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U.S. dollar

Net worth of typical U.S. household surges

Wealth for the median household jumped 37% from 2019 to 2022, helping to sustain economic growth

crunching numbers

MNP consumer debt index improves, but consumer outlook worsens

51% of Canadians reported that they were $200 away or less from not being able to meet all their financial obligations

home building

CMHC reports annual pace of housing starts up in September

Monthly seasonally adjusted annual rate of housing starts in September came in at 270,466 units, up from 250,383 in August

Piles of coins

U.S. fund flows, AUM poised to resume gains

Bond funds set to shine, as equities cool, ISS MI forecasts

China

China’s economy grows 4.9% in Q3

The world's second-largest economy beat expectations but economy slowing from previous quarter

British pounds

U.K. inflation unchanged at 6.7% in September

Nevertheless, Bank of England not expected to raise interest rates at next policy meeting

Mortgage signing

Banks to weather capital impact of risky mortgages

Change to address negative amortization mortgages a positive, Fitch says

online investing

Retail sales rise solid 0.7% in September, reflecting U.S. shoppers’ resilience despite higher prices

Strong sales suggest the economy may not slow as much in the final three months of the year as previously expected

Wrestling inflation

Slowdown in inflation supports interest rate pause next week, economists say

The latest reading is good news for the central bank ahead of its Oct. 25 rate decision

Coin stacks

Low-rated companies feeling financial stress: Fitch

Companies missing interest payments signal effects of strains

Investors add foreign equities in August: StatsCan

Foreign investors sold Canadian securities, while domestic investors added to offshore holdings

Heavy weight

Corporate debt refinancing risk on the rise: Moody’s

Record amounts of corporate debt to come due over the next five years

Canadian flags in business district

Business gloom deepens as sales moderate, Bank of Canada survey finds

The gap between perception and actual inflation is unusually wide

Businessman on slide

Economy expected to stagnate in second half of 2023: PBO

Federal deficit projected to rise to $46.5 billion in 2023-24, up from an estimated $38.7 billion for 2022-23

Association cuts forecast for home sales and prices this year

Canadian Real Estate Association expects a nearly 10% drop in the number of residential properties to trade hands compared with 2022

Sliced pumpkin pie above view on blue background. People grabbing slices of cake stock photo

Ontario clients split on compensation in seg funds: poll

Respondents to FSRA survey had mixed views on how they preferred to pay financial advisors

China flag

China’s inflation data show economy in doldrums

Economists say the worst might have passed, with September trade up slightly from August, and manufacturing showing signs of improvement

Boardroom talk

Macklem says BoC has tough deliberations ahead

Governors held key interest rate steady last month, but signalled they haven't closed the door to more rate hikes if needed

Oil barrels

Oil price outlook deeply uncertain: TD

Global oil market faces wide range of upside, downside risks

Housing chart

Royal LePage downgrades Q4 housing price forecast

The decrease reflects a sluggish third quarter

Federal Reserve

U.S. inflation grinds lower in September

But prices continue to rise faster than is consistent with the Fed's 2% target

Heavy weight

Negative rating action rises for private borrowers

Defaults still low, but DBRS on guard for deteriorating financials

German colours against chart

German government forecasts that the country’s economy will shrink by 0.4% this year

Revises April forecast, when it predicted 0.4% growth

Statistics Canada reports value of building permits up 3.4% in August

Modest declines in residential construction plans, total monthly value of non-residential permits rose 14.8% to $5.0 billion

100-dollar-bill

Wholesale inflation in U.S. rises 2.2% in September

Biggest year-over-year gain since April