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Inflation

Canadians feel grocery inflation getting worse: poll

Almost a third of Canadians believe the cause is grocery stores trying to increase profit margins

Binder with papers

CPP Investments earned 8.0% in latest fiscal year

Net assets for year ending March 31 totalled $632.3 billion

U.K. inflation

U.K. inflation falls to 2.3%

Consumer price index shows inflation’s fall to lowest level in nearly three years but still above Bank of England's target

Household debt burden

Mortgage performance still strong: Fitch

Robust job market is keeping delinquencies low for now

Low angle view of Skyscrapers in downtown Toronto during the day

Boosting bank competition without sacrificing safety

Open banking, fintech can enhance innovation, DBRS Morningstar says

Tariff hikes inflict political pain, not economic

Cost of latest trade salvo is low, but it escalates tensions, Moody's says

inflation at the grocery store

Canada’s inflation rate falls to 2.7% in April, driving up odds of June rate cut

The slowdown from 2.9% in March was led by food prices, services and durable goods

Mortgages, credit cards drive debt higher

Household debt levels rise in March, StatsCan reports

Globe dollars

Canadian investors pile into foreign equities

Portfolio outflows reach record levels in March, first quarter, StatsCan says

China flag

China rolls out new measures to fix its property crisis, spur growth

The central bank said it will reduce the minimum down payment for mortgages

Abstract lines

Investor risk appetite rises: S&P

Brighter earnings prospects underpin growing optimism, survey finds

Arrow cube

Unemployment sticks below 5% in March: OECD

However, ranks of unemployed women grew in the month

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.

Home sales dip in April as spring listings perk up: CREA

Compared with year ago, sales up 10.1% in the month

Retail sales

Inflation and interest rates curb U.S. retail sales

Commerce Department says retail sales unchanged in April as Americans unexpectedly pause spending

Housing start

CMHC reports decline in annual pace of housing starts

The seasonally adjusted annual rate of housing starts in Canada came in at 240,229 units for April, a drop of 1% from March

Manufacturing

Manufacturing sales down 2.1% at $69.9B in March: StatsCan

Overall manufacturing sales in constant dollars fell 2.0% in the month

Inflation

In first slowdown of 2024, U.S. inflation eases

April figures show slight cooling after three elevated readings

U.S. banks face negative loan growth in Q1: S&P

Net interest margins shrink as loans contract, deposit costs rise

Image of wholesale products

Wholesale sales down 1.1% in March: StatsCan

The agency says the overall decline came as sales were down in three of the seven subsectors it tracks

Federal Reserve

Fed’s Powell downplays potential for a rate hike despite higher price pressures

During a panel discussion, Powell said his confidence that inflation will ease "is not as high as it was"

German colours against chart

U.S. credit metrics deteriorate in Q1: DBRS

Rate environment remains the key downside risk to credit card sector's outlook

Abstract lines

Shift to T+1 poses short-term risk: Moody’s

Ultimately, reduced settlement cycle will pay off for overall financial system

Federal Reserve

Are U.S. interest rates high enough to beat inflation?

The Fed will take its time to find out

keys to new home

April rent prices up 9.3%

The average asking rent for a one-bedroom unit in Canada was $1,915

Empty chairs

Employment strength raises doubts about June rate cut

The April employment gain was the largest monthly increase since January 2023