take hold
Price stability will fuel economic expansion in 2025 as the Bank of Canada reduces interest rates to a low of 2.75 per cent within the first half of the year. The rate cuts will encourage investment and risk-taking, reduce financing costs on Canada’s elevated debt and put more cash in consumers’ ... READ MORE >