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<blockquote data-quote="klein" data-source="post: 889001" data-attributes="member: 23950">Recession fears in North America recede on strong factory, consumer dataOTTAWA - Canada&#039;s factories were humming in August, and U.S. consumers were buying last month, strong indicators the North American recovery is alive and kicking.Fresh data released Friday shows Canada&#039;s manufacturers posted a surprisingly robust 1.4 per cent jump in sales to $47.6 billion, almost three times expectations, while in the U.S., consumers bought enough autos, clothing and furniture in September to boost retail sales by 1.1 per cent.Last Friday&#039;s reports of employment growth in the U.S. and Canada added to the brightening sentiment in equity markets that had seen little to cheer about since late July.&quot;It actually looks like the economy did rebound with some authority in the third quarter,&quot; said BMO&#039;s deputy chief economist Douglas Porter.&quot;I&#039;m (also) quite impressed by how well the basic employment and spending numbers have held up in the U.S.,&quot; he added. &quot;That&#039;s not to say the risks of a recession have vaporized, but it shows this recovery is more resilient than people give it credit for.&quot;</blockquote>

[QUOTE="klein, post: 889001, member: 23950"] [B][SIZE=5][COLOR=#0000ff]R[/COLOR]ecession fears in North America recede on strong factory, consumer data[/SIZE][/B] OTTAWA - Canada's factories were humming in August, and U.S. consumers were buying last month, strong indicators the North American recovery is alive and kicking. Fresh data released Friday shows Canada's manufacturers posted a surprisingly robust 1.4 per cent jump in sales to $47.6 billion, almost three times expectations, while in the U.S., consumers bought enough autos, clothing and furniture in September to boost retail sales by 1.1 per cent. Last Friday's reports of employment growth in the U.S. and Canada added to the brightening sentiment in equity markets that had seen little to cheer about since late July. "It actually looks like the economy did rebound with some authority in the third quarter," said BMO's deputy chief economist Douglas Porter. "I'm (also) quite impressed by how well the basic employment and spending numbers have held up in the U.S.," he added. "That's not to say the risks of a recession have vaporized, but it shows this recovery is more resilient than people give it credit for." [/QUOTE]

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