Source: The Globe and Mail [Canada]
“New orders for key U.S.-manufactured capital goods increased in September and shipments of these products surged, suggesting business spending on equipment maintained a robust growth pace in the third quarter, though doubts are mounting over the huge cost of building out AI infrastructure. Non-defence capital goods orders excluding aircraft, a closely watched proxy for business spending, rose 0.5 per cent last month after an unrevised 1.6-per-cent jump in August, the Commerce Department’s Census Bureau said on Tuesday. Economists polled by Reuters had forecast these so-called core capital goods orders would advance by 0.7 per cent.” (10/27/26)