Savings stockpile proves resilient: RBC
Pandemic-era deposits intact, likely to persist amid diminished confidence
- By: James Langton
- January 25, 2023 January 25, 2023
- 14:26
Pandemic-era deposits intact, likely to persist amid diminished confidence
Wage-price spiral risk down, inflation forecast to fall to 2% by 2024
Pressures include provinces’ healthcare funding requests
Payouts to stay flat as companies face rising recession risk
Sooner or later, someone has to blink
For now, the central bank's worries are far removed from fears of deflation
“If things get out of hand” BoC “might have to raise rates again,” says TD’s Orlando
Falling numbers of fired workers likely drove record low EI numbers, find StatsCan
Better than expected, new auto sales still increasing
Mortgage debt growth remains sluggish alongside weaker housing markets, finds StatsCan
A "perfect storm" drove a drop in household net worth in Q3
However, interest rates must remain elevated "for some time," Brainard said
Indebted consumers, slower economic growth, potential for recession are key factors in play
Rising interest rates should boost life insurers’ portfolios in the longer term
Mester's comments are notable because she is among the more consistently hawkish members
Deutsche Bank forecasts Bank of England’s 2% target reachable in 2024
Data from the bank's customers suggest strong Q4 retail sales
Auto, gas, department store sales down
Energy prices lead decline, while lumber and metals drop too
The annual inflation rate slowed last month to 6.3%
Vincent will be a member of the governing council but will not hold other responsibilities
Economic risks and supply constraints underpin a cloudy forecast
Manufacturing sales flat, new and unfilled order activity softens in November
Businesses and consumers expect inflation to remain elevated in the short term and ease within five years