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Consumers' spending and personal incomes both fell sharply

A doctor and an elderly patient are indoors at the woman's home. The doctor is talking to the woman while holding a tablet computer.

Job openings in healthcare jumped, while vacancies in gyms and restaurants plunged

Life saver falling on blue churning water

Statistics Canada reported that government supports offset a sharp drop in household income

Safe water support aid circle with rope. Rescue red life buoy on wooden background of ship or boat. Helpful object.

Continued support from the Fed will be required

Canada and USA Flag

A report from Moody's Investors Service says the default rate was much higher for U.S. firms

Credit card

But a rebound is expected in February due to eased restrictions


U.S. fiscal stimulus, vaccine rollout, stronger momentum brightens outlook

Close-up of payment machine buttons with human hand holding plastic card near by

Credit and debit card spending fell sharply after the storm in Texas

Macro close-up of Federal Reserve logo on USA Federal Reserve Note

A robust recovery later this year could accelerate inflation and send long-term rates surging

House bubble

The national average home price in February was a record $678,091