No free lunch from carbon offsets: Moody’s
The rating agency warned that companies need to be careful when using carbon offsets to reduce emissions
- By: James Langton
- September 18, 2023 September 18, 2023
- 13:25
Annual readings continue to ease despite monthly rises in August
Auto negotiations, energy summit, inflation data and a return to parliament
Economists say recent slack in the economy will convince the BoC to remain on the sidelines
Persistent core inflation remains the key risk to rates, economy
Rising credit provisions, funding costs, pinching bank profits, DBRS says
Offshore investors pile into corporate and government bonds in July
But a return to housing affordability isn’t imminent, says an economist
Weakness in China dragged down overall GDP
Decision raises benchmark deposit rate to 4%, highest since the euro was established in 1999
Fifth straight monthly gain reflects resilient economy despite tough economic environment
Governing board reaches full strength with Biden appointees
Unemployment remains historically low in U.S., Europe
Growth is expected to stay tepid
The supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta, and British Columbia
Decline in the core measure points to inflation coming under control
Disposable income comfortably outpaced the growth in debt, demand for mortgages fell
Market gains tempered by rising Canadian dollar in Q2
Canada's energy sector enjoyed a resurgence in 2022, as Russia's invasion of Ukraine sent commodity prices spiking
Female board representation rose at European banks but management mix was stagnant
Moody's boosts 2023 outlook, sees slowing in 2024
The European Commission lowered its growth forecast for this year and next