Latest news in Research and Markets

Quebec tables budget with $11B deficit

Finance minister Eric Girard offers no precise timeline to balance books

inflation

U.S. inflation up again in February

Prices rose 0.4% from January to February, higher than the previous month’s figure of 0.3%

India europe

India signs a trade accord with 4 European nations

Deal calls for $100 billion in investments over 15 years

Japan credit card

Japan’s economy avoids recession, revised data show

Economy managed growth of 0.4% in 2023's final quarter

Bankrupt

Insolvencies expected to stay higher in 2024

Experts say economy still playing catch-up after pandemic lows

Apartment building

Average asking rent prices are up 10.5% from 2023

Asking rent reached $2,193 in February

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Banks face array of shareholder proposals

Environment, executive compensation and governance issues highlight the big banks' upcoming proxy season

Stick figures

Canada added 41,000 jobs in February

However, other measures of employment paint a weaker picture of the labour market

Now hiring sign

U.S. employers add a surprisingly strong 275,000 jobs

The latest figures reflected the job market’s sustained ability to withstand the 11 rate hikes imposed by the Fed

World graph

After a weak 2023, capital markets poised to revive

Underwriting activity expected to pick up monetary policy eases, DBRS says

Heavy weight

Global debt growth poses looming challenge: OECD

Highly-indebted countries could face a negative feedback loop

International Trade

Statistics Canada reports $496M merchandise trade surplus for January

Total imports dropped 3.8% to $61.8 billion

Euro map

European Central Bank leaves key rate at record high

ECB President Christine Lagarde hints that any move on rates might have to wait until June

Ontario

Ontario budget set for March 26

Finance Minister Peter Bethlenfalvy says there will be no tax increases

time clock

U.S. securities class actions slower to settle

Aggregate settlement value held up, even as volumes declined

Advisor tracking stocks

Robust derivatives trading boosts U.S. exchanges

Non-trading revenues at U.S. venues also rose in 2023, Fitch reports

Global growth

Core inflation stays high, defying headline decline

While volatile food and energy components ease, other prices resist: OECD

Financial stock exchange market display screen board on the street

Fund managers paid for flows, rather than returns

It's AUM that matters most to managers' careers, research finds

canadian money

PBO expects inflation to fall to 2% by end of year

Report predicts the first rate cut to come in April, slightly earlier than financial markets expect

Sorry we are closed sign board hanging on a door of cafe

Business insolvencies leap higher in January

Consumer insolvencies also increased in January, but not nearly as sharply

Modern Keyboard Button with Vote Icon - Online Voting and Election Concept

Array of shareholder proposals on tap for 2024: ISS

Climate, compensation and governance issues to feature prominently

Concept of real estate, mortgage and lease

B.C., Ontario mortgage-holders increasingly missed payments in Q4

Equifax Canada finds delinquency rates rose outside those provinces at a slower pace

diversity

Gender-related bond issues to grow: Moody’s

Green and social goals can operate hand in hand, report notes

Crypto money

As crypto hype waned, crypto crime did too

Scams and hacking down, but ransomware is resurgent, Chainalysis reports

Canadian flags in business district

Big bank earnings challenged by expenses: Fitch

Upfront spending weighs on banks' bottom lines, despite revenue growth