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Canada – US Softwood Lumber Agreement Update
Both BC Forests Minister Steve Thomson and Council of Forest Industries president Susan Yurkovich said January 13 that British Columbia no longer expects to simply renew the 2006 Softwood Lumber Agreement, according to Business in Vancouver Tuesday. Thomson and Yurkovich met with Canada’s international trade minister, Chrystia Freeland, earlier that week to exchange views on…
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US Real Estate and Economic Update
The latest data of US real estate activity and general macroeconomic conditions are examined. US Private Investment and the Business Cycle Calculated Risk — Bill McBride “Discussions of the business cycle frequently focus on consumer spending (PCE: Personal consumption expenditures), but the key is to watch private domestic investment, especially residential investment. Even though private…
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US Leading Economic Index: December 2015
The index of US economic indicators decreased in December for the first time in three months, weighed by slowing factory orders and fewer building permits. The Conference Board’s measure of the economic outlook for the next three to six months fell 0.2 per cent in December after rising 0.5 per cent the month before, the…
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Canada and US Manufacturing Index: December 2015
The RBC Canadian Manufacturing Purchasing Managers’ Index (PMI), released Monday, fell to a seasonally adjusted 47.5 in December from 48.6 in November. This was the lowest level for the survey that goes back to 2010. In the US, the ISM manufacturing index indicated contraction in December, according to the Institute of Supply Management also Monday.…
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US Economy and Economic Indicators
This week new research was released on the current makeup of the US middle class, the continuing commodities price slump, other — more general — US economic indicators provide a somewhat less murky, if still muted, projection of the health of the US economy over the next year or two. Said Bill McBride in his…
