1+ day, 14+ hour ago (553+ words) Economists warned it was a mathematical boost from falling imports and the Canadian economy remains "fragile. Canadas economy grew at a much faster pace than expected in the third quarter as crude oil exports and government spending boosted economic activity, data shows, even as business investments and household consumption disappointed due to the lingering uncertainty over United States tariffs. Third-quarter annualised gross domestic product (GDP) grew 2.6 percent, Statistics Canada said on Friday, escaping what could have been a technical recession after a contraction in the previous quarter of a downwardly revised 1.8 percent. The data strengthened economists view that the Bank of Canada will not cut interest rates on December 10. The quarterly GDP reading is calculated based on income and expenditure, unlike the monthly GDP, which is derived from industrial output. The statistics agency said the third-quarter number could be subjected…...

1+ week, 2+ day ago (644+ words) The Bureau of Labor Statistics has explained it was "unable to retroactively collect" the data on consumer prices. The United States Bureau of Labor Statistics (BLS) has announced it will not release inflation information for the month of October, citing the consequences of the recent government shutdown. On Friday, the bureau updated its website to say that certain October data would not be available, even now that government funding has been restored and normal operations have resumed. "BLS could not collect October 2025 reference period survey data due to a lapse in appropriations," it wrote in a statement. "BLS is unable to retroactively collect these data." The cancelled data includes the Consumer Price Index (CPI) " a report that is commonly used to calculate inflation by measuring the changing costs of retail items " and the Real Earnings summary, which tracks wages among…...

1+ mon, 3+ week ago (1123+ words) Nobel Prize for medicine announced on Monday, followed by five other prizes to be declared over the next week. The Nobel Prizes 2025 have officially kicked off with the first award for physiology or medicine announced, setting the stage for a week of global anticipation. Scientists Mary Brunkow, Fred Ramsdell and Shimon Sakaguchi on Monday were awarded the Nobel Prize in medicine for "their discoveries concerning peripheral immune tolerance. "Their discoveries have laid the foundation for a new field of research and spurred the development of new treatments, for example for cancer and autoimmune diseases, the prize-awarding body said in a statement. The full schedule, spanning through October 13, maps out a rapid succession of announcements: medicine, followed by physics, chemistry, literature, peace and finally the economics prize. Here are details of the schedule and what to expect from this year's Nobel…...

3+ mon, 3+ week ago (562+ words) The Canadian economy lost tens of thousands of jobs in July, sending the share of people employed to an eight-month low as the labour market gave back the gains seen in the prior month. The economy shed 40,800 jobs in July, compared with a net addition of 83,000 jobs in June, taking the employment rate, or the percentage of people employed out of the total working-age population, to 60.7 percent, Statistics Canada said on Friday. The unemployment rate, however, remained steady at a multiyear high of 6.9 percent. Analysts polled by Reuters had forecast the economy would add 13,500 jobs and the unemployment rate would tick up to 7 percent. "Canada's labour market snapped back to reality in July," Michael Davenport, senior economist at Oxford Economics, wrote in a note. United States President Donald Trump's sectoral tariffs on steel, aluminium and cars have hit the manufacturing…...