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Federal Reserve Bank of Richmond reported manufacturing firms brought robust growth in November. The bank's latest composite index jumped from 12 to 30, the highest it has been since 1993. This rise was bolstered by strengthening conditions across all three components of the index.

China's mountains of debt in the corporate and household sectors in both official bank reports and through shadow banking continues to grow despite Chinese officials efforts to reign it in as the PBoC warns of a Minsky Moment.

The Chinese Central Bank (PBOC) has responded to calls they should Tighten Monetary Policy Following Warnings on Debt and the World Bank warned on the size of Shadow Banking Of Chinese Debt by drafted new regulations for financial institutions. 

Canada Employment increased by 35,000 in October, and the unemployment rate rose 0.1 percentage points to 6.3%.

October's U.S. jobs report added less than expected new non-farm jobs, 261,000 over the 313,000 expected the Bureau of Labor Statistics said on Friday. The unemployment rate is back at a 16-year low of 4.1%. Hurricane affects still impact as particpation rate falls.

Real gross domestic product (GDP) increased 3% in the third quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter of 2017, real GDP increased 3.1%.

Chinese foreign debt has soared after contracting in 2015 and 2106 we have seen a third consecutive quarterly increase by Q2 2017  in lending to China the BIS reports. The annual growth rate is now a brisk 25% The banking systems with the largest claims are United Kingdom, United States, Japan, Chinese Taipei and France.

Canada's Liberal governement gives its Fall Economic Statement where the budget shortfall is now expected to be $19.9 billion. 

Xi Jinping was elected general secretary of the Communist Party of China (CPC) Central Committee for the second term at the first plenary session of the 19th CPC Central Committee on Wednesday.

A new report by Freddie Mac has found that the shortfall of affordable rental units has widened considerably over the past six years.

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