AI likely to boost credit quality: Moody’s
Risks include increased inequality, social disruption
- By: James Langton
- September 14, 2023 September 14, 2023
- 15:10
Weakness in China dragged down overall GDP
Decision raises benchmark deposit rate to 4%, highest since the euro was established in 1999
Fifth straight monthly gain reflects resilient economy despite tough economic environment
Governing board reaches full strength with Biden appointees
Unemployment remains historically low in U.S., Europe
Growth is expected to stay tepid
The supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta, and British Columbia
Decline in the core measure points to inflation coming under control
Disposable income comfortably outpaced the growth in debt, demand for mortgages fell
Market gains tempered by rising Canadian dollar in Q2
Canada's energy sector enjoyed a resurgence in 2022, as Russia's invasion of Ukraine sent commodity prices spiking
Female board representation rose at European banks but management mix was stagnant
Moody's boosts 2023 outlook, sees slowing in 2024
The European Commission lowered its growth forecast for this year and next
Overall economic trends point to a slowdown
Canada's main stock index moved lower Thursday on broad-based weakness
Softer jobs market, new listings, restrictive mortgage market all work against housing
Higher upfront cost reduces long-term risks for economy, banks
Ontario and British Columbia premiers also make direct appeals to the bank to not increase rates
Experts weigh in on the Bank of Canada's intentions
Unemployment rate of 6.7% forecast, with anticipated job losses of about 50,000
Canada's merchandise trade surplus with the United States rose to $7.4 billion
Report finds about 45% of students expect to graduate with up to $20,000 in debt, a jump from 30% in 2013