Weekly Economic Perspectives - Canadian Retail Sales Rebound
The Economy The US housing sector is on fire…in a good way! Retail sales spiked in Canada. UK manufacturing and service activity accelerates. Eurozone service activity slows. Worst is over for Japanese GDP growth. The RBA Minutes had nothing new to offer.
A down week for most stock markets, though the US manages a gain. Bond yields narrow on some data disappointments. The dollar claws back some losses late in the week. Oil and gold move a little lower.
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