01202019Sun
Last updateFri, 18 Jan 2019 3pm

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Canada Interested in New US Free Trade Deal

Canada is interested in a free trade deal with the United States that would open up local government procurements to both countries.

 

The interest comes as Canadian companies continue to report difficulties in winning government contracts in U.S states and cities because of "Buy American" provisions in President Barack Obama's stimulus bill.

 

Source: Associated Press

 

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Light at End of the Tunnel?

Is the US recession over? A handful of bullish economists are starting to claim that it is, or that it very soon will be.

 

“The trough of the recession is imminent, if it has not already been passed,” said Neal Soss, chief economist at Credit Suisse.

 

Source: Financial Times

 

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NAM Economic Report Suggests Conditions Improving

Statistical evidence suggests that the economy could be poised to improve, according to numbers compiled by National Association of Manufacturers chief economic Dave Huether.

 

Of the eleven indicators that were released at the end of May, only one worsened: home prices continued to decline. But there were improvements in new home sales, consumer confidence, initial unemployment claims and new orders for durable goods.

 

Source: American Machinist

 

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Economist Says Midwest Economy Has Hit Bottom

A survey of supply managers and other business executives in nine Midwest and Plains states suggests that the regional economy has bottomed out.

 

The Mid-America Business Conditions index rose to 46.6 in May, compared with 42.7 in April and 39.7 in March.

 

Source: Associated Press


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Construction Spending Posts Surprising Gain

Construction spending rose 0.8 percent in April, defying economists' forecasts for a decline.

 

The unexpected gain - the most since August - marked the second straight month that builders boosted spending on construction projects around the country, the Commerce Department reported Monday. Economists were bracing for a 1.2 percent drop in construction spending for April.

 

Source: Associated Press

 

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