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Poorer households hit harder by economic conditions: StatsCan

Wealth and income inequality rose in the first quarter

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Headline inflation drops, core persists: OECD

Declining energy and food prices drive sharp drop in consumer prices in May

  • By: Staff
  • July 4, 2023 July 4, 2023
  • 13:22
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Inflation driving U.S. defaults: Fitch

Continuing cost pressures, rate hikes pushing companies toward default

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Record immigration driving record emissions: NBF

Report highlights an unwelcome side effect of strong population growth

  • By: Staff
  • June 30, 2023 June 30, 2023
  • 12:29
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Fewer consumers think a recession is likely, finds BoC

Businesses getting closer to pre-pandemic wage growth, according to Bank of Canada outlook survey

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Canadian economy steady as real GDP remains unchanged

Although GDP was flat for April, it showed strengths

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Drop in business optimism in June may indicate cooling economy

The decrease in confidence follows a seven-month upswing, the CFIB said

  • By: Staff
  • June 29, 2023 June 29, 2023
  • 14:51
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Inflation is moving in different directions in Europe

Prices rise in Germany and fall in Spain

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U.S. economic growth last quarter is revised up sharply to 2%

Consumers continue to spend despite rising borrowing costs

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The largest U.S. banks would survive a severe recession, the Fed’s “stress tests” show

The Fed's scenario had a 40% decline in commercial real estate prices

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Policymakers set stage for digital euro

European Commission proposes legal framework, ECB to have final call on digital currency

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Trade shifts from friend to foe for central bankers

Waning globalization complicates BoC's inflation challenge, TD report says

World currencies

Top central bankers assert need for higher interest rates to tackle persistent inflation

Despite rate increases, Fed chairman says rates "haven't been restrictive very long"

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Canadians’ household debt is high, but risk of major shock is low: economists

While more Canadians will fall behind on debt payments, recent report says most households will manage

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Canada’s inflation rate tumbles to 3.4%, but forecasters still expect July rate hike

The long-awaited decline in food inflation has yet to come

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Emerging markets could surpass U.S. market cap by 2030

Led by India, EM expected to gain upper hand in global equity market capitalization, Goldman Sachs says

Housing market holding up better than expected: Fitch

Rating agency revises forecast for housing market in Canada, among others

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Most forecasters expect BoC to raise interest rates again in July

A dip in inflation may not be enough to stop another rate hike

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Rocky road ahead for North American banks: Fitch

Rising loan losses, growing expenses eating into banks' bottom lines

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Government benefits helped lower income households afford rising cost of living: PBO

Households had greater purchasing power in Q4 2022 than before the pandemic

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U.K. recession fears mount after Bank of England hikes borrowing rates by more than expected

With inflation at 8.7%, monetary policy committee raised interest rate to 5%

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BoC debated waiting until July to hike rates, but says data prompted it to act sooner

Latest hike came after inflation rose slightly to 4.4% in April

Global growth

Surprising strength has Fitch boosting global forecast

Rates to stay higher for longer amid inflation, 2024 forecast revised down

Retail sales

Retail sales rose 1.1% in April, Statistics Canada says

Sales at general merchandise retailers rose 3.3% in April, while food and beverage retailers saw a gain of 1.5%