Economy

Inflation hits 3% in July, upper end of BoC target

Economists had expected a year-over-year inflation rate of 2.5%

By Staff, with files from The Canadian Press |August 17, 2018

2 min read

U.S. housing starts up slightly in July in face of high costs

U.S. housing starts ticked up just 0.9% in July, a sign that higher construction costs might be weighing on homebuilders. The Commerce Department said Thursday that housing starts last month rose to a seasonally adjusted annual rate of 1.17 million, not nearly enough to reverse the steep 12.9% plunge seen in June as rising lumber, […]

By Staff, with files from The Associated Press |August 16, 2018

2 min read

Manufacturing sales rise 1.1% in June, boosted by oil and coal

Canadian manufacturing sales rose more than expected in June, boosted by a 16% surge in oil and coal shipments. Statistics Canada said Thursday manufacturing sales were up 1.1% to $58.1 billion in June, following a 1.5% increase in May. Economists had expected an increase of 0.9% in June, according to Thomson Reuters Eikon. In constant […]

By Staff, with files from The Canadian Press |August 16, 2018

2 min read

Why markets are worried about Turkey’s economy

Its economy is smaller than Florida's

By Stan Choe, The Associated Press |August 16, 2018

2 min read