Archive for January, 2013

Consumer spending pace slows in December

Consumer spending pace slows in December The main driver of the increase was dividend payments, which companies accelerated to beat the January rise in income tax rates. HOUSINGMortgage rates creep upwardThe average U.S. rate on the 30-year fixed mortgage rose this week to its highest level in four months but remains low by historical standards. TABLETSApple leads, but share shrinksA research …

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Ontario debt needs attention: report

Ontario’s debt load of $238 billion remains manageable, but the situation could quickly get out of hand if interest rates rise and the province doesn’t end its free-spending ways, warns a Lakehead University economist.

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Workers prepare budgets because Congress won’t

Civilian workers in the Defense Department are bracing themselves for layoffs and furloughs that could cost them a chunk of their paychecks with the automatic spending cuts set to begin March 1. More than a dozen employees in the Civilian Expeditionary Workforce Program in Afghanistan who had been approved for …

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WRAPUP 1-U.S. jobs data to point to steady economic growth

* Non-farm payrolls expected to rise 160,000 in January * Unemployment seen holding steady at 7.8 percent * Average hourly earnings seen rising 0.2 percent * Report to show sluggish economic recovery on track WASHINGTON, Feb 1 (Reuters) - U.S. job growth likely pickedup modestly in January and the unemployment rate held steady,supporting views the economy's sluggish recovery was on trackdespite …

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Economy: Related News

2/1/2013 - November Surface Transportation Trade Totaled $81.5 Billion Trade using surface transportation between the United States and its North American Free Trade Agreement partners, Canada and Mexico, rose 6.2% in November 2012 compared to November 2011, totaling $81.5 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.

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U.S. jobs data to point to steady economic growth

WASHINGTON (Reuters) - U.S. job growth likely picked up modestly in January and the unemployment rate held steady, supporting views the economy's sluggish recovery was on track despite a surprise contraction …

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