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Tag Archives: RBC Economics

Initial jobless claims fell last week

(Jan. 22, 2015) -- Initial unemployment claims in the United States fell by 10,000 to 307,000 in the week ending Jan. 17, which only partially retraced a cumulative 36,000 increase in the preceding four weeks, RBC Economics announced. Read More »

Consumer prices fall in December

(Jan. 16, 2015) -- Consumer prices fell by 0.4 percent in December, thereby marking the largest monthly decline in six years and building on a 0.3 percent drop in November, RBC Economics reported. Read More »

Retail sales fall in December

(Jan. 14, 2015) -- "Despite the decline in December retail sales, earlier strength bodes well for fourth-quarter 2014 real consumer spending growth to strengthen to an annualized 4.0 percent from the already solid 3.2 percent recorded in the third quarter," said Ferley. Read More »

Initial unemployment claims edge downward

(Jan. 8, 2015) -- Initial unemployment claims in the United States fell by 4,000 to 294,000 in the week ending Jan. 3, which only partially retraced an unrevised 17,000 increase to 298,000 in the previous week. Read More »

Initial jobless claims fell last week

(Dec. 18, 2014) -- Initial unemployment claims in the United States fell by 6,000 to 289,000 in the week ending Dec. 13, thereby marking the third consecutive weekly decline, which has cumulatively retraced the unexpected 22,000 increase seen in mid-November, RBC Economics reported today. Read More »

Consumer price index falls in November

(Dec. 17, 2014) -- In November, consumer prices dropped by 0.3 percent in the month following unchanged prices in October, RBC Economics reported today. Gasoline prices, which fell by 6.6 percent last month, received most of the credit. Read More »

Canadian household net worth sets record

(Dec. 15, 2014) -- The aggregate net worth of Canadian households rose by 1.3 percent ($106 billion) to a new record high of $8.28 trillion in the third quarter of 2014, RBC Economics reported today. Per capita net worth also reached an all-time high of $233,100 in the quarter, Read More »

Retail sales up 0.7 percent in November

(Dec. 11, 2014) -- Part of the headline strength reflected a 1.7 percent jump in auto sales, which was consistent with an earlier reported increase in unit auto sales in the month; although outside of the auto component, sales still rose by a respectable 0.5 percent. Read More »

Initial unemployment claims fall last week

(Dec. 4, 2014) -- Initial unemployment claims in the United States fell by 17,000 to 297,000 in the week ending Nov. 29, partially retracing a 22,000 increase to a revised 314,000 in the previous week (initially reported as 313,000), RBC Economics reported. Read More »

Canadian GDP stronger than expected

(Dec. 1, 2014) -- Annualized third-quarter 2014 gross domestic product (GDP) growth in the Canadian economy increased by a solid 2.8 percent, which was up from expectations of a 2.1 percent increase, RBC Economics reported today. Read More »

Good economic news for Canada, United States

(Nov. 26, 2014) -- The second estimate of third-quarter 2014 annualized gross domestic product (GDP) growth was unexpectedly revised upward to 3.9 percent from the initially estimated 3.5 percent, RBC Economics reported. Read More »

U.S. consumer prices unchanged

(Nov. 20, 2014) -- "We expect that the core inflation rate will drift closer to the Fed’s longer-run 2 percent inflation objective in 2015. With the unemployment rate also expected to drift lower, we expect this will eventually prompt the Fed to begin raising rates," said Janzen. Read More »

U.S. retail sales rise in October

(Nov. 18, 2014) -- The overall increase was helped by sales at motor vehicle dealerships managing to increase by 0.5 percent in the month along with a 0.4 percent rise in building material products. Some offset was provided by nominal sales at gasoline stations dropping by 1.5 percent and reflecting lower gasoline prices in the month. Read More »

Initial jobless claims jumped 12,000 last week

(Nov. 14, 2014) -- The four-week moving average of initial claims, which helps smooth out some of the weekly volatility in the measure, rose to 285,000 from 279,000 in the previous week, which had marked its lowest level since 2000, Nye explained. Read More »