Emerging market forecasts higher, for now
Moody's boosts 2023 outlook, sees slowing in 2024
- By: James Langton
- September 11, 2023 September 11, 2023
- 13:23
Moody's boosts 2023 outlook, sees slowing in 2024
The European Commission lowered its growth forecast for this year and next
Overall economic trends point to a slowdown
Canada's main stock index moved lower Thursday on broad-based weakness
Softer jobs market, new listings, restrictive mortgage market all work against housing
Higher upfront cost reduces long-term risks for economy, banks
Ontario and British Columbia premiers also make direct appeals to the bank to not increase rates
Experts weigh in on the Bank of Canada's intentions
Unemployment rate of 6.7% forecast, with anticipated job losses of about 50,000
Canada's merchandise trade surplus with the United States rose to $7.4 billion
Report finds about 45% of students expect to graduate with up to $20,000 in debt, a jump from 30% in 2013
Numbers reflect higher borrowing costs and uncertainty about the economy
Central bank says it's ready to raise interest rates further if needed
The CFA Institute outlined trends for the next decade, including product personalization and active management
Prices are still expected to rise in Toronto, Calgary and Sudbury
Most forecasters are convinced the central bank will stay on the sidelines this week
Food and energy prices eased, but core inflation remained stubbornly high
Central bankers must remain vigilant amid resilient output and inflation
Economists see Bank of Canada holding on rates after surprise GDP contraction
The U.S. Labor Department also finds that wage gains are easing, a trend that may signal cooling inflation pressures
The first $500 top-up was rolled out just before Christmas and distributed $402 million
Interest rate decision on Sept. 14 will be data-dependent
The country is one of the fastest growing economies of the world
Economists, traders increasingly believe Federal Reserve won't hike in September
Foreign investors acquired $54.7 billion in Canadian bonds in the second quarter