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Bank of Canada facade

Bank of Canada watching economy closely after half-point rate cut

Members considered cutting by just a quarter-point

Statistics Canada reports real GDP grew 0.3% in October

The agency's estimate for November indicates real GDP fell 0.1%

Concept of financial data and stock market trading

Fund sales climb, assets surge in November: IFIC

ETF net sales set a year-to-date record

Canadian money

Federal government posts $14.5B deficit for April-to-October period

That's compared to a $15.1B deficit over the same period last year

100-dollar-bill

Federal Reserve’s preferred inflation gauge shows price pressures eased last month

Prices rose just 0.1% from October to November: U.S. Commerce Department

Busy mall

Tax holiday boosting spending at retailers, restaurants: industry groups

Retail Council of Canada says boost in sales, complications depends on the store

U.S. Canada flag

U.S. tariffs potentially devastating for Canadian businesses: CME poll

Tariffs would endanger nearly $600 billion in exports, CME exec says

Economic growth

Canadian retail sales up in October: StatCan

Automotive sector saw the largest increase in sales in the month

Empty chairs

Chillier labour markets prevail in October: StatCan

Payroll employment, job vacancies both decline as labour demand ebbs

home financing

As rates fall, household debt growth picks up: StatCan

Faster mortgage growth, HELOCs push debt over the $3 trillion mark

Housing chart

U.S. home sales hit fastest pace since March

Despite the pickup, sales are on track to be the lowest since 1995

Facade of bank of england

Bank of England keeps key rate steady as it battles inflation

As many as three members voted for a 25 bps cut to the rate, now at 4.75%

Busy mall

U.S. economy grows at 3.1% pace in Q3

GDP growth has topped 2% in eight of the last nine quarters

Stock market down

TSX, U.S. markets sink as Fed forecasts fewer interest rate cuts ahead

The S&P/TSX composite index fell 562.71 points

Fearless girl in Manhattan

US stocks fall sharply after the Fed hints at just 2 rate cuts for 2025

The Dow Jones Industrial Average dropped 2.6%

Federal Reserve

U.S. Federal Reserve cuts key rate by a quarter point

Following its third cut this year, Fed signals fewer reductions in 2025

oil pump

Oil prices seen sliding, but volatility risks rising

Supply and demand should see lower prices, but geopolitics could interfere

Collage of british pounds

U.K. inflation picks up in November

Bank of England expected to keep key interest rate steady at 4.75% when it meets on Thursday

Investment pool

Offshore investors jumping into Canadian securities

Canadian equities, bonds see inflows in October: StatCan

National Bank

Moody’s upgrades National Bank ratings

Bank is outperforming the rest of the Big Six, rating agency reports

Apartment building

Rental supply gains help cool pace of rent growth in 2024: CMHC

Canada’s supply of purpose-built rentals grew 4.1% on an annual basis

Busy mall

U.S. retail sales rose at healthy pace last month

The figures from the U.S. Commerce Department come ahead of the Fed's rate decision on Wednesday

parliament hill

Canada’s quarterly population growth hits slowest pace since early 2022

Canada’s population is estimated to have reached roughly 41.5 million

Falling inflation

Canada’s inflation rate down a tick to 1.9% in November

Black Friday sales helped dampen overall price growth in the month

Housing start

National home sales continue surging, prices rise amid falling interest rates: CREA

The average sale price for November is $694,411, up 7.4% compared to last year