Sovereign outlook balanced: Fitch
Easing financial conditions cushion impact of slowing global economy
- By: James Langton
- June 21, 2024 June 21, 2024
- 15:04
The overall trend in spending points to softness, however
Despite initial cut, monetary policy remains restrictive, and economy faces other headwinds
Weekly unemployment claims — a proxy for layoffs — remain at low levels by historical standards
The central bank kept its rate steady even though inflation has fallen to its 2% target
The next time MPs take their seats will be Sept. 16
Fund manager survey finds investor sentiment growing gloomy
While there was concern progress could stall, consensus was inflation would continue downward momentum
Temporary residents drive growth, but StatsCan sees signs of slowing
HELOCs, credit card balances grow faster than mortgage debt, StatsCan reports
Conservative Party seizes on news as proof its economic plan is working
Wages still rising despite waning labour demand, StatsCan reports
Retail sales rose below the pace that economists projected
Trend could reverse given lower interest rates
Services inflation is running hot, while goods disinflation is set to slow, NBF says
Offshore investing in bonds hit highest level since pandemic
Rate cuts remain data dependent as growth cools, recession avoided
Macro and sector-specific factors favour a rebound in North American deals
Research suggests that further slack is needed to bring inflation back to target
Total account assets hit $2.8 billion in 2023, based on CRA data
The central bank is working to rebuild trust with the public and be transparent in how it works
The four-week average of claims, which softens some of the week-to-week volatility, rose to 227,000