Latest news in Research and Markets

100-dollar-bill

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

Biggest year-over-year gain since April

Wall Street banks to see investment banking boost

Sales and trading revenue likely flat in Q3, while new issue and deal activity rose, Moody's says

No evidence of green premium, research finds

European watchdog ESMA examines greenwashing risks in a sustainable debt review

Despite gains, Canadian job market weaker than it looks

Almost all the gains were in the historically volatile education sector, economist explains

Now hiring sign

U.S. employers add a surprising 336,000 jobs in September

This sustained strength makes it likelier that the Federal Reserve will raise its key rate again before year's end

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Equity issuance surges in Q3: Refinitiv

BMO tops equity league tables, RBC leads debt rankings

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Rough return to office to weigh on banks: DBRS

Weakness in commercial real estate will impact Big Six loan portfolios

Clients satisfied with advisors, despite fewer fee and suitability discussions

IFIC's annual investor poll found fewer investors are relying on advisors for fund purchases

International Trade

Canada posts $718M merchandise trade surplus for August

Exports of gold and crude oil helped drive results

Housing chart

Toronto home sales drop 7% in September, while Vancouver market more balanced

TD Economics expects declines in sales and prices into 2024 across most regions

Mining resources

Commodities outlook contingent on China: Fitch

Rating agency believes oil rally has peaked

Pension solvency improves in Q3 despite negative returns

Rising yields lead to "Goldilocks environment" for pension plans

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Investment banking fees hit the skids

Weak deal activity, syndicated lending drive drop in bankers' fees

Now hiring sign

More evidence U.S. job market remains hot after openings rise unexpectedly in August

American employers posted 9.6 million job openings in August, up from 8.9 million in July

Inflation

Frequent price increases by businesses contributing to sticky inflation: BoC official

Deputy governor says the bank is rethinking its assumptions about what drives inflation

Household debt burden

Homeowners brace for mortgage payment shock amid higher-for-longer rate outlook

Banks and other lenders have been stretching out amortizations to reduce monthly payments

Global growth

Global equity and debt market activity edge higher

Through three quarters, equity issuance is up 8% and debt rose 2%, Refinitiv reports

Canadian flag

Feds post $1.2 billion deficit between April and July: Finance Department

That compares to a surplus of $6.3 billion during the same period last year

Helping clients deal with potential Brexit disruption

Inflation drops to a two-year low in Europe

Annual rate pegged at 4.3% this month, a drop from 5.2% in August

US currency and graph

Higher gas prices lift inflation gauge but underlying price pressures remain mild

Latest report raises speculation that the Fed will leave interest rates unchanged at its next meeting

canadian money

Statistics Canada reports real GDP essentially unchanged in July

Services-producing industries gained 0.1% in the month, goods-producing industries contracted 0.3%

Interest rate uncertain

Canadian economy to get back on its feet next year: Deloitte Canada

Recovery will pick up steam in the second half of 2024, the company forecast

Arrow blocks

U.S. economy grew at 2.1% rate last quarter

Surprising resilience continues amid tighter monetary policy

jobless puzzle pieces

Labour slack grows, but wage inflation persists

Payroll employment flat, vacancies rise, StatsCan reports