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Canadian provinces

As rates ease, Ontario to lead growth rebound: CIBC

Provinces hard hit by higher rates forecast to drive recovery

Manufacturing

Manufacturing sales fell 1.3% to $69.4B in August: StatCan

Led by fall in sales in the primary metal and petroleum and coal product subsectors

  • October 16, 2024 October 16, 2024
  • 13:22
Building under construction

CMHC reports September pace for housing starts up from August

Seasonally adjusted annual rate of housing starts was 223,808 units in September, up from 213,012 in August

Big Ben

U.K. inflation falls to lowest level in over 3 years

Consumer prices rose 1.7% in September, down from 2.2% the previous month, cementing expectations for another rate cut

TD bank. stock photo

S&P downgrades TD on U.S. settlements

Ratings dropped amid concerns about bank's risk management

Housing chart

CREA lowers housing market forecast for 2024 amid ‘holding pattern’ for home sales

Bank of Canada's interest rate cuts haven't spurred expected improvement

Falling inflation

Annual inflation falls to 1.6% in September

The reading raises the odds of a 50-basis-point rate reduction by the Bank of Canada

Inflation chart shows upward trend

Employment, participation rates remain at record highs: OECD

Two-thirds of countries had above-average employment rates

Federal Reserve building

Fed has largely won inflation war: Moody’s

CPI surprises largely temporary, shouldn't derail monetary easing

Illustration and Painting

A wounded TD to face earnings pressure: DBRS

Bank has flexibility to pivot, cushioning the impact of regulators' sanctions

Busy mall

Consumer sentiment slightly improves: BoC survey

Canadians said they're reducing spending, putting off buying big-ticket items

Piggy banks on stacks of gold coins

European firms gaining on Wall Street: Fitch

Banks' restructuring, expansion efforts seen closing gap with U.S. giants

Businessman inspecting paperwork document digitally

Poison pills, exec comp top ISS policy survey

Proxy voting policy survey highlights issues for upcoming AGM season

bitcoin investment concept on screen

Hedge funds creep further into crypto: AIMA

Institutional investors increasingly interested in digital assets, survey finds

Job search

Canadian economy adds 47,000 jobs in September

The unemployment rate fell to 6.5%: StatCan

inequality between people

Income gap reaches record level: StatCan

Richest households capture largest share of gains in second quarter

Forlorn businessman

U.S. bankruptcies tracking toward heights of 2020

Filings eased a bit in September, but remain on pace to exceed 2023: S&P

Apartment rent

Rents still rising but at slower pace: report

Rentals.ca and Urbanation says average asking rents in September were up 2.1%

Condo inventory growing as sellers wait for demand rebound

Re/Max report says pent-up demand is expected to fuel stronger market activity by spring 2025

Inflation scale

Inflation, interest rates eroded Canadians’ purchasing power: PBO

Wealthier households, however, have seen their purchasing power rise since 2022

Green globe

Net zero remains a distant dream: Fitch

Emerging market emissions rise, offsetting advanced economy improvements

Man signs a mortgage

Home affordability remains strained: report

Strains are easing, but Vancouver remains in "crisis territory," RBC Economics says

US Canadian dollar

Canadian Chamber of Commerce warns of U.S. trade relationship

Both Trump, Harris have campaigned on policies that could cause uncertainty for Canadian trade

China flag

China announces more support for economy

But the piecemeal nature of the plans appeared to disappoint investors

Steel worker on CNC plasma cutter machine

Canada posts $1.1B merchandise trade deficit for August

The result came as total exports fell 1% in the month: StatCan