Lamphier: Keystone approval called ‘a key watermark’ for economic development in U.S.

EDMONTON – If President Barack Obama is serious about reigniting economic growth, creating jobs and ramping up exports, approving the Keystone XL pipeline should be a slam dunk.

That’s the view of many senior U.S. execs, who view TransCanada’s proposed pipeline as a key catalyst for getting the sputtering U.S. economy back in gear.

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US economy shows modest growth in uphill climb

Time and time again, the housing recovery has been deemed a reflector of overall U.S. economic health. And right now, both seem to be showing fairly modest growth.

In the week ending Feb. 23, seasonally adjusted initial jobless claims dropped to 344,000. This is 22,000 fewer than the previous week’s revised total of 366,000 filings, according to the United States Department of Labor.

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Home Prices Log Best Gain Since 2006: Case-Shiller

U.S. single-family home prices picked up in December, closing out 2012 with the biggest yearly gain in more than six years as the housing market got back on its feet, a closely watched survey showed on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas rose 0.9 percent in December on a seasonally adjusted basis, topping expectations for a gain of 0.5 percent.

On a non-adjusted basis, prices were up 0.2 percent.

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