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Economy News

Fed's Yellen says rate hike likely appropriate in coming months
The U.S. Federal Reserve should raise interest rates "in the coming months" if economic growth picks up as expected and jobs continue to be generated, Fed Chair Janet Yellen said on Friday.
Posted on 5-27-2016 at 2:07 PM
The Week Ahead: Canadian GDP data, Saskatchewan budget
BNN sets up the week ahead to highlight what investors should be expecting.
Posted on 5-27-2016 at 1:31 PM
Ottawa posts $2B deficit for fiscal year as income tax revenue falls in March
The federal government posted a deficit in line with what was projected in its spring budget as personal and corporate income tax revenue fell in March.
Posted on 5-27-2016 at 11:19 AM
Dollar, bond yields extend gains after Yellen
The U.S. dollar added to gains while U.S. Treasury yields hit session highs on Friday after Federal Reserve Chair Janet Yellen said a U.S. interest rate hike will likely be appropriate in the coming months.
Posted on 5-27-2016 at 10:44 AM
U.S. first-quarter economic growth revised up to 0.8%
U.S. economic growth slowed in the first quarter although not as sharply as initially thought, amid a surge in spending on home building and a steady increase in inventory investment by businesses.
Posted on 5-27-2016 at 8:53 AM
U.S. interest rate hike could come "fairly soon", says Fed Governor Powell
A U.S. rate hike may come "fairly soon" if data confirm the economy is continuing to grow and labour markets are still tightening, Federal Reserve Governor Jerome Powell said on Thursday.
Posted on 5-26-2016 at 12:25 PM
U.S. jobless claims fall more than expected last week
The number of Americans filing for unemployment benefits fell more than expected last week, moving back to near cycle lows as the labour markets remain healthy and the economy regains momentum after stumbling in the first quarter.
Posted on 5-26-2016 at 9:51 AM
BoC warns Alberta’s wildfires could send the economy into the red
The Alberta wildfires could be poised to send Canada’s economy into contraction territory this quarter. That’s the takeaway from the Bank of Canada’s assessment of the damage.
Posted on 5-25-2016 at 10:02 AM

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