Households face tougher months ahead: Fitch
Insolvencies, credit risks set to rise as supports, deferrals wane
- By: James Langton
- August 14, 2020 August 14, 2020
- 12:20
However, growing evidence suggests that sales could be slowing
Sales climbed a record 20.7% in June, though they're still below their pre-pandemic level
Subsidizing wages for companies during the pandemic will cost $67.9 billion through the end of December
July saw the total assets invested in ETFs and ETPs reach US$6.66 trillion
Visits to shops and recreation outlets have picked up more quickly in Europe
Monthly data indicated the economy began to bounce back in June
The increase was about double what economists were expecting
Alberta and Atlantic Canada led the surge
Globally, investors are expecting an average return of 10.9% over the next five years
Bank plans gradual return to pre-pandemic collateral limits
Hiring slowed sharply in manufacturing, construction and health care services
It was the first monthly spending increase since the pandemic hit
Impact on household numbers matches financial crisis
National unemployment rate was 10.9% in July
Funds navigated initial market stress fairly well, but are left exposed to future turmoil, research finds
Average home prices are also up 16.9% from a year ago, at $943,710
Getting data on other marginalized groups is difficult
EMEA asset owners lead the way, but North American investors are catching up, report finds
Year-over-year insolvencies have dropped sharply
ETFs had their second strongest month of the year
Short-term trends appear rosy, but end of CERB looms