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Other Industry News > General Economic News
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Consumer prices move higher in Canada
Canada's Consumer Price Index rose 2.0% in the 12 months to September, after increasing 2.1% in August, according to Statistics Canada. Higher prices for food and shelter contributed the most to the rise in the CPI, while the transportation index posted the smallest increase. For more, click here...
U.S. consumer sentiment hits 7-year high
Consumer confidence in the U.S. unexpectedly rose in October to its highest level in seven years, showing a brightening in Americans' moods as fuel prices fell and the job market improved. The Thomson Reuters/University of Michigan preliminary sentiment index for this month increased to a reading of 86.4, its highest level since July 2007. For more, click here...
Fuel prices continue falling
Diesel prices dropped to a nationwide average of $3.698 per gallon, according to the Department of Energy, as oil prices hit their lowest levels in more than two years. The price is 18.8 cents below its level of a year ago, the agency reported. Gasoline prices fell 9.2 cents to a nationwide average of $3.207 per gallon -- the lowest price since last November, and the biggest single-week decline since December 2012. For more, click here...
August construction spending dips
U.S. construction spending during August was estimated at a seasonally adjusted annual rate of $961.0 billion, 0.8% below the revised July figure, according to the Census Bureau. The August figure is 5.0% above the August 2013 estimate. Residential construction was at a SAAR of $351.7 billion in August, 0.1% below the revised July estimate. For more, click here...
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