Annual rate of inflation hits 3.1% in June
The result was down slightly from May's high
- By: Jordan Press, The Canadian Press
- July 28, 2021 July 28, 2021
- 10:06
The result was down slightly from May's high
A gap between the vaccine haves and have-nots is expected to widen
The agency projects young people entering the job market now could see lower earnings
The fund reported $199.6 billion in assets under management, a $28.3-billion increase
Business travellers are a key source of revenue and profit, subsidizing other passengers
The main concern is that the Fed will end up responding too late and too aggressively to high inflation
Residential investment has far outpaced business investment
Sales declined in eight of 11 subsectors, representing 65.6% of retail trade
There was a 10.5% jump in the number of women getting EI benefits
An CBDC from the ECB could hurt banks' funding, fee income and earnings
Pre-existing conditions continue to dog certain "weak tail" banks, however, BIS finds
Ultra-low interest rates will stay in place until inflation “durably” reaches its 2% target
Mutual fund sales rise in June, outpace ETFs, IFIC reports
Combination of fewer listings and easing sales activity slows price increases
Research suggests that temporarily overshooting inflation has economic benefits
New data finds higher death rates among low-income households
Strong mortgage borrowing drives liabilities to over $2.5 trillion in May
The NBER said the economy reached its lowest point in terms of jobs and output in April 2020
Federal Reserve's plans for stablecoins could bring transparency and safety to the sector
Available sublet space in Toronto fell for the first time in six quarters
Canada's housing market accounted for two-thirds of economic growth in the first quarter, but business investment hit a wall
The pace of starts for multiple-unit housing projects rose, however
Portfolio flows turned positive in May as foreign debt purchases outweighed Canadian investors' appetite for U.S. stocks