Oil has found new life after reports showed that oil supply could actually fall. The Energy Information Administration destroyed that myth after it reported that U.S. crude supply fell by 5.6 million barrels.
The U.S. economy expanded in the third quarter at a faster pace than initially reported, led by the biggest increase in inventories since early 1998. Consumer spending slowed.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
Canada’s dollar fell to the lowest level in three years as central-bank Governor Stephen Poloz warned of the risks of low inflation, spurring speculation interest-rate cuts may be considered.