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US Canadian dollar

Federal Reserve’s favoured inflation gauge tumbles in November

Month-over-month drop was the largest since April 2020

Household debt burden

Income growth cushions rising mortgage costs

While pockets will suffer from rising rates, overall stress should be modest

Retail sales rose 0.7% to $66.9 billion in October: StatsCan

Such numbers won't keep climbing, analysts warn

Arrow cube

Mutual fund redemptions continue in November

Net sales have been negative since March

Bank of Canada headquarters

Odds of more rate hikes have fallen, BoC agreed during latest deliberations

Members of governing council were more optimistic about the country's inflation outlook and found "recent data pointed in the right direction"

Euro map

EU countries agree on compromise for overhaul of bloc’s fiscal rules

Deal struck after France and Germany agree on how to support investment when budget deficits exceed set limits

outline of people

Demographics surprise economists, central bank

Without a surging population, inflation may already be under control, NBF report suggests

House for sale

Skid in U.S. home sales snaps with easing mortgage rates

Existing home sales rose 0.8% in November to seasonally adjusted annual rate of 3.82 million

Collage of british pounds

Speculation ramps up for U.K. rate cut as inflation falls

Drop to two-year low of 3.9% in November was bigger than anticipated in financial markets

Arrow cube

Japan’s central bank keeps its negative interest rate unchanged, says it’s watching wage trends

Central bank is not expected to rush its exit from quantitative easing

outline of people

Statistics Canada reports record population growth of 430,000 in Q3

The agency says figures for the first nine months of 2023 have already surpassed the total growth in any other full year

Inflation balloon

Inflation holds at 3.1% in November as progress in tamping down price growth stalls

Economists say the slightly disappointing figure doesn't change the Bank of Canada's plans

Apartment building

Annual rent increases slowing as average asking price reaches $2,174 in November

There were notable slowdowns in two of Canada's most expensive major cities for renters

Shadow banks retreat amid high interest rates

The sector's assets and share of global assets dropped last year, according to the FSB

a man on a precipice

Canadian economy “dancing around the edge of recession” going into 2024

Soft landings are in sight for Canada and the U.S., according to outlook reports from Scotiabank and BMO

Bank of Canada building

Macklem sees inflation falling as economy slows

It's still too early to consider cutting the policy rate, the Bank of Canada governor said in a speech

Hands counts money on American flag background

Investors reduced foreign equities holdings in October: StatsCan

Foreign investors sold Canadian securities, while Canadians divested U.S. stocks

Canadian flag

Provincial credit ratings to remain stable in 2024, predicts DBRS

The ratings agency says the provinces have strong fiscal discipline

  • By: IE Staff
  • December 15, 2023 December 15, 2023
  • 11:32
Building graph

Easy profits may be over for corporate Canada, CIBC warns

Earnings expectations will need to account for a changing environment

Stick figures

Jobless rate stable in October: OECD

Unemployment has since increased in Canada, but declined in the U.S.

Federal Reserve building

Fed keeps key interest rate unchanged

Central bank foresees three rate cuts next year

Heavy weight

Household debt ratio falls in Q3, but service costs rise

Statistics Canada found household disposable income rose 1.0%, while credit market debt gained 0.8%

Crystal ball with lake and mountains

Will there be a soft landing in 2024?

What happens next year is mainly in the hands of central banks, economists say

crunching numbers

Equifax report says Q3 business delinquencies up from previous quarter

More businesses are seeking credit as the end of the year approaches

Fearless girl in Manhattan

Pandemic exacerbates U.S. banks’ gender parity challenge

Pipeline of female leaders diverted by workplace shifts, DBRS says