Transcription of Weekly Economic Indicators U.S. and Canada
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Nathan Janzen | Senior Economist | 416-974-0579 | Josh Nye | Senior Economist | 416-974-3979 | For the week of June 22, 2020 April showers bring shoots? Growing evidence that the recovery began in May is taking some sting out of April data that undershot already grim projections. US retail sales jumped 18% in May still down 6% from a year ago but significantly better than feared at this point. Statistics Canada reported a similar-sized 19% increase in a preliminary estimate of May retail sales in Canada . Canadian home resales increased 57% during the month and auto sales more than doubled. In each of those cases, activity is still down sharply from a year ago, though with all regions continuing to gradually ease virus containment measures, spending probably continued to rise into June.
Weekly Economic Indicators – U.S. and Canada For the week of July 30, 2018 (Market calls are as of July 26, 2018) RBC Economics Research contact: Paul …
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