A drop in energy prices helps nearly everyone, but it helps those at the bottom of the income scale a great deal more — which is good news.
Spending on durable goods rose 0.8 % in the month, but nondurable goods spending fell 0.2 % on a 2.8 %
drop in energy prices.
Real PCE was up 0.4 % in March, as the overall PCE price index was flat due to
the drop in energy prices.
If you held a significant portion of your portfolio in Canadian exposures,
the drop in energy prices and the negative performance in materials would have had significant impact on your overall investment performance.
After four consecutive increases in energy prices, in July
the drop in energy prices and the decrease in the pace of core inflation together dragged headline inflation down.
If you held a significant portion of your portfolio in Canadian exposures,
the drop in energy prices and the negative performance in materials would have had significant impact on your overall investment performance.
Already hurting from
the drop in energy prices, the Alberta wildfires dealt a blow to the energy sector, forcing the evacuation of Fort McMurray and shutdown of several oilsands operations in the region.
A mix of slower economic growth in China, greater efficiency in energy use, and new energy sources sparked
the drop in energy prices.