Latest news in Research and Markets

Capital markets bolster Wall Street banks

Investment banking gains cushion weakness in banking: Fitch

US Canadian dollar

What BoC’s rate drop means for loonie

Divergence with Federal Reserve could put pressure on Canadian dollar

Tiff Macklem

BoC cuts to 4.5%

Macklem says he wants growth to pick back up as bank cuts key rate again

Yellow arrow

Credit downgrades outnumber upgrades in Q2: Fitch

North American corporate credit quality declines led by high yields

Immigration Canada

Provinces to face strains from immigration curbs, report suggests

Economic growth, government budgets to feel ill effects of demographic shift: Desjardins

home financing

U.S. home sales fell in June to slowest pace since December

The U.S. housing market has been mired in a slump dating back to 2022

Blue spikes

Mutual funds mired in redemptions, ETF sales strong

Bond ETFs drove sales up in June, IFIC says

ESG letters

Canada’s ESG fund flows negative in Q2: Morningstar

Stronger net sales in Europe bolstered global sustainable fund industry

China flag

China moves to pep up its slowing economy

The country released a 50-page roadmap and cut key interest rates Monday

Bank of Canada note

Two-thirds of Canadians ‘desperately’ need interest rates to go down: survey

Economists expect another rate cut could be in store

Bank of Canada note

Markets bet on second BoC interest rate cut this week

Recent data indicate inflation is easing

Canadian flag

Soft landing still possible for Canada: Desjardins

Unemployment rising, but layoffs aren't, leaving room to cut rates

home financing

Mortgage growth accelerates in May: StatCan

Other forms of borrowing decline, led by HELOCs

Busy mall

Consumers reined in spending in May

The auto sector was the only one to see a modest increase

digital investing

AI won’t be able to beat the index: Moody’s

Tech advantages always prove short lived in the stock markets, report suggests

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

Big banks must boost capital under now-delayed reform

DBRS estimates $27 billion in capital needed to keep ratios at current levels

Stick figures

Jobless benefit claims rise: StatsCan

After six months of stability, claims rose in May

wood cut-outs

More Americans apply for jobless benefits amid layoffs

While the U.S. labour market remains historically healthy, recent data suggest some weakening

Frankfurt, Germany - November 09, 2020: European Central Bank ECB, EZB headquarters at Eastend Frankfurt, Germany. The European Central Bank (ECB) is the central bank of the Eurozone. Close-up of the logo in front of the building.

ECB holds at 3.75%

European Central Bank is waiting for signs that inflation is under control

online investors

Foreign investors cool Canadian securities purchases

In May, foreign investors' bond buying slows, equity selling rises: StatsCan

Is Taylor Swift affecting U.K. inflation?

BoE wonders whether to cut rates as figures hold steady, defying expectations

Happy face in the middle of sad faces

Equity markets look too optimistic: NBF

Rosy earnings forecasts underpinning stocks face downward revisions

Binder with papers

Pension giants primed to weather volatility: Fitch

Funds shifted assets to fixed income, away from private equity

online investing

U.S. retail sales unchanged in June

Report comes amid upheaval in retail landscape

Financial stock exchange market display screen board on the street

Brighter outlook for China and India but tepid global growth: IMF

Progress against accelerating prices has been slowed by stickier-than-expected inflation for services