Residential investment has far outpaced business investment
The measures would seek to avoid an unprecedented default on U.S. national debt
Sales declined in eight of 11 subsectors, representing 65.6% of retail trade
Research suggests that temporarily overshooting inflation has economic benefits
Canada's housing market accounted for two-thirds of economic growth in the first quarter, but business investment hit a wall
Americans spent more last month on clothing, electronics and dining out
The Fed chair signalled no imminent change to ultra-low interest rates
The central bank expects inflation to run above 3% for the rest of the year
The increase has heightened concerns that the Fed might introduce rate hikes earlier than expected
RBC warns that labour shortages are set to rise as retirements resume and more people are willing to leave their jobs