Economy posted no growth in Q4, but consumer spending is holding on
The Statscan report showed a grimmer economy than forecasters expected as higher rates took a toll
- By: Nojoud Al Mallees, Canadian Press
- February 28, 2023 February 28, 2023
- 13:38
The Statscan report showed a grimmer economy than forecasters expected as higher rates took a toll
Foreign investor interest in domestic bonds comes as the Bank of Canada is shedding its bond holdings
Obstacles remain, but companies were less worried in early 2023
Private investments buoyed the Ontario municipal employee fund
A third of economists expect a recession to begin in the April-June quarter
Feds' effort to improve housing affordability is hurting broader property market
Both goods and services employment rose, while the decline in unfilled jobs levelled off
Knowledge about saving and investing is lacking, polls show
Both mutual funds, ETFs had net redemptions in January, IFIC reports
The decline reflected weak demand and decreasing energy prices
With interest rates increasing, borrowing costs add to ongoing economic challenges
Higher rates weigh on demand, lower lumber prices cut construction costs
Preliminary estimates for January suggest consumers continued spending in the new year
Lithium, hydrogen and solar power companies were among last year's top performers
Canada among the strongest in the G7 for growth in 2022
Complex undertaking will reduce counterparty risk, as well as margin and liquidity demands
Rise in black directors drives increase in board diversity, ISS reports
Inflation slowed to 5.9%, down from 6.3% in December
Top 40% of households put more into their savings
Increases in bankruptcy and debt restructurings reflect rising pressures, alongside normalizing numbers, TD reports
Mortgage debt growth slowed in 2022, credit card debt accelerated
Canadian investors trim foreign holdings for first time since financial crisis