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View the Archive..March 05, 2015BANK OF ENGLAND MONETARY POLICY
The Bank of England's Monetary Policy Committee voted to maintain the Bank Rate at 0.5%. UK interest rates have been kept unchanged by the Bank of England since March 2009. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion. The current assets purchasing program began in March 2009.
US nonfarm business sector labour productivity was revised down to a -2.2 percent annual rate from a -1.8 percent annual rate during the fourth quarter of 2014. Labour productivity measured as output per hour was down as output increased slower (+2.6%) than hours worked (+4.9%). From the fourth quarter 2013 to the fourth quarter 2014, productivity decreased 0.1 percent, reflecting slower increase ...
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March 04, 2015RESIDENTIAL CONSTRUCTION INVESTMENT 4TH QUARTER AND ANNUAL 2014
Nova Scotia's residential construction investment fell by 3.1 per cent in the fourth quarter of 2014. Residential construction investments typically decline in the colder quarters of the year (Q1 and Q4). Across all of 2014, Nova Scotia's residential construction investments declined by 9.9 per cent to $2.2 billion. Canadian residential construction investment was up by 3.8 per cent to $109.5 billion.