Philly Fed Index Unexpectedly Slides To Lowest Level In Over A Year In December

Philadelphia-area manufacturing activity declined overall in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity slumped to a negative 16.4 in December from a negative 5.5 in November, with a negative reading indicating contraction. Economists...

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Canadian Market Extends Losses

The Canadian market is down in negative territory around noon on Thursday with stocks drifting lower for a sixth straight session, weighed down by lingering concerns about the outlook for growth, fears of tariff hikes, and hawkish comments from the Federal Reserve. The benchmark S&P/TSX Composite Index, which dropped to a low of 24,422.23, is...

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