Economic slowdown to hit differently: Moody’s
Slowing forecasts diverge as the growing pain of higher rates plays out
- By: James Langton
- November 13, 2023 November 13, 2023
- 14:55
9.9% year-over-year increase is sixth consecutive monthly record high
Wednesday’s planned meeting between Biden and Xi would be the first time the two leaders will have spoken in a year
Those in the bottom half of earners saw their average income decline
Initiative received 42% support from RBC shareholders at latest AGM, and 37% from BMO shareholders
Quarterly outcome was nevertheless slightly ahead of analysts' expectations for a modest decline in output
Panel joins several other forecasters in revising downward its outlook for Europe's biggest economy
Profits face further pressure as deposit rates continue to increase
The government is increasing certain tax credits and social benefits
Members said it's more likely than not that interest rates will need to go higher to get inflation back to target levels
Short-term expectations increase, long-term view unchanged
Economic uncertainty, tight finances weighing on deal flow
Capital requirements to grow, profits under pressure for mortgage insurers
Parents intend to leave a much greater inheritance than their children expect, survey says
Slowdown in September followed two months of faster price rises
Upcoming fall economic statement could be last chance for a policy change
Survey shows the effects of inflation and higher borrowing costs
However, emerging trends weigh on projected costs
Canada leads G7 after rebounding from early weakness
Withdrawal of Covid-19 support, higher interest rates and softening consumer spending are challenges
Labour market is softening in the face of higher interest rates
A modest 150,000 U.S. jobs were created in the month amid higher borrowing rates