US: New Home sales recover but below expectations

The annual rate of new home sales in the US during November rose to 490,000 below the 505,000 expected by market consensus. It represents a rise of 4.3%, above the 2%; but the highest percentage is because previous months were revised lower.
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Flat October GDP growth marks slow start for Q4, may lead BoC to cut rate

Statistics Canada’s data released today showed Canada's economy didn't grow in October. The data noted that the economy received support from gains in the resource sector which helped to offset declines in factory production and consumer spending. If it was not for the mining sector the economy would have contracted this month as well.
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