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Building under construction

Annual pace of housing starts edged up in October: CMHC

Single-detached urban starts contributed to the increase

senior woman on a laptop

More seniors choosing to age in home: CMHC report

Seniors living longer may reduce the need for downsizing

home financing

Home sales slow in October as buyers hibernate early

The national average home price rose 1.8% year-over-year to $656,625

a man, possibly a woman, peruses a dining app while enjoying a machiatto

U.S. retail sales slip in October as consumers pull back

The figures reflect a slowdown in consumers' willingness to spend after a blowout summer

Wholesale sales surprise to upside

Auto sector leads gain in wholesale activity as inventories shrink

Man on dollar cloud

‘Hard truths’ about predictions heading into outlook season

Manulife's Frances Donald warns that the current environment has made forecasting very difficult

Global growth

High rates slam the brakes on credit growth: Fitch

Across advanced economies, lending demand slowed sharply

Image of unemployed workers

Unemployment stayed flat in September: OECD

More recent data in Canada, U.S. points to rising joblessness

inflation

U.S. consumer inflation eased in October

Cheaper gas slowed overall price increases

empty wallet

Credit card debt pressures intensifying: Fitch

Amid higher interest rates, rising debts, payment struggles surge

Man on dollar cloud

Global asset managers’ outlook dims: Fitch

Traditional managers to face greater pressure than alt managers

Using a cell phone for finance

Economic slowdown to hit differently: Moody’s

Slowing forecasts diverge as the growing pain of higher rates plays out

Apartment building

Average Canadian rent price hits new high in October

9.9% year-over-year increase is sixth consecutive monthly record high

Fragile global economy at stake as U.S. and China meet at APEC summit

Wednesday’s planned meeting between Biden and Xi would be the first time the two leaders will have spoken in a year

Credit rating

Moody’s lowers U.S. credit outlook but keeps triple-A rating

Biden administration criticizes the Moody's decision, insisting that the U.S. economy remains strong

Oil barrels

Oil price shock could impact global growth, inflation: Fitch

Ratings agency says geopolitical conflict that drives oil prices higher would weigh on world GDP

T4 statement

Top 1% of tax filers saw incomes rise by almost 10% in 2021: StatsCan

Those in the bottom half of earners saw their average income decline

Updated: RBC, BMO commit to racial equity audits following engagement from investors

Initiative received 42% support from RBC shareholders at latest AGM, and 37% from BMO shareholders

British currency

British economy flatlines in third quarter of the year

Quarterly outcome was nevertheless slightly ahead of analysts' expectations for a modest decline in output

German government advisers see only modest growth next year

Panel joins several other forecasters in revising downward its outlook for Europe's biggest economy

Bank teller

U.S. banks face rising funding costs: DBRS

Profits face further pressure as deposit rates continue to increase

Budget update: Quebec boosts aid payments, says economy is in “stagnation”

The government is increasing certain tax credits and social benefits

Arrow cube

Bank of Canada summary reveals hawkish tone to rate deliberations

Members said it's more likely than not that interest rates will need to go higher to get inflation back to target levels

inflation

Consumer inflation expectations rise: ECB

Short-term expectations increase, long-term view unchanged

deal making

M&A deal activity retreats in Q3: Crosbie

Economic uncertainty, tight finances weighing on deal flow