In the pandemic, the U.S. government has spent money on a scale not seen since World War II—without worrying too much about how it would pay the bills. That looked to some people like the triumph of Modern Monetary Theory.
U.S. personal spending accelerated more than expected in June, reflecting a ramp up in outlays on services, while a closely watched inflation measure continued to climb.
Canada’s telecommunications companies just spent almost $9 billion in the long-awaited auction of 3500MHz spectrum that’s so key to this country’s 5G future.
Canada’s economy sprang back to life at the end of the second quarter, as vaccine-led reopenings spurred a return to growth.
Europe, an early laggard in the developed world’s vaccination drive, has picked up the pace in recent weeks. That’s feeding through to travel behavior, with more people on the move during what is typically the peak vacation period.
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