Biden administration forecasts US$1.03T deficit, down US$400B
The improvement stemmed from the economy moving from recovery to steady growth
- By: The Associated Press
- August 23, 2022 August 23, 2022
- 17:06
The improvement stemmed from the economy moving from recovery to steady growth
Weak financial markets pushed down wealth management revenue
A strong labour market, excess savings and pent-up demand will shield many households
Mortgage growth slows as housing markets cool
Illicit activity holds up well in the face of crypto's decline
Economic forecasts have been revised down much more than stock prices imply
The industrial category saw the highest investment dollar volume in Q2
Uptick in business bankruptcies just the tip of the iceberg, CFIB says
Concerns about a recession have been eased, for now, by the ongoing strength of the job market
Much of the bond selling was seasonally driven, National Bank said
However, food prices at grocery stores rose at the fastest pace since August 1981
New alternative minimum tax, buyback levy, to hit large oil & gas firms hardest, Moody's says
A CIBC report examines Covid effects
Many other funds struggled amid tumultuous global markets
Much of the cooldown has been attributed to rising interest rates
Revenues held up, but expenses rose too, cutting earnings
Low river levels disrupting shipping, energy, production capacity
New U.S. bill will affect many sectors due to climate, health and tax policy changes, a report says
Wednesday's report increased hope that the modest slowdown might enable the Fed to slow the pace of its rate increases
Latest leading indicators signal slowing momentum in major markets
Use of mandatory retirement policies down at S&P 500, Russell 3000 companies, Conference Board reports