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Heavy weight

Household debt continues to swell: StatsCan

Credit card balances rise as mortgage growth slows

Federal Reserve building in Washington DC, US. Close up of a top part of the building with eagle statue.

Fed foresees three rate cuts this year but fewer cuts in 2025

Officials kept their benchmark rate unchanged for a fifth straight time, slightly raised inflation forecasts

home financing

Global real estate sector outlook still dark: Moody’s

High interest rates, slowing growth pose major challenges

Bank of Canada note

Bank of Canada’s notes show bank expects to cut rates this year

According to summary of most recent deliberations, governing council is split on the timing

Canadian flag

Subdued growth expected across Canada in 2024: Conference Board

Newfoundland and Labrador pegged for GDP growth of 1.5%, the strongest in the country

  • By: IE Staff
  • March 20, 2024 March 20, 2024
  • 12:55
UK inflation image

U.K. inflation falls by more than expected in February

With the cost-of-living crisis abating, the Bank of England expected to start cutting interest rates soon

  • By: Pan Pylas
  • March 20, 2024 March 20, 2024
  • 11:06
inflation

Inflation slows in February, unexpectedly

The report is encouraging for the Bank of Canada, economist says

Yellow arrow

Bank of Japan hikes for first time in 17 years

The BOJ ends its negative interest rate policy

Federal Reserve building

Fed likely to preach patience as markets look ahead to rate cuts

Federal Reserve officials are expected to play it safe when they meet this week

Arrow up

Economists expect inflation rate ticked up above 3% last month

Higher energy prices are driving the increase

home financing

National home sales in February up nearly 20% compared with year ago

Buyers are showing more optimism than last year

Arrow cube

Wholesale sales rose 0.1% in January

For a fourth consecutive month, the personal and household goods subsector also rose

home building

February housing starts increased 14% from January, finds CMHC

Slower housing starts have been expected this year as borrowing conditions and labour shortages affect the pace of building

Apartment building

Renters have harder time accumulating wealth: RBC economist

Homeowners' net worth has reached greater levels in comparison

Quantum computer

Financial services execs investing in generative AI: report

Many professionals were also concerned about cybersecurity threats

Heavy weight

Households owed $1.79 for every dollar of disposable income in Q4

Data from Statistics Canada is lower in Q4 than it was in Q3

Quebec tables budget with $11B deficit

Finance minister Eric Girard offers no precise timeline to balance books

inflation

U.S. inflation up again in February

Prices rose 0.4% from January to February, higher than the previous month’s figure of 0.3%

India europe

India signs a trade accord with 4 European nations

Deal calls for $100 billion in investments over 15 years

Japan credit card

Japan’s economy avoids recession, revised data show

Economy managed growth of 0.4% in 2023's final quarter

Bankrupt

Insolvencies expected to stay higher in 2024

Experts say economy still playing catch-up after pandemic lows

Apartment building

Average asking rent prices are up 10.5% from 2023

Asking rent reached $2,193 in February

Modern Keyboard Button with Vote Icon - Online Voting and Election Concept

Banks face array of shareholder proposals

Environment, executive compensation and governance issues highlight the big banks' upcoming proxy season

Stick figures

Canada added 41,000 jobs in February

However, other measures of employment paint a weaker picture of the labour market

Now hiring sign

U.S. employers add a surprisingly strong 275,000 jobs

The latest figures reflected the job market’s sustained ability to withstand the 11 rate hikes imposed by the Fed