Growth in household debt rises in July
Credit card debt outpaced other forms of non-mortgage borrowing
- By: James Langton
- September 19, 2023 September 19, 2023
- 13:45
Credit card debt outpaced other forms of non-mortgage borrowing
Another rate hike this year will likely remain on the table, and Fed officials may project fewer cuts for next year
Auto negotiations, energy summit, inflation data and a return to parliament
Economists say recent slack in the economy will convince the BoC to remain on the sidelines
Persistent core inflation remains the key risk to rates, economy
Rising credit provisions, funding costs, pinching bank profits, DBRS says
Offshore investors pile into corporate and government bonds in July
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Treasury secretary says Committee on Foreign Investment is adapting to a changing global economy
Decision raises benchmark deposit rate to 4%, highest since the euro was established in 1999
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Weakness in China, tighter financial conditions weighing on outlook
Growth is expected to stay tepid
The supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta, and British Columbia
Decline in the core measure points to inflation coming under control
Disposable income comfortably outpaced the growth in debt, demand for mortgages fell
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G20 endorsed revised global principles that incorporate sustainability
Moody's boosts 2023 outlook, sees slowing in 2024
The European Commission lowered its growth forecast for this year and next
Overall economic trends point to a slowdown
The central bank cut its reference rate from 6.75% to 6%