Retail sales in Canada rebounded after falling earlier in the summer months, a reassuring sign that consumers continue to spend.
Applications for U.S. state unemployment benefits unexpectedly rose last week, a sign of choppy weekly data as the labor market continues its broad recovery.
North American stocks appear set to extend their gains at the start of trading today after U.S. Federal Reserve Chair Jerome Powell dodged a taper tantrum.
Federal Reserve Chair Jerome Powell said the central bank could begin scaling back asset purchases as soon as November and complete the process by mid-2022, after officials revealed a growing inclination to raise interest rates next year.
Inflation is likely to be temporary and will affect many sectors of the economy, the head of Quebec’s $305 billion pension manager said.
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