Slowdown in inflation supports interest rate pause next week, economists say
The latest reading is good news for the central bank ahead of its Oct. 25 rate decision
- By: Nojoud Al Mallees, Canadian Press
- October 17, 2023 October 17, 2023
- 14:54
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
Economists say the worst might have passed, with September trade up slightly from August, and manufacturing showing signs of improvement
Governors held key interest rate steady last month, but signalled they haven't closed the door to more rate hikes if needed
Global oil market faces wide range of upside, downside risks
The decrease reflects a sluggish third quarter
But prices continue to rise faster than is consistent with the Fed's 2% target
Revises April forecast, when it predicted 0.4% growth
Modest declines in residential construction plans, total monthly value of non-residential permits rose 14.8% to $5.0 billion
Biggest year-over-year gain since April
Sales and trading revenue likely flat in Q3, while new issue and deal activity rose, Moody's says
Mideast war poses new uncertainty
European watchdog ESMA examines greenwashing risks in a sustainable debt review
Almost all the gains were in the historically volatile education sector, economist explains
This sustained strength makes it likelier that the Federal Reserve will raise its key rate again before year's end
BMO tops equity league tables, RBC leads debt rankings
IFIC's annual investor poll found fewer investors are relying on advisors for fund purchases