By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate dropped more than expected to a 27-month low of 2.8% in June led by lower energy prices, data showed on Tuesda[...]
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Economy
Healthy US consumers shrug off recession concerns, for now
By Nupur Anand NEW YORK (Reuters) – U.S. consumers are still keeping up with their loan payments despite rising costs and a worsening economic outlook, according to executives at the largest U.S[...]
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Two Polish central bankers say rate cut could come this year
WARSAW (Reuters) – Poland could cut interest rates this year, two central bankers were quoted as saying on Tuesday, fuelling expectations that a decrease in the cost of credit could be just arou[...]
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BOJ’s Ueda signals resolve to maintain ultra-easy policy
By Leika Kihara and Tetsushi Kajimoto (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda said on Tuesday there was still some distance to sustainably and stably achieving the central bank’s 2% i[...]
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US manufacturing output falls in June; rebounds in second quarter
WASHINGTON (Reuters) – Production at U.S. factories unexpectedly fell in June, but rebounded in the second quarter as motor vehicle output accelerated after two straight quarterly declines. Manu[...]
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US builder confidence hits highest level in over a year
By Safiyah Riddle (Reuters) – U.S. home builder sentiment hit a 13-month high in July as limited housing stock continued to drive demand for new houses, according to a survey on Tuesday, but the[...]
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Instant View: Canada annual inflation rate slows to 2.8% in June
(Reuters) – Canada’s annual inflation rate slowed to 2.8% in June on lower prices for gasoline as a result of the base-year effect, while food and mortgage interest costs remain high, Stat[...]
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Canadian housing starts jump 41% in June – CMHC
TORONTO (Reuters) – Canadian housing starts rose 41% in June compared with the previous month, the largest increase in the last 10 years, led by groundbreaking on multiple unit urban homes, data[...]
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India to push G20 to raise share of taxes on firms where they earn ‘excess profit’ – sources
(This July 16 story has been corrected to show that 25% is not the tax rate, but the share of corporate profit that would be taxed, in paragraphs 4 and 9) By Shivangi Acharya, Sarita Chaganti Singh an[...]
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