OTTAWA—Maj.-Gen. Dany Fortin’s sexual assault case will go to trial in September. Two days were set aside for the trial during a brief, virtual courtroom hearing this morning, five months after the senior military officer once tasked with overseeing Canada’s COVID-19 vaccination drive was charged. The Sept. 19-20 trial will be held in a Gatineau…
Euro Zone Industry Output Stronger Than Expected in September
BRUSSELS—Euro zone industrial production dipped by less than expected in September, data showed on Friday, leaving it higher than anticipated year-on-year due to a surge in output of non-durable consumer goods. The European Union’s statistics office Eurostat said industrial production in the 19 countries sharing the euro fell 0.2 percent month-on-month in September for a…
US Trade Deficit Jumps to Record High in September
WASHINGTON—The U.S. trade deficit jumped to a record high in September as exports slumped, government data showed on Thursday. The Commerce Department said that the trade gap surged 11.2 percent to a record $80.9 billion. Economists polled by Reuters had forecast an $80.5 billion deficit. Exports tumbled 3.0 percent to $207.6 billion in September. Goods…
Euro Zone Producer Prices Make Record Jump in September: Eurostat
BRUSSELS—Euro zone producer prices jumped in September more than expected, driven by skyrocketing energy costs, recording their highest increase on record in a new sign of strong inflationary pressures in the bloc, public data showed on Thursday. The European Union’s statistics office Eurostat estimated that prices at factory gates in the 19 countries sharing the…
US Factory Orders Unexpectedly Rise in September
WASHINGTON—New orders for U.S.-made goods unexpectedly rose in September, though manufacturing remains constrained by input shortages. The Commerce Department said on Wednesday that factory orders increased 0.2 percent in September. Data for August was revised down to show orders rising 1.0 percent instead of 1.2 percent as previously reported. Economists polled by Reuters had forecast…
Euro Zone Unemployment Eases to 7.4 Percent in September as Expected
BRUSSELS—Euro zone unemployment eased to 7.4 percent of the workforce in September as expected, the EU’s statistics office said on Wednesday, as the economy continues to recover from the recession caused by the COVID-19 pandemic. The statistics office said 12.079 million people were without jobs in the 19 countries sharing the euro in September, compared…
Construction Spending Unexpectedly Falls in September
WASHINGTON—U.S. construction spending unexpectedly fell in September amid declines in outlays on both private and public projects. The Commerce Department said on Monday that construction spending dropped 0.5 percent after edging up 0.1 percent in August. Economists polled by Reuters had forecast construction spending gaining 0.4 percent. Construction spending increased 7.8 percent on a year-on-year…
US Pending Home Sales Unexpectedly Fall in September
WASHINGTON—Contracts to buy U.S. previously owned homes unexpectedly fell in September likely as some potential buyers delayed purchases amid higher prices. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, decreased 2.3 percent last month to 116.7. Pending home sales fell in all four regions. Economists…
US Trade Deficit Widens in September; Inventories Mixed
WASHINGTON—The U.S. trade deficit in goods surged in September as exports tumbled, suggesting trade probably weighed on economic growth again in the third quarter. The goods trade deficit increased 9.2 percent to $96.3 billion, the Commerce Department said on Wednesday. Goods exports dropped 4.7 percent, while imports gained 0.5 percent. The report, which was published…
US Existing Home Sales Surge to 8-Month High in September
WASHINGTON—U.S. home sales surged to an eight-month high September, but higher prices as supply remains tight are squeezing out first-time buyers from the housing market. Existing home sales increased by 7.0 percent—the largest increase in a year—to a seasonally adjusted annual rate of 6.29 million units last month, the highest level since January, the National…
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