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The research group said its consumer confidence index fell to 89.4 from 90.2 in July as expectations for future business and labor market conditions became more pessimistic.
The S&P Cotality Case-Shiller National Home Price Index rose 1.5% in the 12 months through June, compared with a 1.2% increase in May.
Statistics Canada’s early tally of wholesale receipts points to a 0.6% decline in sales in July from the month before. With a slight fall also expected in manufacturing trade, it points to some softening in the economy to start the third quarter.
World trade flows rose sharply in June, aided by the boom in artificial intelligence-related investment.
There was a noticeable upward revision to exports, rising 2.6% on quarter, though growth is set to slow in the months ahead.
The central bank doesn’t rule out further interest-rate increases, especially if the unresolved war in the Middle East drives fuel prices sharply higher once again.
The move, which would take effect in January, is the latest in the rapidly escalating trade war between the two neighbors.
As a Fed governor 15 years ago, Warsh was more worried about inflation than nearly all of his colleagues, and for years it didn’t materialize.
The U.S. is levying a 50% charge on Canadian imports including wine, hockey sticks, cement, and paper and textile products. Ottawa has pledged retaliation.
Canada responded to new U.S. tariffs with levies of its own as the two sides trade blame for collapse of talks.
Negotiations between the neighboring countries broke down Friday night and Ottawa said it would impose retaliatory tariffs on U.S. goods.
Federal Reserve Chairman Kevin Warsh’s speech at the Jackson Hole symposium will be the key event for investors as they continue to seek clarity on whether and when U.S. interest rates might rise.
Greg Mankiw, Thomas Sargent and William White all have strong ideas about why prices rise. Their work could guide how the Fed fights inflation.
Canadian spending, which has helped underpin a sluggish economy, stalled last month and snapped a run of rising retail trade through the first half of 2026.
Business activity in the U.S., Europe and parts of Asia has picked up in the face of a series of headwinds related to the war in the Middle East, suggesting the global economy cooled slightly in the second quarter.
Japan’s consumer inflation picked up last month, firming expectations that the next interest-rate hike is around the corner.
The Conference Board’s Leading Economic Index rose by 0.2% to 99.5, indicating that moderate growth could be coming.
The reserve bank’s manufacturing business outlook survey showed that the current-activity index rose to 47.4 in August from 41.4 in July.
The number of people who filed for unemployment benefits was 206,000 in the week through Aug. 15, 6,000 lower than the upwardly revised 212,000 reported a week earlier.
Limited usable transport routes on major rivers and sharply rising transport costs were likely to significantly impair industrial production and export growth, according to the central bank.
After she was laid off last year, Lynn Lee began an odyssey to find her way back to employment. “Don’t give up.”
Growth was spearheaded by high-end timepieces and by exports to the U.S., which kept up double-digit growth for the third straight month.
Riksbank policymakers have held rates steady for seven consecutive meetings, adopting a wait-and-see stance to monitor inflation and economic developments.
The U.S. has reached a new borrowing milestone in its struggle to get hold of its finances.
The U.S. is considering a plan to lower tariffs on Canadian steel and aluminum from 50% to 25%, while top-line automobile levies could fall from 25% to 15%.
Many officials thought higher rates would likely be needed if inflation doesn’t come down.
Andy Burnham has made unemployment a priority amid skyrocketing youth inactivity and a rapid collapse in entry-level vacancies. Economists warn the issue risks leaving a permanent scar on the economy.
Bonds took a breather from this week’s selloff, but the factors driving yields to multiyear highs haven’t gone away.
Chip stocks were flat premarket and Nasdaq futures edged higher after the sharp rise in borrowing costs added to an AI-related selloff, dragging on blue-chip indexes across Asia.
The Indonesian central bank kept its benchmark seven-day reverse repo rate unchanged at 5.75%, as the rupiah stabilizes and it gauges the impact of prior interest-rate hikes.
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