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Made in Canada

Canadians increase home bias over past year

Vanguard study finds Canadians are 18 times overweight their domestic holdings

Two shopaholics carrying paperbags while walking along shop window

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

the globe as currencies

Sovereign outlook balanced: Fitch

Easing financial conditions cushion impact of slowing global economy

Retail sales

Retail sales rose in April

The overall trend in spending points to softness, however

Bank of Canada note

Rate cuts have miles to go before BoC sleeps

Despite initial cut, monetary policy remains restrictive, and economy faces other headwinds

Fighting for empty office chair

U.S. jobless claims fall to 238,000 from 10-month high

Weekly unemployment claims — a proxy for layoffs — remain at low levels by historical standards

The facade of the Royal Exchange in the City of London

Bank of England keeps main interest rate at 16-year high of 5.25%

The central bank kept its rate steady even though inflation has fallen to its 2% target

Interior view of the Canada Commons of Parliament

MPs hit summer campaign circuit as election year looms

The next time MPs take their seats will be Sept. 16

Man on dollar cloud

Investors sour on U.S. equities: S&P

Fund manager survey finds investor sentiment growing gloomy

rules and regulations

EU’s Basel pivot a negative: Moody’s

Decision to delay capital rules casts doubt on global consistency

Bank of Canada headquarters

BoC considered waiting until July to cut interest rates, summary says

While there was concern progress could stall, consensus was inflation would continue downward momentum

Immigration Canada

Immigration pushes population past 41 million mark

Temporary residents drive growth, but StatsCan sees signs of slowing

Heavy weight

Household debt grows, even as mortgages lag

HELOCs, credit card balances grow faster than mortgage debt, StatsCan reports

UK inflation image

U.K. inflation falls to Bank of England’s 2% target rate

Conservative Party seizes on news as proof its economic plan is working

Stick figures

Job vacancies fell by 3.6% in Q1: StatsCan

Wages still rising despite waning labour demand, StatsCan reports

online investing

U.S. retail sales rise a meager 0.1% in May

Retail sales rose below the pace that economists projected

Glass globe on newspaper

Fitch raises global GDP forecast

Global rate cycle has turned, but central banks to stay cautious

Display of household debt items

Home sales in May down from year ago: CREA

Trend could reverse given lower interest rates

dominos falling

Europe’s rising right stokes governance risks: Moody’s

Populism driving polarization, weakening region's governments, institutions

inflation

In U.S., cooler inflation may be tough to sustain

Services inflation is running hot, while goods disinflation is set to slow, NBF says

bonds

Canadian bonds attract foreign investors in April: StatsCan

Offshore investing in bonds hit highest level since pandemic

canadian and usa flags

DBRS sees soft landing for Canada, U.S.

Rate cuts remain data dependent as growth cools, recession avoided

Merger puzzle pieces

Strategic M&A set to revive: Moody’s

Macro and sector-specific factors favour a rebound in North American deals