Latest news in Research and Markets

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CPP Investments reports 1.3% return for its latest fiscal year

Performance partially offset by declines in both equities and fixed income across major markets

U.S. consumer spending faces headwinds

Tighter financial conditions and diminished savings will weigh on U.S. consumers, Fitch says

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Upstream price pressures ease: StatsCan

National Banks says BoC can be patient while input cost easing plays out

GDP growth edged higher in Q1: OECD

Canada led the G7 while U.S. growth slowed in the first quarter

Financial stock exchange market display screen board on the street

Fund sales suffer even as assets rise in April: IFIC

Mutual fund redemptions rose and ETF sales slid, as investors fled equities

Concept of real estate, mortgage and lease

Household debt growth slowing: StatsCan

Non-mortgage debt ground to a halt in March while mortgage growth was stable

Skyline of the financial district

Basel III a breeze for Canadian banks

Capital ratios expected to tick up as new rules take effect, DBRS says

Credit risk landscape shifts: Fitch

Tighter financial conditions continue to loom over markets

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Jobless benefits sit at record low: StatsCan

Labour market remains tight, with unemployment and EI numbers at all-time lows

cryptocurrencies

Payoff from central bank crypto uncertain: Moody’s

Official digital currencies may have a hard time proving their value, the rating agency says

rock climbing risk

BoC highlights risk of bank sector stresses, high household debt

Transition to higher interest rates creates risk, the central bank governor said

Signing bank documents

OTC derivatives rose along with rates: BIS

Rising rates, benchmark reform, commodity prices all affected activity

Stack of bills

Foreign investors reduce Canadian holdings: StatsCan

Portfolio flows turn negative in March, but stay positive for first quarter

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Scotia sees rate hikes resuming as early as June

Strong inflation data coupled with housing market rebound makes case for more BoC tightening

U.S. retail sales up 0.4% in April, buoyed by job market and declining prices in some areas

Consumers face challenges in the second half of the year, including tighter credit and a weaker job market

financial risk

Risk of shock to financial system down, but concerns linger: Bank of Canada survey

Risk management experts cited high inflation, quantitative tightening and cyber attacks as potentially contributing to shocks

Businessman putting a US dollar coin into a bank stock illustration

Reduced bank deposits are both cause and effect of weaker lending activity, report says

Companies paying down debt also reduce their deposits and outstanding loans, according to CIBC

House placed on coins Men's hand is planning savings money of coins to buy a home concept concept for property ladder, mortgage and real estate investment. for saving or investment for a house,

Canadian home sales up 11.3% from March to April

The year-over-year sales decline was markedly smaller than the drops reported in recent months

Collection of Euro bills

Europe’s economic outlook brightens a little after avoiding recession

Inflation and U.S. bank turmoil still pose challenges

Household financial pressures growing: Fitch

Credit card performance deteriorating, insolvencies rising, as higher rates and inflation bite

Breaking the doom loop for U.S. banks

To calm fears, DBRS calls for the return of a crisis-era guarantee

Commercial projects drive surge in building permits

StatsCan reports record non-residential permit activity in March

Household income

Household income suffered record drop in 2022: OECD

Inflation, end to pandemic assistance drove decline in real incomes

Inflation graphic

U.S. prices stay high, showing inflation pressures persist

Consumer prices rose by 0.4% from March to April, up by 4.9% from April 2022.

Silicon Valley Bank storefront

U.S. bank profits pressured by tighter financial conditions

Regulatory change likely on the way following bank sector turmoil, Fitch says