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Latest news in Research and Markets

Fighting for empty office chair

U.S. filings for jobless claims inch up modestly

Continuing claims rise for ninth straight week

Fed wants more evidence of cooling before it cuts rates

Minutes of most recent meeting show that policymakers are in no rush to reduce borrowing costs

Investing

Canadian capital markets activity rebounds

RBC Capital Markets dominates underwriting league tables

International Trade

Merchandise trade deficit widened to $1.9B in May: StatsCan

Exports dampened by lower energy prices and volatility in gold shipments

Real estate

More rental housing needed despite uptick: RBC economist

Rental housing increasingly popular due to demographic shifts and the unaffordability of home ownership

Vancouver skyline

Vancouver home sales fall as inventory continues to build

Real estate board says the number of homes sold in June tumbled 19.1%

Global M&A rises, even as deal numbers dwindle

Surge in mega deals, valuations drive dealmaking activity in first six months of 2024

Pension saving

Canadian pension plans were volatile in Q2: Mercer

Interest rate changes and inflation risks affected plans

Global capital markets activity up in first half of 2024: LSEG

Both equity and debt issuance rises in the first six months of the year

U.S. inflation is slowing again, though it isn’t yet time to cut rates: Powell

Powell said the U.S. economy and job market remain fundamentally healthy

U.S. job openings rise to 8.1 million despite higher interest rates

The U.S. economy, job market have been resilient in the face of the Fed's campaign to raise interest rates to rein in inflation

Europe flag and money

The European Central Bank is in no hurry to make more rate cuts

The European economy has slogged through quarter after quarter of near-zero growth

Wall Street sees Fed easing into rate cuts

Economy performing better than expected, pushing out Fed action

Heavy weight

Business and consumer insolvencies rise in May

Year-over-year insolvency levels have been rising for more than two years

Arrow blocks

Economy grew 0.3% in April: StatsCan

Both goods-producing and services sides of the economy showed growth

Fed’s preferred inflation gauge shows price pressures easing

Average prices still remain far above where they were before the pandemic

Arrow blocks

U.S. economic growth for last quarter revised up slightly

Recorded pace was slowest quarterly growth since spring 2022

Federal Reserve building

Interest costs crimping corporate profits: S&P

U.S. corporates' interest coverage continued decline in Q1

estate planning

Strong demand driving global housing markets: Fitch

Moderate price growth is forecast, and arrears is expected to rise slightly

Wrestling inflation

BoC’s next move less certain after inflation rate ticks higher in May

Monthly increase means central bank could pause at July meeting

Real Estate Agent Showing a Beautiful Big House to a Young Successful Couple. People Standing Outside on a Warm Day on a Lawn, Talking with Businesswoman, Discussing Buying a New Home.

Homebuyers lean on family to fund down payments

Gifts to support home purchases rising alongside home prices, CIBC says

Made in Canada

Canadians increase home bias over past year

Vanguard study finds Canadians are 18 times overweight their domestic holdings

Resilient U.S. consumer set to weaken: Moody’s

Weaker labour market, still-high interest rates and dwindling savings to crimp consumer spending

Points on a graph

Population could hit 63 million by 2073: StatsCan

Range of possible futures depends on immigration levels

Globe graph

Fund assets climb, sales remain a mixed bag: IFIC

Mutual funds stuck in net redemptions, while ETFs remain in positive sales territory