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Archive for October 26th, 2013

Bank of Canada: From Avant-Garde to Being on Guard

As the Canadian economy outpaced the rest of the developed world during the recovery following the global recession of 2009, the Bank of Canada (BoC) was at the vanguard of policy tightening among the world's central banks. Along with the Reserve Bank of Australia, the BoC acted early to increase

United Kingdom Continues to See Stronger Growth

Data released this morning for Q3 GDP continued to point to stronger growth in the U.K. economy. The sequential growth rate of 0.8 percent (3.2 percent annualized) was in line with the consensus forecast, and it was the third consecutive quarter of positive GDP growth, implying that the United Kingdom

Weekly Economic and Financial Commentary

The employment numbers for September were finally released this week, perpetuating the same modest growth in the labor market seen since the recovery took hold. Nonfarm payrolls added a less-than-expected 148,000 jobs for the month, though net revisions bumped total employment up 9,000 for the prior two months. In addition,

Weekly Economic and Financial Commentary

The employment numbers for September were finally released this week, perpetuating the same modest growth in the labor market seen since the recovery took hold. Nonfarm payrolls added a less-than-expected 148,000 jobs for the month, though net revisions bumped total employment up 9,000 for the prior two months. In addition,

The Weekly Bottom Line

After three weeks largely in the dark, this week finally shed some light on the economic momentum in the month leading up to the political gridlock that seized up Washington this month. The 16-day government shutdown and debt ceiling negotiations have likely dragged down economic growth by 0.3-0.6pp in Q4.

The Weekly Bottom Line

After three weeks largely in the dark, this week finally shed some light on the economic momentum in the month leading up to the political gridlock that seized up Washington this month. The 16-day government shutdown and debt ceiling negotiations have likely dragged down economic growth by 0.3-0.6pp in Q4.
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