News By Region
Thursday, December 8, 2016 - 10:30 IMF Faces Formidable 2017 Challenges, Topped By Low Growth 0
--2017 Priorities Span Trump Admin, Negative Rates, Anti-Globalism
WASHINGTON (MNI) - The International Monetary Fund Thursday published its long list of priorities for 2017, weaving together themes of heightened uncertainty on many levels as the global economy continues to do without strong contributions of several of its former powerhouses, from Europe to the United States.
The document, titled simply "The Work Program of the Executive Board," is the staff directive for the new year from Managing Director Christine Lagarde, distilled from the IMF's policy setting committee's deliberations at the annual meeting in October and the IMF's Global Policy Agenda...
Thursday, December 8, 2016 - 09:03 Analysis: Cdn Oct Hse Price Gains Accelerate, Permits Rebound 0
--Oct NHPI +0.4% M/M Vs Sept +0.2%, +3.0% Y/Y Vs Sept +2.8%
--Oct Building Permits +8.7% Vs Sept -4.6%
--CMHC November Housing Starts 184.0k Vs 192.3k
OTTAWA (MNI) - Canada new house price growth accelerated to an annual pace of 3.0% in October from 2.8% in September, its fastest rate since June 2010, Statistics Canada reported Thursday.
Meanwhile, the value of building permits rose 8.7% in October after declining 4.6% in September, signalling construction activity could strengthen after a slowdown in housing starts in November to a seasonally adjusted annual rate of 183,989, as...
Thursday, December 8, 2016 - 08:45 Canada Data: Nov Hsg Starts 183,989 SAAR V Oct 183,989 0
Release for: November 2016 Source: Canada Mortgage And Housing Corporation Number of units, Seasonally adjusted annual rate except where "actual"
mo/mo Nov-16 Oct-16 Nov-16
SAAR, all areas 183,989 192,297 -4.3 Canada, actual, all areas 16,470 Canada, SAAR rural areas 17,161 16,699 +2.8 Canada, SAAR urban centers* -- -- Single-detached, SAAR 60,913 60,837 +0.13 Multiples SAAR 105,915 114,761 +7.7 Total SAAR 166,828 175,598...
Thursday, December 8, 2016 - 08:31 Canada 3Q Cap Util Rate +2.2PPT to 81.9% As Oil Output Resumes 0
By Yali N'Diaye
OTTAWA (MNI) - Canada industrial capacity utilization rate rose 2.2 percentage points to 81.9% in the third quarter, its highest level in nearly two years, Statistics Canada reported Thursday.
However, the increase, the largest since the first quarter 1987, was mainly due to a return of oil production activity after being interrupted by Fort McMurray wildfires in the second quarter, and therefore does not signal a fast-eroding economic slack or underlying inflation pressure.
In fact, the Bank of Canada stressed in its policy statement Wednesday that economic slack remains significant.
The capacity utilization rate for oil and gas extraction soared 8.0 points to 82.3%.
Thursday, December 8, 2016 - 08:30 ANALYSIS: US Jobless Claims Fall 10,000 To 258,000 In Dec 3 Wk 0
--4-Week Moving Average Rises By 1,000 To 252,500
WASHINGTON (MNI) - Initial claims for U.S. state unemployment benefits fell by 10,000 to a level of 258,000 in the Dec. 3 week, slightly ahead of the 255,000 level expected, data released by the Labor Department Thursday showed.
Seasonal adjustment factors had expected a rebound of 46.6%, or 116,454, in unadjusted claims in the current week after a dip in the Thanksgiving week. Unadjusted claims came up a little short, rising 103,157 to 352,931. The current week's unadjusted level was still below the 384,491 level in the comparable week a year ago.
The Labor Department said there were no...
Thursday, December 8, 2016 - 08:23 TEXT: ECB Policy Decision December 8 0
FRANKFURT (MNI) - Following is the text released by the Governing Council of the European Central Bank Thursday
Monetary Policy Decisions
8 December 2016
At today's meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.