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Economy cools, but likely not enough for BoC

Scotia sees price pressures persisting even as growth slows

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Global economy needs peace in Ukraine: OECD

War continues to intensify the headwinds to growth, group warns

  • November 22, 2022 November 22, 2022
  • 15:05
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Statistics Canada reports retail sales down 0.5% in September

Gasoline down 2.4%, convenience store sales drop 1.5%

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Growth stayed sluggish in Q3, OECD says

U.S. growth returned to positive territory, while growth slowed in Canada and elsewhere

  • By: Staff
  • November 21, 2022 November 21, 2022
  • 14:15
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Investors fled Canadian securities in September: StatsCan

Domestic investors added record amounts of foreign bonds

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Financial stability risks rising, ECB warns

Deteriorating economic, financial conditions could amplify financial sector stress

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Women make gains among the 1%

StatsCan reports that high earners saw incomes decline in 2020, but women fared better than men

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U.S. retail sales rose 1.3% last month, a sign of resilience

Credit card balances up 15%, grocery spending down

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CMHC says annual pace of housing starts slowed in October

Rate dropped 11% to 267,055 units, from 298,811 in September

Inflation

Economists see signs of inflation easing, despite annual rate holding steady

Mortgage interest, gas and grocery costs are rising but inflation slowed to 6.9% from 8.1% in June

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‘Tumbleweeds’ in Canadian housing market as prices drop

The national average home price in October was down almost 10% from a year ago

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Economists warn Canada’s inflation rate likely ticked higher in October

Statistics Canada will release its October inflation report on Wednesday

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Peak rates in sight but don’t expect cuts soon: Tal

Faced with choice of inflation or recession, BoC will choose recession

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Slowdown will impact low-income earners most, Macklem says

BoC governor said increasing supply in the economy will help ease inflation

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Cracks in the global financial system may be exposed

High debt, tighter conditions, geopolitical threats could reveal vulnerabilities, FSB warns

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EU expects recession to hit this year, U.K. GDP drops in Q3

Britain’s GDP dropped 0.6% in September while recession will start in Q4 for most EU nations

Central banks unlikely to reverse field in 2023: Fitch

Inflation fight is expected to require higher-for-longer interest rates

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New Brunswick’s budget surplus balloons above spring estimate

The province projects an increase of $739 million over the figure forecasted in March

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Canada’s low unemployment rate is unsustainable, contributing to inflation: Macklem

Policies to promote an increase in workers would help, the Bank of Canada governor said

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Unemployment remains near record lows: OECD

Jobless rate held steady in September, below pre-pandemic mark

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U.S. consumer inflation eased to 7.7% over past 12 months

The prospect of slower interest rate hikes sent U.S. markets soaring

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Major economies facing slower growth: OECD

Latest leading indicators continue to signal slowing momentum in most markets

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Mixed outlook for commodities in 2023

The fallout from Russia's invasion of Ukraine and a gloomier economic outlook weighs on commodities

  • By: Staff
  • November 9, 2022 November 9, 2022
  • 09:15
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Insolvencies surge in September

Bankruptcy and debt restructuring activity on the rise

  • By: Staff
  • November 8, 2022 November 8, 2022
  • 13:11
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U.S. slows, but not fast enough for Fed

Data points to growth slowdown, but rates still heading higher, Moody's says

  • By: Staff
  • November 7, 2022 November 7, 2022
  • 13:42