Home News Research and Markets Page 9

Latest news in Research and Markets

Retail sales

Wealthier Americans are driving retail spending: study

Federal Reserve research suggests consumer spending is the primary driver of the U.S. economy

Heavy weight

Household debt continues to rise: StatCan

Mortgage borrowing powers debt rise, credit card balances up too

Disintegrating euro

Inflation seen easing further in 2025, ECB survey finds

Real GDP growth expected to strengthen in year ahead as price pressures ease

Man signs a mortgage

Average rate on a 30-year mortgage in the U.S. hits 6.44%

Mortgage buyer Freddie Mac says average is at highest level in 8 weeks — up from 6.32% last week

Canadian money

PBO projects deficit exceeded government’s $40B pledge

Liberals won't say if they'll meet target

Modern bank towers in the late afternoon

Mid-sized banks see higher customer satisfaction than Big Five: survey

Report from J.D. Power shows that when it comes to banks, Canadians are focused on fees

Euro map

European Central Bank cuts interest rates again

Seeing no signs of recession, bank’s rate-setting council lowers benchmark rate from 3.5% to 3.25% — its third reduction since June

Abstract lines

U.S. equities lured investors in August: StatCan

Canadian investors add foreign stocks, while domestic debt lures offshore buyers

Oil barrels

DBRS hikes oil price forecast

Easing interest rates, coupled with rising geopolitical risk, boost outlook

Canadian provinces

As rates ease, Ontario to lead growth rebound: CIBC

Provinces hard hit by higher rates forecast to drive recovery

Manufacturing

Manufacturing sales fell 1.3% to $69.4B in August: StatCan

Led by fall in sales in the primary metal and petroleum and coal product subsectors

  • October 16, 2024 October 16, 2024
  • 13:22
Building under construction

CMHC reports September pace for housing starts up from August

Seasonally adjusted annual rate of housing starts was 223,808 units in September, up from 213,012 in August

Big Ben

U.K. inflation falls to lowest level in over 3 years

Consumer prices rose 1.7% in September, down from 2.2% the previous month, cementing expectations for another rate cut

TD bank. stock photo

S&P downgrades TD on U.S. settlements

Ratings dropped amid concerns about bank's risk management

Housing chart

CREA lowers housing market forecast for 2024 amid ‘holding pattern’ for home sales

Bank of Canada's interest rate cuts haven't spurred expected improvement

Falling inflation

Annual inflation falls to 1.6% in September

The reading raises the odds of a 50-basis-point rate reduction by the Bank of Canada

Inflation chart shows upward trend

Employment, participation rates remain at record highs: OECD

Two-thirds of countries had above-average employment rates

Federal Reserve building

Fed has largely won inflation war: Moody’s

CPI surprises largely temporary, shouldn't derail monetary easing

Illustration and Painting

A wounded TD to face earnings pressure: DBRS

Bank has flexibility to pivot, cushioning the impact of regulators' sanctions

Busy mall

Consumer sentiment slightly improves: BoC survey

Canadians said they're reducing spending, putting off buying big-ticket items

Piggy banks on stacks of gold coins

European firms gaining on Wall Street: Fitch

Banks' restructuring, expansion efforts seen closing gap with U.S. giants

Businessman inspecting paperwork document digitally

Poison pills, exec comp top ISS policy survey

Proxy voting policy survey highlights issues for upcoming AGM season

bitcoin investment concept on screen

Hedge funds creep further into crypto: AIMA

Institutional investors increasingly interested in digital assets, survey finds

Job search

Canadian economy adds 47,000 jobs in September

The unemployment rate fell to 6.5%: StatCan

inequality between people

Income gap reaches record level: StatCan

Richest households capture largest share of gains in second quarter