Latest news in Research and Markets

home financing

Annual pace of housing starts in June down 9%: CMHC

Actual housing starts were markedly lower in two of Canada's three major cities compared with June 2023

Broke insolvent

Inflation falls to 2.7% in June: StatsCan

The inflation reading is the last before the Bank of Canada's next interest rate decision

confusion

Private credit sector to grow in the dark: Moody’s

SEC's bid for enhanced oversight rejected amid sector's rapid growth

dominos falling

EU banks to face regulatory action on climate: DBRS

Regulators expected to get tough on non-compliance with climate-related obligations

woman stressed over uneasy stock market

Business, consumer sentiment subdued in Q2: BoC survey

The central bank's survey shows Canadians' outlook for the future economy was 'pessimistic'

China flag

China’s economy slowed in the last quarter

Weak consumer demand, reduced gov't spending are dragging on growth in China: economists

calculator and pie charts

Wholesale trade falls, manufacturing sales tick up in May: StatsCan

The overall decrease came as sales fell in five of the seven subsectors

home sale

CREA cuts housing market forecast

Association anticipates a gradual rebound

Close of businesswoman making announcement in paper trumpet

ABCP poised for comeback in Canada: Fitch

Benchmark reform creates opportunity for vehicles that flopped in the financial crisis

jobless puzzle pieces

Weekly U.S. jobless claims drop as labour market remains sturdy

Total number of Americans collecting unemployment benefits declined for the first time in 10 weeks

Inflation

U.S. inflation cools for third straight month

Latest data fuels speculation of interest rate cuts by the Federal Reserve

housing costs

Rate drop didn’t lead to rush of homebuyer demand: report

Latest Royal LePage house price survey shows “tepid” market response to quarter-point cut

Senior couple

Clients are aging. Are their financial plans ready?

Policy recommendations to improve aging at home are welcome, but proactive planning still required

Wall street sign in New York with American flags and New York Stock Exchange background.

Wall Street to see boost in Q2 from investment banking

Strong debt issuance, M&A expected to be revenue drivers in the quarter

Apartment building

Average asking rents reached $2,185 in June: report

Most provinces recorded year-over-year increases in asking rents for purpose-built and condo rentals

Wrestling inflation

Headline inflation creeps up: OECD

Energy inflation resurfaces, stoking price pressures

Worried Young Couple Lying On Carpet Calculating Their savings, planning future, retirement fund

Canadians less optimistic about finances: survey

Respondents expressed concerns about inflation, income levels and a potential recession

beautiful sparklers in hands on black background

Weaker job markets spark rate cut hopes

Rising unemployment for Canada, U.S. gives central banks reason to ease

binoculars

Asset-backed securities performance set to suffer

Fitch sees defaults, arrears rising as growth slows amid tight financial conditions

Arrow up

Corporate America’s bankruptcy filings surge: S&P

In June, monthly filings returned to pandemic heights

The facade of the Royal Exchange in the City of London

Britain’s new government wants to stimulate economic growth

Treasury chief says the gov't will work to reverse '14 years of chaos and economic instability'

Big Ben, Westminster Bridge on River Thames in London, the UK. English symbol. Lovely puffy clouds, sunny day

Labour’s landslide faces fiscal reality check: NBF

New U.K. regime will be caught between policy promises and financial markets

Upset stressed young Asian business man in suit with hands on head sitting on stairs. Unemployment and layoff concept.

Canadian job market stalls in June

The result was the highest reading for the unemployment rate since January 2022

Now hiring sign

June saw solid gain in U.S. jobs

Employers added 206,000 jobs in a sign of continued economic strength

Stacking interest rate blocks

Investment bankers feast on first-half fee revenue

Global revenues up driven by debt issuance, M&A advisory fees, LSEG reports