Canadian pension solvency declines in Q4 but plans finish year in strong position
The decline in the solvency ratio came as yields dropped
- By: IE Staff
- January 2, 2024 January 2, 2024
- 11:49
The decline in the solvency ratio came as yields dropped
CEOs were paid an average of $14.9 million, according to the CCPA
The result has raised hopes in the U.S. for an economic recovery
Despite inflation concerns and financial anxiety, holiday sales from November through Christmas Eve climbed 3.1%
Manufacturing, wholesale trade, real estate were among sectors that contracted
Month-over-month drop was the largest since April 2020
While pockets will suffer from rising rates, overall stress should be modest
Such numbers won't keep climbing, analysts warn
Net sales have been negative since March
Members of governing council were more optimistic about the country's inflation outlook and found "recent data pointed in the right direction"
Deal struck after France and Germany agree on how to support investment when budget deficits exceed set limits
Without a surging population, inflation may already be under control, NBF report suggests
Existing home sales rose 0.8% in November to seasonally adjusted annual rate of 3.82 million
Drop to two-year low of 3.9% in November was bigger than anticipated in financial markets
Central bank is not expected to rush its exit from quantitative easing
The agency says figures for the first nine months of 2023 have already surpassed the total growth in any other full year
Economists say the slightly disappointing figure doesn't change the Bank of Canada's plans
There were notable slowdowns in two of Canada's most expensive major cities for renters
The sector's assets and share of global assets dropped last year, according to the FSB
Soft landings are in sight for Canada and the U.S., according to outlook reports from Scotiabank and BMO
It's still too early to consider cutting the policy rate, the Bank of Canada governor said in a speech
Foreign investors sold Canadian securities, while Canadians divested U.S. stocks
Earnings expectations will need to account for a changing environment
Unemployment has since increased in Canada, but declined in the U.S.