Strikes, union deals may complicate inflation fight
Recent labour activity to work against falling inflation, TD report says
- By: James Langton
- November 23, 2023 November 23, 2023
- 15:57
Recent labour activity to work against falling inflation, TD report says
Numerous changes, including tax rules, add pressure to Canadian enterprises
Merchandise trade down, services activity flat from previous quarter
Securities sector leads gains for financials
The strategy is a key part of the sector's decarbonization goals
With central banks expected to start cutting rates, outlook should turn rosy next year
Bank of Canada governor weighs in on the federal government's updated fiscal projections and new rules to limit deficits
Data shine light on affordability, with most Canadians fearing recession
Fourth straight weekly drop for the rate, which a year ago averaged 6.58%
Bank of Canada governor makes remarks day after new inflation numbers show Canada's inflation rate fell to 3.1% in October
Jobless claims -- seen as a proxy for layoffs -- dropped by 24,000 to 209,000
Households are facing the dual drags of inflation and higher interest rates, report says
High valuations curb return potential despite strong economic growth
Strong U.S. economy single-handedly drives G7 results
Report suggests there is no need for further rate hikes
The CPI report Tuesday morning will be followed by the government's fall economic statement
Recent ransomware attack highlights financial sector's vulnerability
HELOC balances declined, mortgage growth slowed in September
Foreign investors reduce Canadian bond holdings, domestic investors add offshore bonds in September
Weaker energy prices drive input costs lower, according to StatsCan
Rate cuts to start materializing by mid-year
Single-detached urban starts contributed to the increase
Seniors living longer may reduce the need for downsizing