Canada’s manufacturing and wholesale sales reports for September next Friday should add to evidence that the economy grew less than expected in Q3. Gross domestic product growth has already flatlined in July and August, and likely contracted by 0.1% in September, according to Statistics Canada’s preliminary estimate. Preliminary GDP estimates have been highly prone to […]
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Wall Street suffered a sharp sell-off: The S&P 500 fell 4.4% and the Nasdaq Composite dropped 5.5%, as concerns about AI infrastructure investment hit technology stocks. Strong employment data complicated the Fed outlook: U.S. payrolls Read more…
Canadian Highlights Markets got bad news this week that Canada’s job market has lost jobs for three consecutive months as of October. This week’s federal budget showed that Ottawa received a windfall and spent it. Read more…
Next week, attention turns to Tuesday’s CPI report, with no year-over-year readings available because of last October’s shutdown-related data gap. We expect headline and core inflation to clock 0.28% and 0.21% month-over-month, respectively. Softer core Read more…