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Canada Export and Trade: First-Half 2014
A jump in exports helped the Canadian economy bounce back from a weather-restrained 1Q, with annualized growth of 3.1 per cent in 2Q after a downwardly revised 0.9 per cent in the first. The Statistics Canada data on Friday showed gross domestic product growing at its fastest pace since 3Q 2011, beating the Bank of…
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Manufacturing Index, US
The US manufacturing sector expanded in August, with the rate of growth exceeding expectations and moving at the fastest pace in more than four years, an industry report showed on Thursday. Financial data firm Markit said its preliminary or “flash” US Manufacturing Purchasing Managers Index rose to 58 in August, which was its highest since…
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US Log Exports: 2Q 2014
Log exports from Washington, Oregon, northern California, and Alaska totalled 515 million board feet in volume in 2Q 2014, an increase of more than 10 per cent compared to 1Q 2014, the US Forest Service’s Pacific Northwest Research Station reported today. During this same period, West coast lumber exports decreased by 4 per cent to…
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US Pending, New Home Sales: July ‘14
A gauge of pending home sales rose 3.3 per cent in July to reach the highest level in 11 months, signaling that upcoming closings of existing homes are likely to speed up, the National Association of Realtors reported Thursday. The index of pending home sales hit a seasonally adjusted 105.9 in July, compared with 102.5…
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US Housing Starts
Home construction in the US surged in July. Housing starts climbed almost 16 per cent last month to an annual rate of 1.093 million units, the Commerce Department said Tuesday. That marked the highest level of construction since November, driven by a pronounced rise in new apartments. Home construction rose 22 per cent in the…
