A bigger than foreseen increase in consumer spending has lifted the U.K. above Italy
The pandemic made an existing problem worse, economist says
"Sound management of economic policy is expected to continue," the rating agency said
The risk of tax increases may be higher in this government than the previous one
White House officials harbour frustrations over the slow pace of distributing money for some of its programs
The economy added 90,000 jobs in August, while the unemployment rate fell to 7.1% for the month
The U.S. economic pullback reflects concerns about the delta variant
America's employers added just 235,000 jobs last month
Taking population growth into account, CIBC says Canada's employment gap is around 650,000
The drop in the deficit came as spending dropped compared with a year ago