Toronto home sales little changed in August, but expect volatility: board
Numbers reflect higher borrowing costs and uncertainty about the economy
- By: Tara Deschamps, The Canadian Press
- September 6, 2023 September 6, 2023
- 12:24
Numbers reflect higher borrowing costs and uncertainty about the economy
Central bank says it's ready to raise interest rates further if needed
The CFA Institute outlined trends for the next decade, including product personalization and active management
Prices are still expected to rise in Toronto, Calgary and Sudbury
Most forecasters are convinced the central bank will stay on the sidelines this week
Food and energy prices eased, but core inflation remained stubbornly high
Central bankers must remain vigilant amid resilient output and inflation
Economists see Bank of Canada holding on rates after surprise GDP contraction
The U.S. Labor Department also finds that wage gains are easing, a trend that may signal cooling inflation pressures
The first $500 top-up was rolled out just before Christmas and distributed $402 million
Interest rate decision on Sept. 14 will be data-dependent
The country is one of the fastest growing economies of the world
Economists, traders increasingly believe Federal Reserve won't hike in September
Foreign investors acquired $54.7 billion in Canadian bonds in the second quarter
Lofty post-pandemic outlays can't last, given higher debt servicing costs
Total household debt reached $2.3 trillion in Q2, up 4.2% from last year
The Federal Reserve will likely welcome Tuesday's data
The downturn in spending showed up in the earnings reports of many high-profile retailers
Majority of Canadian businesses still see rising inflation as obstacle, according to a StatsCan survey
Her address followed a speech earlier Friday in Jackson Hole by Federal Reserve Chair Jerome Powell
Revenues for the period totalled $110.58 billion, up from $107.88 billion a year earlier
Targeted stimulus and consumer spending seen as keys to jump-starting economy
Reiterates the central bank's determination to keep its benchmark rate elevated until inflation falls to 2% target