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Federal Reserve

Powell: ‘The time has come’ for the Fed to begin cutting rates

The Fed is widely expected to announce a modest quarter-point cut in September

Inflation

Retail sales down 0.3% in June

Consumers continued to struggle under the weight of elevated interest rates

Real Estate Agent Showing a Beautiful Big House to a Young Successful Couple. People Standing Outside on a Warm Day on a Lawn, Talking with Businesswoman, Discussing Buying a New Home.

U.S. home sales ended a 4-month slide in July

The pickup occurred amid easing mortgage rates and as more homes came on the market

Stick figures

U.S. economy added 818,000 fewer jobs than reported in year that ended in March

The downgraded estimate follows a jobs report for July that was much worse than expected

Advisor tracking stocks

Survey reveals asset management industry’s challenges

AI, changing views on ESG, market volatility among issues raised

  • By: IE Staff
  • August 20, 2024 August 20, 2024
  • 17:40
Roller coaster food basket

Canada’s inflation rate fell to 2.5% in July

The latest reading comes ahead of the Bank of Canada's next interest rate announcement on Sept. 4

Dollar bills

Median family after-tax income in 2022 down after inflation: StatCan

Young people were the hardest hit, data shows

Fraud allure

Sectors that earned most capital gains created no jobs over 5 years: report

Two sectors made 53% of all corporate capital gains in Canada between 2018 and 2022, data shows

Canadian flag and chart

Economy sees securities outflows in June: StatCan

Canadian investors jumped into U.S. stocks, while foreign investors dumped domestic equities

Real Estate Agent Showing a Beautiful Big House to a Young Successful Couple. People Standing Outside on a Warm Day on a Lawn, Talking with Businesswoman, Discussing Buying a New Home.

Annual pace of housing starts in July up 16% from June

The supply of affordable housing has been a key political issue

Businessman on slide

Get set for more market volatility: Desjardins

High valuations, uncertainties loom in second half

Solar system

Quantum threat could be Y2K 2.0: Moody’s

Guarding against the emerging threat to encryption will be a long, costly venture, rating agency says

Inflation chart shows upward trend

M&A picks up in second quarter: Crosbie & Co.

Deal volume up, value soared driven by more "mega" deals

Real Estate Agent Showing a Beautiful Big House to a Young Successful Couple. People Standing Outside on a Warm Day on a Lawn, Talking with Businesswoman, Discussing Buying a New Home.

July home sales up from year ago: CREA

National average home price in July was $667,317, down 0.2% from last year

China flag

China’s economic recovery dragged down by property slump in July

Subdued consumer spending also contributed to the slow rebound

Points on a graph

U.K. economy grows between April and June as it recovers from recession

Recession was marked as GDP contracted by 0.3% in final three months of 2023

Canadian flag and chart

Wholesale sales down slightly in June: StatCan

The agency says sales fell in five of seven subsectors

U.S. shoppers sharply boosted spending at retailers in July

America’s consumers, the primary driver of economic growth, are still willing to spend, data show

U.S. unemployment claims fall in sign of resilient job market

Claims calmed down, and their recent rise appears to be just a blip: economist

US dollar

Leveraged loan issuance hits record high in Q2

Refinancing activity drove new issue spike, even as defaults rise

Binder with papers

CPP Investments earned 1% return for Q1

Net assets rose to $646.8 billion, up from $632.3 billion at the end of the previous quarter

Crowded boardroom

CEO pay rises this proxy season

Canadian boards lag their U.S. peers on racial diversity and face calls for in-person AGMs, Glass Lewis reports

100-dollar-bill

U.S. inflation slows again, clearing the way for rate cuts

Year-over-year inflation reached its lowest level in more than three years in July

Advisor tracking stocks

Global trading activity up in first half: WFE

Market cap rose, alongside trading volume and value, group reports

Image of wholesale products

U.S. wholesale inflation cooled in July

The wholesale figures reflect a broad, steady slowdown in price increases