Home News Economic Page 2

Latest news in Economic

Cyber Piggy bank. Internet banking, cryptocurrency concept.

Savings stockpile proves resilient: RBC

Pandemic-era deposits intact, likely to persist amid diminished confidence

Background of Canadian money: 5,10,20,50,100 dollar bills and coins, loonie, toonie, quarter, dime, nickel, penny

Bank of Canada raises interest rates, says it will take a “conditional” pause

Wage-price spiral risk down, inflation forecast to fall to 2% by 2024

The Rideau Canal in Ottawa, Canada

Fiscal room tightening as economy teeters, associate finance minister says

Pressures include provinces’ healthcare funding requests

American Dollar Symbol Standing On Wood Surface In Front Of A Graph

Global dividends face a flat 2023: S&P

Payouts to stay flat as companies face rising recession risk

  • By: Staff
  • January 24, 2023 January 24, 2023
  • 15:00
Businessmen are skeptical looking at stock market charts.

Federal Reserve and the markets in standoff on rate hikes

Sooner or later, someone has to blink

Competitive Edge

A quarter of Canadians think prices will eventually fall. Here’s why that’s unlikely

For now, the central bank's worries are far removed from fears of deflation

Background of Canadian money: 5,10,20,50,100 dollar bills and coins, loonie, toonie, quarter, dime, nickel, penny

BoC expected to deliver eighth consecutive rate hike, but it’s probably the last one

“If things get out of hand” BoC “might have to raise rates again,” says TD’s Orlando

people are waiting in the aterminal with their silhouette reverse lighted image

EI benefit recipients dwindle in November

Falling numbers of fired workers likely drove record low EI numbers, find StatsCan

  • By: Staff
  • January 20, 2023 January 20, 2023
  • 14:27
Portrait Of Male Florist Outside Shop

Canadian retail sales fell 0.1% to $61.8 billion in November

Better than expected, new auto sales still increasing

Credit card

Credit card debt hits record high

Mortgage debt growth remains sluggish alongside weaker housing markets, finds StatsCan

close up, business man or lawyer accountant working on accounts using a calculator and writing on documents

Pandemic wealth gains wiped out: StatsCan

A "perfect storm" drove a drop in household net worth in Q3

Federal Reserve Building

Federal Reserve vice-chair backs smaller hikes, saying inflation easing

However, interest rates must remain elevated "for some time," Brainard said

businessman searching with binoculars

Big Six banks face challenging 2023: DBRS Morningstar

Indebted consumers, slower economic growth, potential for recession are key factors in play

  • By: Staff
  • January 19, 2023 January 19, 2023
  • 13:30
UL insurance benefits

Outlook for life insurers remains stable: DBRS Morningstar

Rising interest rates should boost life insurers’ portfolios in the longer term

Federal Reserve System Fed of USA press conference concept. Microphones TV and radio channels with symbol and flag of US Federal Reserve. 3d illustration

Rate hikes have begun to quell U.S. inflation: Fed’s Mester

Mester's comments are notable because she is among the more consistently hawkish members

The Hohensalzburg Fortress in Salzburg Austria with Alps rising in the distance. Built over several hundred years (from the 11th to 16th centures), it is one of the largest medieval castles in Europe with a length of 250 m (820 ft) and a width of 150 m (490 ft) and was added to the UNESCO list of world heritage sites 1996. Today it is one of the most recognized landmarks in central Europe

Corporate credit conditions deteriorating in Europe

Growing macroeconomic headwinds weighing on credit outlooks, Fitch says

Financial District of London and the Tower Bridge

U.K. inflation eases for a 2nd month, falling to 10.5%

Deutsche Bank forecasts Bank of England’s 2% target reachable in 2024

Businessman taking travel plan from a tourist agent at a tourist agency counter.

Canadian consumers defy gloom in holiday season: TD

Data from the bank's customers suggest strong Q4 retail sales

Florist

December retail sales fall 1.1% as inflation takes a toll

Auto, gas, department store sales down

energy sector oil and wind power

Raw material prices pull back in December: StatsCan

Energy prices lead decline, while lumber and metals drop too

percentage change

Despite inflation slowing in December, BoC still expected to hike rates

The annual inflation rate slowed last month to 6.3%

canadian dollar bills stacked background. computer generated 3d photo rendering.

Bank of Canada appoints Nicolas Vincent as new deputy governor

Vincent will be a member of the governing council but will not hold other responsibilities

Man refuel his car on gas station

Oil price outlook volatile, uncertain: Moody’s

Economic risks and supply constraints underpin a cloudy forecast

Worker in protective clothing in factory using machine

First inventory decline in two years: StatsCan

Manufacturing sales flat, new and unfilled order activity softens in November

  • By: Staff
  • January 16, 2023 January 16, 2023
  • 13:58
Man serving customer at the counter in a clothing store stock photo

Bank of Canada’s business and consumer surveys show signs of a weakening economy

Businesses and consumers expect inflation to remain elevated in the short term and ease within five years