Bank of Canada officials need to “temper their enthusiasm” that strong inflation readings will be short-lived, according to one former governor.
U.S. consumer confidence improved for a sixth straight month in July to a fresh pandemic high as Americans grew more optimistic about current business and labor market conditions.
The stock market rout hitting Chinese stocks continued overnight, with every group in Shanghai Composite Index closing lower and the Hang Seng tumbling more than four per cent for a second consecutive session.
U.S. state and local governments look slated to spend more on crumbling infrastructure as federal aid bolsters their ledgers, low interest rates makes it cheaper to borrow and the nation’s economy recovers from the pandemic downturn, Moody’s Investors Service said.
New data from Statistics Canada shows that while youth unemployment has risen during the COVID-19 pandemic, finding full-time work has been increasingly precarious since the 1980s.
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