Recent Posts

Canada’s surprise jobs surge recoups all pandemic losses

Bloomberg Canada has recovered all of the roughly three million jobs lost to Covid-19. The country’s economy added 157,100 jobs in September, returning the labour market to pre-pandemic levels, Statistics Canada said in Ottawa. That compares with economists’ expectation of 60,000 new jobs, according to the median estimate in a Bloomberg survey. The unemployment rate fell to 6.9% from 7.1% ...

Read More »

Brazil’s inflation slows after topping 10% in September

Bloomberg Brazil’s consumer prices rise less than expected in September, supporting the central bank’s view that inflation peaked just above 10% and will start to slow as rising borrowing costs cool down the economy. Inflation accelerated to 10.25% from a year ago, its fastest pace since February 2016, and to 1.16% from the month prior, the national statistics institute reported. ...

Read More »

European factories sound alarm over supply squeeze

Bloomberg European manufacturers are increasingly strained by global supply-chain problems that are pushing up prices and may last well into next year. A gauge by IHS Markit measuring business activity in manufacturing falls last month by the biggest margin since April 2020 — the beginning of the Covid-19 pandemic. Growth in new orders, output and employment slowed considerably. “Supply issues ...

Read More »
Send this to a friend