OTTAWA — A preview of next week’s Canadian employment report suggests the economy suffered through its second consecutive month of job losses in July.
The Conference Board says the forward-looking help-wanted index shrunk by 9.5 percentage points in June, which suggests the economy could have shed about 10,000 workers in July.
All the provincial indexes registered a decline, with the exception of New Brunswick, the think-tank says.
OTTAWA — Despite indications to the contrary, Canada’s economy may actually be chugging along at a steady — if not stellar — pace.
Signs of growth are continuing to appear, according to a leading Canada indicator, and much of that strength is the product of an improving U.S. environment.
The Macdonald-Laurier composite leading index advanced 0.2% in January, following a 0.3% gain in December but still matching increases in the previous three months.
During this presidential election cycle, economics and politics are inseparable. The fundamental question voters will have to decide upon when making their choice for President in a few short weeks is whether they believe that the weak recovery we have been experiencing is due to poor economic policies put forth by President Obama or unavoidable circumstance. While polls have consistently shown that voters lay blame for the financial crisis at the feet of President Bush, it is unclear whether they blame President Obama for the weak recovery that followed.
By Kevin Mahn: Following a year of heightened stock market volatility marked by global political uncertainty, here is my current outlook for the economy and markets in 2012, where more volatility and political uncertainty is expected:1) Expected continuation of slow, but steady, growth for the U.S. economy - call it an extended "U-shaped" economic recovery.
The Pragmatic Capitalist submits: The latest reading from the ECRI’s leading indicator shows that the economic recovery remains well intact despite signs of a mid-year slow-down. For the latest week the ECRI’s Weekly Leading Indicator rose to 133 from last week’s reading of 131.3. This is the highest level since May 2008. The index’s annualized growth rate slowed, however, to a 37 week low of 12.5%. This was down marginally from last week’s reading of 12.6%.
Dr. Stephen Leeb submits:Despite some positive economic news that has come out in recent weeks, one area of the economy that has yet to show real signs of improvement is retail spending. American consumers are still reeling from the near collapse of the U.S. economy, and nearly 10 percent of them don’t have a job (many more if you count partially employed). This raises doubts about the sustainability of the recovery, given that personal consumption accounts for roughly 70 percent of U.S.