Canada posts $718M merchandise trade surplus for August
Exports of gold and crude oil helped drive results
- By: The Canadian Press
- October 5, 2023 October 5, 2023
- 12:23
Exports of gold and crude oil helped drive results
TD Economics expects declines in sales and prices into 2024 across most regions
Rising yields lead to "Goldilocks environment" for pension plans
Weak deal activity, syndicated lending drive drop in bankers' fees
American employers posted 9.6 million job openings in August, up from 8.9 million in July
Deputy governor says the bank is rethinking its assumptions about what drives inflation
Banks and other lenders have been stretching out amortizations to reduce monthly payments
That compares to a surplus of $6.3 billion during the same period last year
Annual rate pegged at 4.3% this month, a drop from 5.2% in August
Latest report raises speculation that the Fed will leave interest rates unchanged at its next meeting
Services-producing industries gained 0.1% in the month, goods-producing industries contracted 0.3%
Recovery will pick up steam in the second half of 2024, the company forecast
Surprising resilience continues amid tighter monetary policy
Payroll employment flat, vacancies rise, StatsCan reports
Assets growing but portfolio companies not on track to avert disaster
At current rates, population would double in 25 years
Mutual fund redemptions climbed while ETF sales slowed, IFIC reported
Central banks' next moves likely to be cautious, data-driven
The unemployment rate has scarcely budged since the Fed began a series of 11 rate hikes
The standoff could wreak havoc with the U.S. economy
Data reinforces the BoC's decision to hold rates, economist says