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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

Fighting for empty office chair

U.S. filings for jobless claims inch up modestly

Continuing claims rise for ninth straight week

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

Fed wants more evidence of cooling before it cuts rates

Minutes of most recent meeting show that policymakers are in no rush to reduce borrowing costs

Investing

Canadian capital markets activity rebounds

RBC Capital Markets dominates underwriting league tables

International Trade

Merchandise trade deficit widened to $1.9B in May: StatsCan

Exports dampened by lower energy prices and volatility in gold shipments

Real estate

More rental housing needed despite uptick: RBC economist

Rental housing increasingly popular due to demographic shifts and the unaffordability of home ownership

Vancouver skyline

Vancouver home sales fall as inventory continues to build

Real estate board says the number of homes sold in June tumbled 19.1%

mergers and acquisitions

Global M&A rises, even as deal numbers dwindle

Surge in mega deals, valuations drive dealmaking activity in first six months of 2024

Pension saving

Canadian pension plans were volatile in Q2: Mercer

Interest rate changes and inflation risks affected plans

stock exchange graph

Global capital markets activity up in first half of 2024: LSEG

Both equity and debt issuance rises in the first six months of the year

Federal reserve building, Washington DC

U.S. inflation is slowing again, though it isn’t yet time to cut rates: Powell

Powell said the U.S. economy and job market remain fundamentally healthy

Maintaining Profits economic growth chart businessmen illustration

U.S. job openings rise to 8.1 million despite higher interest rates

The U.S. economy, job market have been resilient in the face of the Fed's campaign to raise interest rates to rein in inflation

Europe flag and money

The European Central Bank is in no hurry to make more rate cuts

The European economy has slogged through quarter after quarter of near-zero growth

Wall Street Bull bronze sculpture in the Financial District in Manhattan

Wall Street sees Fed easing into rate cuts

Economy performing better than expected, pushing out Fed action

Heavy weight

Business and consumer insolvencies rise in May

Year-over-year insolvency levels have been rising for more than two years

Arrow blocks

Economy grew 0.3% in April: StatsCan

Both goods-producing and services sides of the economy showed growth

Federal reserve building, Washington DC

Fed’s preferred inflation gauge shows price pressures easing

Average prices still remain far above where they were before the pandemic

Arrow blocks

U.S. economic growth for last quarter revised up slightly

Recorded pace was slowest quarterly growth since spring 2022