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
- By: Sammy Hudes, The Canadian Press
- May 24, 2023 May 24, 2023
- 13:46
Performance partially offset by declines in both equities and fixed income across major markets
National Banks says BoC can be patient while input cost easing plays out
Canada led the G7 while U.S. growth slowed in the first quarter
Mutual fund redemptions rose and ETF sales slid, as investors fled equities
Non-mortgage debt ground to a halt in March while mortgage growth was stable
Labour market remains tight, with unemployment and EI numbers at all-time lows
Transition to higher interest rates creates risk, the central bank governor said
Rising rates, benchmark reform, commodity prices all affected activity
Portfolio flows turn negative in March, but stay positive for first quarter
Strong inflation data coupled with housing market rebound makes case for more BoC tightening
Consumers face challenges in the second half of the year, including tighter credit and a weaker job market
Risk management experts cited high inflation, quantitative tightening and cyber attacks as potentially contributing to shocks
Companies paying down debt also reduce their deposits and outstanding loans, according to CIBC
The year-over-year sales decline was markedly smaller than the drops reported in recent months
Inflation and U.S. bank turmoil still pose challenges
To calm fears, DBRS calls for the return of a crisis-era guarantee
StatsCan reports record non-residential permit activity in March
Inflation, end to pandemic assistance drove decline in real incomes
Consumer prices rose by 0.4% from March to April, up by 4.9% from April 2022.