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Stock market crash with red chart in background and bear in front. Bearish market trend concept.

Corporate defaults to peak in 2024: Fitch

Tighter financing environment, declining economic growth to drive defaults

Concept of bearish in stock market exchange, graphic of low poly bear with decreasing graph

Economists predict U.S. economy can avoid a recession

Most of the surveyed economists expect inflation to continue to slow in 2024

a man on a precipice

Solid outlook for exchanges, clearinghouses in 2024

Continued diversification into market data, analytics will support exchanges' profits

Unemployment rate rises to 5.8% in November

Canadian economy added a modest 25,000 jobs in the month

Male worker standing with a trolley with boxes in warehouse. Warehouse worker in uniform with a cart in aisle of storage racks.

Labour demand eases in September: StatsCan

Job vacancies continue their steady decline

Canadian flag and chart

Canadian economy shrank in Q3

Economists expect Bank of Canada to remain on hold amid economic weakness

European Union headquarters

Inflation in Europe falls to 2.4%, but economy has stalled

With the weakening economic outlook, the European Central Bank is expected to hold rates in December

Crypto money

Canadians less interested in crypto assets, survey finds

Financial advisors less likely to recommend investing in crypto assets this year compared to last year

dominos falling

Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool

U.S. prices were unchanged from September to October

Stick figures

Labour shortages cost small businesses $38 billion in lost sales last year: CFIB

Staffing issues led some employers to work more hours, reduce hours of operation and refuse services contracts

trader at desk

Securities industry outlook neutral for 2024: Fitch

Rating agency sees modest profit improvement ahead for industry

Current account deficit shrinks in Q3: StatsCan

Swing to surplus in goods trade curbs deficit, led by higher oil prices

Banks’ rating outlook brightens: Fitch

Outlook shifts to neutral as banks adapt to higher rate environment

Digital currency

Questionnaire shows Canadians largely oppose digital loonie

Bank of Canada survey suggest top concerns are privacy and low levels of trust in institutions to protect personal data

Globe dollars

World economy expected to slow due to inflation, high rates and war: OECD

The organization projects that recessions will be avoided "almost everywhere"

U.S. economic growth for last quarter revised up

Consumer spending puts economy on track for 5.2% annual growth, up from 4.9% estimated last quarter

Federal Reserve

Fed’s Waller raises possibility of a rate cut by spring if inflation keeps slowing

The remarks on Tuesday suggested the Fed's outlook for interest rates may have decisively shifted in the past few months

American consumers more confident in November as holiday shopping season kicks into high gear

The Conference Board's consumer confidence index rose to 102 from 99.1 in October

Canadian flag

S&P cuts Canada’s GDP forecast

Rating agency expects 100 basis points of rate cuts next year

Hospital workers

Life expectancy declines for third straight year, StatsCan reports

Deaths from Covid-19 reached their highest level in 2022

African businessman holding letter reading bad bank news about debt

Inflation, recession fears dampen financial confidence: report

IG Wealth Management's annual index showed fears about the economy weighing on Canadians

  • By: IE Staff
  • November 28, 2023 November 28, 2023
  • 11:45
Consumer concerns

Household credit contracting, report says

Inflation-adjusted credit declined for first time since 1990s recession, according to National Bank Financial

U.S. bank earnings under pressure from funding shifts

Deposits continue to feel the strain since U.S. bank failures in the spring, Moody's says

Low angle view of Skyscrapers in downtown Toronto during the day

Banks set to report earnings strained by economic slowdown

Banks are slowing the pace of new lending and setting aside more money for bad loans

Boardroom talk

Boards of Canadian companies slowly becoming more diverse: report

Female directors are driving improved ethnic diversity