Eroding household spending power to weigh on GDP
As inflation outpaces wages, consumption will be curbed, Scotiabank says
- By: James Langton
- June 2, 2022 June 2, 2022
- 16:51
As inflation outpaces wages, consumption will be curbed, Scotiabank says
CEOs who make progress on sustainability see opportunity where others see cost, an IBM study suggested
The decision increases the pace of restoring cuts made during the pandemic
Experts suggest tactical approach, real assets, alternatives
Purchasing intentions for big-ticket items cooled slightly
The BoC is likely still on track for an oversized rate hike on Wednesday
Experts say robust growth and unemployment at multi-decade lows leave space for the slowdown targeted by the BoC
Almost a third expect inflation, supply, employment issues to bite in months ahead
Moody's cut its forecast due to virus concerns and property market turmoil
Higher energy prices drove the strongest goods surplus since the financial crisis
Research published by the World Federation of Exchanges finds stressed markets in March 2020 were calmed by trading halts
As services sector reopens, employers face tight labour markets
Home prices are up 27% since the financial crisis
Moody's cuts expectations amid ongoing headwinds
Opportunities for growth lie ahead
Wealth management income was down in the quarter
Analyst says results could lead to negative earnings revisions around fee income growth in wealth management
Output turned negative in several major economies amid supply challenges
Mutual funds saw net redemptions in April while ETF sales stayed positive, IFIC reported
The benchmark index was down 2% for the day in afternoon trading
A new survey by the Conference Board of Canada indicates consumer confidence decreased 11.7 points in May
Credit card debt rises for second straight month, outpacing mortgage growth