December 6, 2016
Canada and the U.S. are diverging when it comes to how their central banks view the recovery. That's reflected in the odds investors are assigning to a rate increase this month at the Bank of Canada (0%) versus the Federal Reserve (100%).
The U.S. trade deficit widened to a four-month high in October as overseas sales weakened and American companies imported more equipment and consumer goods. The gap grew to $42.6 billion from the prior month's revised $36.2 billion.
Former hedge fund manager Xu Xiang pleaded guilty to charges of market manipulation in one of the most high profile cases to follow last year's stock market collapse. Xu was charged with colluding to manipulate share prices in '09 and ran through '15.
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