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November 21, 2025
Canada September retail sales - A subdued Q3, October seen unchanged
November 21, 2025 3:22 PM UTC
Canadian retail sales with a 0.7% decline were as the preliminary indicator released with August report had suggested, but ex auto sales exceeded expectations with a rise of 0.2%. Still, Q3 is negative in real terms, and October’s preliminary indicator is unchanged, suggesting a continued subdued
U.S. November S&P PMIs - Still healthy
November 21, 2025 3:01 PM UTC
November’s preliminary S and P PMIs both remain at healthy levels, manufacturing modestly slower at 51.9 from 52.5 but still comfortably positive, while services have unexpectedly seen a modest increase to 55.0 from 54.8. The composite increased to 54.8 from 54.6.
Preview: Due December 5 - Canada November Employment - Correcting from a strong October
November 21, 2025 2:34 PM UTC
Canadian employment data has been volatile in recent months. Underlying trend still seems modestly positive, but after two strong gains in excess of 60k we expect a modest decline of 5k in November. This would lift unemployment to 7.0% from 6.9% in October, still below the 7.1% seen in August and Se
U.S. Asset Inflows After April’s Trump Tariffs
November 21, 2025 8:00 AM UTC
· Net foreign portfolio inflows have not been hurt by Trump’s April tariff drama, with the AI and tech boom attracting new equity inflows. Flows could become more volatile with a U.S. equity bear market or recession, but these are modest risk alternative scenarios rather than high r