The European Central Bank is in no hurry to make more rate cuts
The European economy has slogged through quarter after quarter of near-zero growth
- By: David Mchugh, The Associated Press
- July 2, 2024 July 2, 2024
- 10:41
The European economy has slogged through quarter after quarter of near-zero growth
Economy performing better than expected, pushing out Fed action
Year-over-year insolvency levels have been rising for more than two years
Both goods-producing and services sides of the economy showed growth
Average prices still remain far above where they were before the pandemic
Recorded pace was slowest quarterly growth since spring 2022
Monthly increase means central bank could pause at July meeting
Gifts to support home purchases rising alongside home prices, CIBC says
Vanguard study finds Canadians are 18 times overweight their domestic holdings
Range of possible futures depends on immigration levels
Mutual funds stuck in net redemptions, while ETFs remain in positive sales territory
The overall trend in spending points to softness, however
Despite initial cut, monetary policy remains restrictive, and economy faces other headwinds
Weekly unemployment claims — a proxy for layoffs — remain at low levels by historical standards
The central bank kept its rate steady even though inflation has fallen to its 2% target
The next time MPs take their seats will be Sept. 16
Fund manager survey finds investor sentiment growing gloomy
While there was concern progress could stall, consensus was inflation would continue downward momentum
Temporary residents drive growth, but StatsCan sees signs of slowing
HELOCs, credit card balances grow faster than mortgage debt, StatsCan reports