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Federal Reserve building in Washington DC, USA

Powell says inflation, though elevated, will likely moderate

The Fed chair signalled no imminent change to ultra-low interest rates

Illustration and Painting

Bank of Canada cuts growth forecast for 2021, reduces bond buying target

The central bank expects inflation to run above 3% for the rest of the year

Small white piggy bank sitting on a layer of Canadian twenties bills with a dollar coin (loonie) dropping inside.

As Bank of Canada readies rate call, documents suggest feds will watch closely

The central bank is expected to reduce its weekly purchases of federal bonds on Wednesday

flying

Surge in U.S. consumer prices over the past year the highest since 2008

The increase has heightened concerns that the Fed might introduce rate hikes earlier than expected

Mature businessman looking out of window with face mask stock photo

Pandemic side effects deadly for younger Canadians, data suggests

Drug and alcohol deaths surged last year for those under 65, the agency reported

woman leaving job

Is the pandemic over? Great, I quit

RBC warns that labour shortages are set to rise as retirements resume and more people are willing to leave their jobs

Macro close-up of Federal Reserve logo on USA Federal Reserve Note

Fed won’t boost rates, pare bond purchases until economy stronger

The central bank said in a report that its low-interest-rate policies are providing “powerful support”

waving flag of canada

Economy added 230K jobs in June, StatsCan says

The number of part-time positions rose, while full-time jobs lagged

Close up of a woman using a laptop

FP Canada announces results from QAFP exam in May

Most candidates took the test online

  • By: Staff
  • July 8, 2021 July 8, 2021
  • 16:24
Flag of the European Community in front of the Eurotower in Frankfurt am Main

Europe’s central bank intensifies focus on climate change

Global warming could have ``profound implications'' for price stability, the central bank said

Federal Reserve building in Washington DC, USA

Fed officials discuss timing of reducing bond purchases

Higher inflation could prove more persistent than the U.S. central bank previously indicated

Parliament Hill building closeup in Ottawa, Canada

Pay equity law to come into effect Aug. 31

The legislation is meant to help women get fair compensation from federally regulated employers

Halifax Grand Parade Square

Nova Scotia premier wants his province to become Canada’s start-up capital

The province will axe regulatory fees for new businesses and cut an additional $30 million in “unnecessary regulatory burden”

New York City - beautiful sunset over manhattan with manhattan and brooklyn bridge

U.S. job openings rise to record high, layoffs hit record low

The number of available jobs at the end of May rose to 9.21 million

Family plays

Montreal, Quebec City home prices rose in June while sales fell

Sales in Montreal were down 14% from May, while sales in Quebec City were down almost 18%

Scenic view at Toronto city waterfront skyline at sunset

Toronto home sales and prices down in June

Despite the slowdown, TREBB has upgraded its annual forecast

canadian money house on white background

CMHC changes underwriting practices on mortgage loan insurance

The agency is increasing the gross and total debt service ratios for borrowers

Securities and Exchange trending up

Equities markets enjoy record first half: Refinitiv

RBC Capital Markets was Canada's top underwriter, both in equities and debt

business documents on office table with smart phone and digital tablet and graph business with social network diagram and man working in the background

Hiring intentions hit all-time high in Bank of Canada business outlook survey

Two-fifths of respondents don't expect a quick return to a normal work schedule

Canadian industries

Economy contracted 0.3% in April, StatsCan says

Gross domestic product posted its first decline in a year

Woman Selling Soft Drinks At Farmers Market Stall

U.S. consumer confidence hits highest level since pandemic

The index increased in June for the fifth straight month

Montreal Skyline in winter and Commemorative Jacques Cartier plaque located on the balustrade of the Kondiaronk lookout on Mount Royal

Immigration innovation key to handling aging population: RBC

Canada needs to boost the number of new workers and target labour market shortages

  • By: Staff
  • June 29, 2021 June 29, 2021
  • 11:45
China flag

China’s new three-child policy unlikely to boost population growth: Fitch

Slow growth may persist due to factors such as housing, education costs

wall street, new york city

U.S. consumer spending flat in May

Consumer spending stalled as incomes dropped for a second month and inflation posted a sizeable gain

Female Bakery Stall Holder At Farmers Fresh Food Market

Speedy jab delivery sparks quick recovery

BMO Economics' business activity index rebounded in May after a third wave slump