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Europe’s central bank ready to ‘stamp out’ surging inflation

The ECB will end asset purchases on Friday that worked to boost the economy

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U.S. consumer confidence tested as economic anxiety grows

Index declined for second month in a row

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Credit card performance stays strong in Q1: DBRS

Card metrics remain improved from last year, and ahead of pre-pandemic levels

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Job vacancies grow in April to just over one million, wages rise in tight market

Payroll stats returned to or exceeded level of February 2020

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U.S. banks ready for severe recession, stress test finds

Annual Fed stress test projects over US$600 billion in bank losses

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Economy showed signs of stalling in May: BMO

Dual effects of high inflation, rising rates starting to bite

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Amid severe labour shortages, long-term unemployment persists

Young, poorly educated workers still find it tough to get jobs

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Housing affordability is the worst in decades: RBC

Home prices expected to eventually drop, with overheated Ontario and B.C. markets falling most

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Provincial GDP forecasts trimmed: TD

Alberta seen leading growth, while Atlantic provinces will suffer most from high inflation

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Powell: Fed aiming to avoid recession amid inflation fight

It’s ‘absolutely essential’ to ‘restore price stability,’ Fed chair tells lawmakers

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Energy stocks give Canadian market its edge in 2022

Canada outperforms U.S. as recent market trends reverse, Morningstar says

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U.S. loan default forecast for 2023 rises

2024 default rate could rise to 2% or more, warns Fitch Ratings

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Canadian inflation now at highest since ’83

We’re ‘not expecting much of a reprieve,’ TD warns as inflation nearly hits 40-year high

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Oil price surge fuels Alberta housing starts

Housing starts in the province rebounded to 2015 levels in May, finds Statistics Canada

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Powell faces rising criticism for inflation missteps

Some Fed watchers are complaining that the Federal Reserve chairman has failed to articulate a coherent and consistent policy

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Labour markets tightened in Q1: StatsCan

Job vacancies hit record highs, as unemployment reached historic lows

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Retail sales up 0.9% in April

Statistics Canada also says early estimate for retail sales in May suggests a gain of 1.6% for the month

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TD cuts global GDP forecast

Recession isn't inevitable, but the margin to avoid one is slim

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Tighter government purse strings could help BoC

Fiscal policy should be used alongside monetary policy to win inflation fight, Scotiabank says

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As rates rise, household borrowing grows too

Both mortgage and non-mortgage debt rose in April

  • By: Staff
  • June 17, 2022 June 17, 2022
  • 12:33
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Ugly markets aside, DBRS sees soft landing

Risks have risen, but recession isn't inevitable

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Central banks to move faster on inflation: CIBC

Price pressures will ease more quickly than many now expect, report says

Canadian parliament in Ottawa

Freeland touts previously announced measures to combat hot inflation

The finance minister highlighted the feds' planned spending of nearly $9 billion in support this year

The Bank of England.

Bank of England hikes interest rates but resists bolder move

The decision aims to contain inflation without choking off economic growth, the central bank said

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Foreign gains powered pension asset surge: StatsCan

Equities, bonds, real estate and infrastructure all contributed to a 4.2% gain in pension assets