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Food prices have contributed to higher inflation with Canada’s annual rate up 1.3 per cent, narrowly missing expectations
Retail sales increased in June by 0.6 per cent to $43.2 billion
A cocktail of global economic woes have combined this week to subdue sentiment in the world markets
The decline in oil prices has been continuing for 8 weeks and Reuters reports that it’s the longest losing streak since 1986
China’s manufacturing purchasing managers index has fallen to the lowest level since 2009, signalling continued weakness in the key economic driver
The global economy is spooking the markets at the moment
The markets have pretty much decided that the Fed won’t now raise interest rates in September but at least one financial organisation is sticking to the forecast
Statistics Canada released data Thursday on wholesale trade and employment insurance – both were up
It’s been on a buying spree recently but Canadian pharma Valeant said Thursday that it is to buy Sprout Pharmaceuticals for around $1 billion
China’s volatility continues to weigh heavily on the world markets Thursday with the devaluation of the yuan promoting a sell-off.