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House building and city construction concept evening outdoor urban view of modern real estate homes

Residential investment has far outpaced business investment

American dollars

The measures would seek to avoid an unprecedented default on U.S. national debt

Businessman has no money. Unemployed and bankrupt man looks into his empty wallet. Stress crisis, unemployed businessmen waiting for new job, recession situation and hopelessness (Businessman has no money. Unemployed and bankrupt man looks into his em

Sales declined in eight of 11 subsectors, representing 65.6% of retail trade

Competitive Edge

Research suggests that temporarily overshooting inflation has economic benefits

Worker in protective clothing in factory using machine

Canada's housing market accounted for two-thirds of economic growth in the first quarter, but business investment hit a wall

Close-up of payment machine buttons with human hand holding plastic card near by

Americans spent more last month on clothing, electronics and dining out

Federal Reserve building in Washington DC, USA

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

Illustration and Painting

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


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

woman leaving job

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