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Fed survey finds severe weather held back economic activity in much of nation this winter
– canadianbusiness.com
WASHINGTON – A Federal Reserve survey shows severe weather held back economic growth in much of the nation from January through early February. Even so, conditions improved in most U.S. regions, thanks to slight gains in areas such as employment and commercial real estate.
Eight of the Fed’s 12 regions reported improved activity, according to the Beige Book survey released Wednesday. The improvement was depicted as “modest to moderate.”
New York and Philadelphia, two regions hard hit by winter storms and freezing cold, reported a dip in activity attributed to the weather. Retail sales, including auto purchases, were depressed. So was manufacturing. Factories reported power outages and delayed deliveries of supplies.
The Beige Book is based on anecdotal reports from businesses and will be considered with other data when the Fed meets March 18-19.
The summary and the individual reports from each of the 12 regions were sprinkled with numerous references to the harsh weather much of the country has endured this winter…
Eight of the Fed’s 12 regions reported improved activity, according to the Beige Book survey released Wednesday. The improvement was depicted as “modest to moderate.”
New York and Philadelphia, two regions hard hit by winter storms and freezing cold, reported a dip in activity attributed to the weather. Retail sales, including auto purchases, were depressed. So was manufacturing. Factories reported power outages and delayed deliveries of supplies.
The Beige Book is based on anecdotal reports from businesses and will be considered with other data when the Fed meets March 18-19.
The summary and the individual reports from each of the 12 regions were sprinkled with numerous references to the harsh weather much of the country has endured this winter…
Canadian energy startup Imaginea raised about C$270 million in private equity, news that comes on the heels of a C$100 million investment in Huron Resources, another new oil and gas company.
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
5.5 year – 2.77%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-01-25. Click on the link above to get more details or apply online.


