Canada inflation rebounds to 2.9% in May
CPI inflation in Canada rebounded to 2.9% YoY and 0.31% MoM in May 2024
US inflation eases further in February as energy prices drop, PCE index shows
Inflation in the US showed further signs of easing as the yearly growth of core PCE price index slowed to 4.6% in February, while the headline number increased by 5%.
Canada GDP rebound masks lackluster domestic demand
The Canadian economy saw a significant rebound in the third quarter. A 0.65% expansion in the quarter was more than enough to recover the downwardly revised 0.47% contraction in the previous second quarter.
US initial jobless claims falls to 233,000, lower than expected
The number of people filed their initial claim for unemployment insurance benefits in the US fell to 233,000 in the week ending August 3.