Quick Overview

• The Labor Department said that business productivity was up an annual rate of 4.7% in the third quarter, the best quarterly gain in two years. The U.S. productivity growth is surging, but the wage increases that typically come with such gains have eluded American workers.
  
  

• U.S. factory orders were up 2.2% in October. Excluding transportation, orders were up 0.6% on the month.
  
  

• Industrial production in the U.K. was down 1% in November. YoY retail sales were p 4.6% in November.
  
  

• The Bank of Canada increased its overnight rate from 3.00% to 3.25%.