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Other Industry News > General Economic News
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Rate of increase in Canadian CPI slows
Canada's Consumer Price Index rose 2.0% in the 12 months to November, following a 2.4% increase in October, according to Statistics Canada. The slower year-over-year rise was mainly attributable to gasoline prices, which fell 5.9% in the 12 months to November, after rising 0.6% in October. For more, click here...
Leading indicators post November gain
The Conference Board's U.S. Index of Leading Economic Indicators posted a third consecutive monthly gain in November, suggesting that the economy is gaining traction headed into 2015. For more, click here...
U.S. consumer prices post sharp decline
The U.S. Consumer Price Index dropped 0.3% in November, its sharpest month-over-month decline since December 2008, according to the U.S. Department of Labor. Falling fuel costs were cited as a key factor freeing up money for consumers to use on other goods and services, bolstering the nation's economic expansion. For more, click here...
Consumer confidence grows
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment for December was at a reading of 93.8, up from 88.8 in November. The December reading was the highest since January 2007. Falling gasoline prices, a stronger job market, and faster wage growth helped fuel retail sales gains, analysts said. For more, click here...
Canadian dollar gains
Canada's currency climbed from almost a five-year low after the nation's central bank said the Canadian economy shows signs of a broadening recovery. For more, click here...
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