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Economy News

Derek Burleton, deputy chief economist, TD Bank Financial Group play

May retail sales weaker than expected

Canadian retail sales grew by a weaker-than-expected 0.3 percent in May, not enough to make up for the previous month's decline in further proof of lackluster growth in the second quarter, according...
Reuters
Posted on 7-24-2012 at 9:00 AM
Arthur Hatfield, Analyst, Raymond James.play

UPS misses estimates, cuts 2012 outlook

United Parcel Service, the world's largest package delivery company, lowered its 2012 outlook on uncertain global economic conditions and said it will cut capacity in Asia following a drop in exports...
Reuters
Posted on 7-24-2012 at 8:36 AM
John Clinkard, economist, Deutsche Bankplay

Chance of a rate hike fades further

BEST OF BNN: Weak inflation figures mean the Bank of Canada has less of an impetus to quickly hike its benchmark interest rate, economists say.
Brady Yauch, BNN.ca staff
Posted on 7-20-2012 at 2:50 PM
U.S. banks haunted by mortgage demons that won't go away

U.S. banks haunted by mortgage demons that won't go away

Lenders are facing mounting pressure to buy back bad mortgages they sold to investors, signaling that banks' home-loan headaches could continue for years.
Reuters
Posted on 7-20-2012 at 4:00 PM
John Clinkard, economist, Deutsche Bankplay

Inflation ticks up to mild 1.5%, rate hike unlikely

Inflation climbed in June from a two-year low in May, but the weaker-than-expected report looked unlikely to spur the Bank of Canada to act any time soon on its warning that it could raise interest...
Reuters
Posted on 7-20-2012 at 9:00 AM
Fitch affirms Italy's last single-A rating, outlook negative

Fitch affirms Italy's last single-A rating, outlook negative

Fitch Ratings affirmed Italy's long-term sovereign debt rating at 'A-' on Thursday, averting for now the threat of aggressive forced selling by bond traders if the country had lost its only remaining...
Reuters
Posted on 7-19-2012 at 3:48 PM
Data shows U.S. economy mired in weakness

Data shows U.S. economy mired in weakness

The slowdown in the U.S. economy persisted early in the third quarter with factory activity in the U.S. Mid-Atlantic region contracting in July for a third straight month and new claims for jobless...
Reuters
Posted on 7-19-2012 at 2:37 PM
Euro zone borrowing gap widens after French, Spanish auctions

Euro zone borrowing gap widens after French, Spanish auctions

Spain's five-year borrowing costs hit new euro-era highs at an auction on Thursday while France paid less than 1 percent for similar bonds as investors increasingly marginalize southern economies...
Reuters
Posted on 7-19-2012 at 2:23 PM

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