1+ day, 11+ 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, 1+ 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…...