Pandemic restrictions weigh on U.S. consumers
Retail sales stateside are "very disappointing," BMO says
- By: James Langton
- December 16, 2020 December 16, 2020
- 12:45
Retail sales stateside are "very disappointing," BMO says
In October, sales were up 3.3% from pre-pandemic levels
The budget officer's estimate surpasses that of the federal government
Home prices and rent drove the increase
Protectionist policies and attitudes toward U.S. President Donald Trump helped Canada land global talent
Canada's real estate market is on pace for an annual sales record
A combination of vaccines and ongoing fiscal support will power the rebound
RBC expects the economy to bounce back to pre-pandemic levels by the end of next year
The forecast comes after a year when the real estate market defied expectations
The central bank's policy meeting coincides with a record-shattering resurgence of the coronavirus
Debt increased to 170.7% in the third quarter, says StatsCan
Millennials are less likely to bounce back than older generations, StatsCan finds
A deputy governor of the Bank of Canada provides detail on its bond-buying program
Parliamentary budget officer Yves Giroux says he's concerned by the lack of detail
International assets hit record highs in Q3, StatsCan reported
StatsCan reports non-bank lenders granted payment holidays to $25.4 billion worth of mortgages
Inflation has been dormant for most of the past decade, allowing the Fed to push interest rates to ultra-low levels
Announcement comes as Covid-19 related shutdowns hurt pre-Christmas sales revenue
Provinces will feel economic pinch in 2021 due to pandemic spending, oil prices
Demand is expected to suffer amid higher unemployment, declining rents and stress test requirements
The central bank plans to continue buying about $4 billion in bonds per week
The temporary elimination of GST/HST is among 30 recommendations made by the Canadian Chamber of Commerce
MFDA to continue accepting documents from dealers in electronic format
Without growing revenues, federal spending plans could weigh on Canada's AA rating
A report from CIBC says the Bank of Canada’s outlook may be overly pessimistic