U.S. economy grew at weak 1.1% rate in Q1
Slowdown reflects impact of Federal Reserve's aggressive drive to tame inflation
- By: Paul Wiseman, The Associated Press
- April 27, 2023 April 27, 2023
- 11:11
Slowdown reflects impact of Federal Reserve's aggressive drive to tame inflation
Held off on a hike, but a cut in policy rate later this year ‘doesn't look like the most likely scenario’
EU member countries must thrash out the details of new rules, aimed at meeting ongoing monetary challenges
Global sales dropped in the first quarter but Canada was an exception, Morningstar reports
Mutual funds recorded $3.4 billion in net redemptions for March but ETF sales held up, IFIC reported
Consumer spending has remained strong despite the Federal Reserve raising interest rates nine straight times
Adoption of the new financial benchmark well underway
Tax processing, transfers and trade could be impacted by job action, NBF says
Pay raises eased last year and were often disconnected from corporate performance
Research finds that the benefits of innovation aren't shared equally
Monthly increase in EI recipients comes off historic low in January
Mortgage debt rebounds alongside housing market; credit card debt climbs too
Food prices jumped 19.2% in the 12 months through February, according to the Office for National Statistics
The Bank of Canada's preferred measures of core inflation also trended downward
Lack of data makes it tough to assess stability risks, Moody's warns
Foreign investors snapped up Canadian corporate bonds in February
Report suggests the return on education is rising