Excess household savings may help economy avoid harsher downturn: BMO
Top 40% of households put more into their savings
- By: Nojoud Al Mallees, Canadian Press
- February 17, 2023 February 17, 2023
- 15:50
Top 40% of households put more into their savings
Increases in bankruptcy and debt restructurings reflect rising pressures, alongside normalizing numbers, TD reports
Mortgage debt growth slowed in 2022, credit card debt accelerated
Canadian investors trim foreign holdings for first time since financial crisis
Tighter funding conditions are squeezing upstarts, benefiting traditional firms
Investment activity expected to remain subdued in 2023, KPMG reports
January's solid spending will likely raise pressure on the Federal Reserve to hike rates further
Compared to a year ago, sales were down 37%
Trading activity fell in 2022, but the cost of emissions kept rising, Refinitiv reports
Huge job gains defy forecasts that higher rates would slow the economy
Both jobless rate and unemployed worker ranks at record lows in December
It was the seventh straight year-over-year slowdown but inflation remains far above the Fed's 2% target
Of those contributing, almost one-quarter plan to use the maximum amount
Goldman Sachs' annual survey finds investors optimistic about IPO activity
Steadier natural gas prices contributed to the improved outlook
Investors may correctly identify a trend, but they typically buy high, as well as pay higher fees
Central bank proposal would disintermediate banks and curb deposit funding
Post-pandemic demand surge to give global GDP an assist too, Goldman Sachs says
Average home price is expected to gain 3.5% from 2023 to 2024