The United States economy grow at 2 percent thanks in part to consumer spending. Corporate America did not have a good quarter as the earning season was filled with technical blunders and dissapointing results. That could lead to a fourth quarter where companies cut back on spending after a dissapointing quarter.
Visiting Canada Christine Lagarde, the Head of the IMF, praised the country’s efforts on economic consensus and co-ordination. The Bank of Canada governor on Wednesday was seen as less optimistic on the overall economy as a rate increase seems to be pushed to a later date. The Bank kept the rate at 1 percent and added interest should rise “over time”.
- BoC Sees Higher Rates â€œLess Imminentâ€
- Fed Lacker Dissents on Effects of QE3
- US Economy Growth Rate is 2 percent
- US Investments Flat, Goods Number Higher
- US Claims Jump on Season Factors
- FOMC October Statement â€“ Reaction
- FED Maintains Bond Buying
- Canadian Dealers Less Bullish on Rates
- Bernanke Defends Fed Actions during Asian Tour
- US Jobless Claims Fall as Season Factors Ease
- US Firings Higest in 2-years
- Bernanke to Concentrate on Jobless Rate
- EUR / USD â€“ Struggling to hold on to 1.30