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Canadian money

Federal government posts $3.9B deficit in April, May

Sharp difference from last year when the result for the first two months of the fiscal year was a $1.5 billion surplus

Chopped dollar

U.S. core inflation cools in June

Monthly price rise of 0.1% seen as adding to likelihood of a September rate cut

Canadians’ gloomy outlook could stall economic growth, promote paralysis

Scotia report offers reality check, calls for positive vision

Manufacturing

Payrolls, wages higher in May: StatCan

Labour demand declined, and job vacancies were flat

Modern apartment buildings in a green residential area in the city

Majority of GTA condo investors losing money every month

Canada's largest condo market facing most significant test since 1991 recession: report authors

China flag

China cuts 1-year benchmark rate, doubles subsidies for EVs

It's the biggest rate cut since the country was slammed by the Covid-19 pandemic in 2020

Kensington Brooklyn Houses with American Flags stock photo

U.S. economic growth increased last quarter

The country's GDP picked up between April and June: report

Fighting for empty office chair

Fewer Americans file for jobless claims

Continuing claims have been on the rise in recent months

Wall street sign in New York with American flags and New York Stock Exchange background.

Capital markets bolster Wall Street banks

Investment banking gains cushion weakness in banking: Fitch

US Canadian dollar

What BoC’s rate drop means for loonie

Divergence with Federal Reserve could put pressure on Canadian dollar

Tiff Macklem

BoC cuts to 4.5%

Macklem says he wants growth to pick back up as bank cuts key rate again

Yellow arrow

Credit downgrades outnumber upgrades in Q2: Fitch

North American corporate credit quality declines led by high yields

Immigration Canada

Provinces to face strains from immigration curbs, report suggests

Economic growth, government budgets to feel ill effects of demographic shift: Desjardins

home financing

U.S. home sales fell in June to slowest pace since December

The U.S. housing market has been mired in a slump dating back to 2022

Blue spikes

Mutual funds mired in redemptions, ETF sales strong

Bond ETFs drove sales up in June, IFIC says

ESG letters

Canada’s ESG fund flows negative in Q2: Morningstar

Stronger net sales in Europe bolstered global sustainable fund industry

China flag

China moves to pep up its slowing economy

The country released a 50-page roadmap and cut key interest rates Monday

Bank of Canada note

Two-thirds of Canadians ‘desperately’ need interest rates to go down: survey

Economists expect another rate cut could be in store

Bank of Canada note

Markets bet on second BoC interest rate cut this week

Recent data indicate inflation is easing

Canadian flag

Soft landing still possible for Canada: Desjardins

Unemployment rising, but layoffs aren't, leaving room to cut rates

home financing

Mortgage growth accelerates in May: StatCan

Other forms of borrowing decline, led by HELOCs

Busy mall

Consumers reined in spending in May

The auto sector was the only one to see a modest increase

digital investing

AI won’t be able to beat the index: Moody’s

Tech advantages always prove short lived in the stock markets, report suggests

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

Big banks must boost capital under now-delayed reform

DBRS estimates $27 billion in capital needed to keep ratios at current levels

Stick figures

Jobless benefit claims rise: StatsCan

After six months of stability, claims rose in May