Two-thirds of Canadians ‘desperately’ need interest rates to go down: survey
Economists expect another rate cut could be in store
- By: The Canadian Press
- July 22, 2024 July 22, 2024
- 14:00
Economists expect another rate cut could be in store
Recent data indicate inflation is easing
Unemployment rising, but layoffs aren't, leaving room to cut rates
Other forms of borrowing decline, led by HELOCs
The auto sector was the only one to see a modest increase
Tech advantages always prove short lived in the stock markets, report suggests
DBRS estimates $27 billion in capital needed to keep ratios at current levels
After six months of stability, claims rose in May
While the U.S. labour market remains historically healthy, recent data suggest some weakening
European Central Bank is waiting for signs that inflation is under control
In May, foreign investors' bond buying slows, equity selling rises: StatsCan
BoE wonders whether to cut rates as figures hold steady, defying expectations
Rosy earnings forecasts underpinning stocks face downward revisions
Report comes amid upheaval in retail landscape
Progress against accelerating prices has been slowed by stickier-than-expected inflation for services
Actual housing starts were markedly lower in two of Canada's three major cities compared with June 2023
The inflation reading is the last before the Bank of Canada's next interest rate decision
SEC's bid for enhanced oversight rejected amid sector's rapid growth
Regulators expected to get tough on non-compliance with climate-related obligations
The central bank's survey shows Canadians' outlook for the future economy was 'pessimistic'
Weak consumer demand, reduced gov't spending are dragging on growth in China: economists
The overall decrease came as sales fell in five of the seven subsectors
Association anticipates a gradual rebound
Benchmark reform creates opportunity for vehicles that flopped in the financial crisis