U.S sustainable funds face continued outflows
Macroeconomic conditions, ESG backlash continue to drive investors away
- By: James Langton
- October 23, 2023 October 23, 2023
- 17:07
Macroeconomic conditions, ESG backlash continue to drive investors away
Wednesday's rate announcement will be accompanied by the quarterly monetary policy report
Mutual fund redemptions rose in September, and ETF sales gained
Consumer confidence continues to be soured by rate hikes and inflation
Credit card balances also swelled, while HELOCs shank, the agency said
Strong trading activity offsets weakness in underwriting, M&A
While a rising population impacts housing costs, there's little evidence of its impact in other areas, research finds
Jobless beneficiary ranks expanded for fourth straight month
Prices for inputs and manufactured products rose in September, StatsCan says
Most respondents said the banks could do better at communicating about fees
Wealth for the median household jumped 37% from 2019 to 2022, helping to sustain economic growth
51% of Canadians reported that they were $200 away or less from not being able to meet all their financial obligations
Monthly seasonally adjusted annual rate of housing starts in September came in at 270,466 units, up from 250,383 in August
Bond funds set to shine, as equities cool, ISS MI forecasts
The world's second-largest economy beat expectations but economy slowing from previous quarter
Nevertheless, Bank of England not expected to raise interest rates at next policy meeting
Strong sales suggest the economy may not slow as much in the final three months of the year as previously expected
The latest reading is good news for the central bank ahead of its Oct. 25 rate decision
Foreign investors sold Canadian securities, while domestic investors added to offshore holdings
The gap between perception and actual inflation is unusually wide
Federal deficit projected to rise to $46.5 billion in 2023-24, up from an estimated $38.7 billion for 2022-23
Canadian Real Estate Association expects a nearly 10% drop in the number of residential properties to trade hands compared with 2022