Canadian stocks fell for a third day after the U.S. reported a smaller increase in durable-goods orders than forecast and an unexpected drop in home sales.
Manulife Financial Corp., North America’s third-largest insurer, dropped 2.9 percent as U.S. new-home sales slumped to their lowest level on record. Canadian Imperial Bank of Commerce, the country’s fifth-biggest bank, [...]
Posts Tagged ‘us unemployment’
Canadian Stocks Fall as U.S. Manufacturing Data Trail Forecast
August 25th, 2010 by Financial Writer
Tags: commerce department, economists, financial system, home sales, housing market, money, stock market, us unemployment
more...Geithner warns US unemployment will remain high
March 16th, 2010 by Financial Writer
US Treasury Secretary Timothy Geithner on Tuesday warned jobless Americans they face a torrid year ahead, predicting continued high unemployment levels despite advances “sometime this spring.”
Speaking in Congress, Geithner said some improvements in the decimated US job market would come soon, but not enough to eat into the near double-digit unemployment that has brought the [...]
Tags: americans' homes, economic recovery, geithner, us job market, us unemployment
World markets edge higher ahead of US jobs data
January 8th, 2010 by Financial Writer
World stocks advanced Friday ahead of crucial U.S. unemployment data which some hope will show that the world’s largest economy created jobs in December for the first time in two years.
In Europe, the FTSE 100 index of leading British shares was up 2.61 points, or 0.1 percent, at 5,529.33 while Germany’s DAX rose 23.88 points, [...]
Tags: deepest recession, largest economy, us jobs, us unemployment, world markets, world stocks
US consumer spending up as economy gains steam
December 23rd, 2009 by Financial Writer
US consumer spending rose as Americans enjoyed their biggest income gain in six months in November, government data showed Wednesday in a sign the economy is gaining steam following recession.
The Commerce Department said personal consumption expenditures climbed 0.5 percent in the penultimate month of 2009 fueled by spending on goods as retailers slashed prices to [...]
Tags: economy, recession, us consumer, us economist, us unemployment