Growth, inflation and hiring in the United States are all cooling toward a more sustainable pace, which will most likely define the second half of the year as the Federal Reserve gets ready to reduce its restrictive policy rate. While the fiscal tailwinds that have bolstered the economy are ... READ MORE >
U.S. growth
CHART OF THE DAY: Spillover effects of U.S. stimulus programs on Canada’s commodity and energy prices
Financial markets are already pricing in a pickup in U.S. growth and an increase in demand for commodities and energy. This comes as U.S. vaccinations are taking off and as negotiations begin on its massive infrastructure program. With the service sector still struggling, U.S. manufacturing looks to be ... READ MORE >