The Consumer Price Index remained flat over the previous month and rose 3.3% over the prior year in May — a deceleration from April's 0.3% month-over-month increase and 3.4% annual gain in prices. Both measures beat economist expectations.On a "core" basis, which strips out the more volatile costs of food and gas, prices in May climbed 0.2% over the prior month and 3.4% over last year — cooler than April's data. Both measures also came in ahead of economist estimates.
The Canada Growth Fund, a federal clean-tech financing agency, on Tuesday signed its second deal to backstop carbon prices with a proposed Alberta facility that would convert landfill waste to electricity and sequester the resulting carbon emissions. The proposed waste-to-energy facility, located near Edmonton and the first of its kind in Canada, would be a partnership between Calgary-based Gibson Energy, the CGF and Varme Energy Inc.
Legendary baseball coach and player Frank Robinson famously said, “Close only counts in horseshoes and hand grenades.” The Federal Reserve is living by that precept. -- Growth for global wind power is expected to slow this year as the industry faces struggles with rising costs, limited infrastructure and policy uncertainty.