Latest news in Research and Markets

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

Bank of Canada headquarters

Labour market must chill for inflation to retreat

Research suggests that further slack is needed to bring inflation back to target

housing costs

Some FHSA holders made qualifying withdrawals in account’s first year

Total account assets hit $2.8 billion in 2023, based on CRA data

Bank of Canada note

BoC deputy governor says bar for using QE again will be very high

The central bank is working to rebuild trust with the public and be transparent in how it works

Stick figures

U.S. jobless benefit claims jump to highest level in 10 months

The four-week average of claims, which softens some of the week-to-week volatility, rose to 227,000

Personal finances

Canadian household debt relative to income down in Q1: StatsCan

There was $1.76 in credit market debt for every dollar of household disposable income in Q1

Pension saving

Pension assets rise, driven by bonds: StatsCan

Bonds, foreign equities and infrastructure offset weakness in real estate

United States Federal Reserve System symbol

Fed envisions just one rate cut this year

Officials say there's been “modest further progress” toward the 2% inflation target

iStockphoto

Accuracy of private-market valuations a top concern: poll

About 24% of people surveyed said there are substantial problems or even private market failures

  • By: IE Staff
  • June 12, 2024 June 12, 2024
  • 14:30
Arrow cube

U.S. inflation cooled in May

The longer the Fed keeps borrowing costs high, the more it risks weakening the economy too much

Bank of Canada headquarters

Interest rate policy in Canada and U.S. set to diverge

Bets are now leaning toward a first cut in September in the U.S.

Globe dollars

World Bank boosts growth forecast

Strength of U.S. economy will support global growth of 2.6% this year

Skyline of the financial district

Rate cuts a welcome shift for banks

Easing financial pressures are expected to slow decline in credit quality, boost loan demand

Graphic of U.S. currency

U.S. corporate bankruptcies show little sign of slowing: S&P

High rates, cautious consumers driving insolvency trends

jobless puzzle pieces

Canada’s jobless rate rises to 6.2% in May

Weakening economy and high interest rates push businesses to rein in hiring

increase

Debt securities issuance rises in Q1: StatsCan

Corporate and government borrowing hits highest level since pandemic

Now hiring sign

Who will fill the void as foreign workers depart?

Hard-hit sectors likely to feel the brunt of a decline in cheap labour

Apartment building

Average asking rents in Canada reach record $2,202 in May: report

All provinces recorded year-over-year increases in asking rents for purpose-built and condo rentals

Frankfurt, Germany - November 09, 2020: European Central Bank ECB, EZB headquarters at Eastend Frankfurt, Germany. The European Central Bank (ECB) is the central bank of the Eurozone. Close-up of the logo in front of the building.

ECB jumps ahead of Fed in lowering rates

Analysts say the quarter-point cut is unlikely to usher in a swift series of further cuts

Cyber attack

Credit impacts of cyberattacks on the rise: Moody’s

Business disruption costs are the largest effect of cyber incidents

Hand holding home buying house

Toronto, Vancouver home sales fall in May

More buyers are expected to enter the market as borrowing costs begin to decrease

Arrow cube

Bank of Canada cuts key interest rate for first time in more than four years

Governor says if inflation continues to ease, it is reasonable to expect further cuts