Latest news in Research and Markets

tightrope

Market turmoil weighs on Europe’s asset managers

Record AUM, higher revenues, margins to be hit if market stress persists

Queen's park, Ontario

Ontario to loosen internal trade, remove barriers on alcohol and labour mobility

Province says internal barriers cost Canadian economy up to $200B a year

Canada U.S.

WTO says global trade could slide this year because of Trump’s tariff policies

North American exports could plunge 12.6% if harshest levies are applied

Federal Reserve building

Powell says Fed can wait on any interest rate moves

U.S. central bank seeks clarity on impacts of Trump's moves on immigration, taxation, regulation, and tariffs

Housing chart

Rate hold means status quo for Canada’s struggling housing market: experts

Economic uncertainty has quashed hopes of a housing pickup in 2025

Global growth

Global growth weakest since financial crisis: S&P

Trade turmoil, market uncertainty to drive weaker growth, higher inflation

Bank of Canada note

Bank of Canada holds key rate steady

Central bank cites uncertainty around tariffs and competing risks of inflation and recession

China

China’s economy grew 5.4% in the first quarter

In quarterly terms the economy expanded 1.2% in January-March, slowing from 1.6% in Q4

Retail sales

U.S. retail sales rise 1.4% in March as shoppers stocked up ahead of tariffs

Surge in auto and electronics purchases drives retail gains

British currency

U.K. inflation dips in March

Consumer prices rose less than expected, potentially paving the way for another interest rate cut next month

Businessman Stop Domino Effect. Risk Management and Insurance Concept

There’s nowhere to hide from trade turmoil

Most households highly exposed to stocks, the rest to real estate: NBF

Close up of a digital platform for investing

Boring money market funds face innovation: Moody’s

Money market ETFs, tokenization threatening to shake up sector

Bank of Canada

BoC rate decision too close to call after soft March inflation report

Inflation slowdown gives the central bank "breathing room," Desjardins economist says

Computer pointer

ESMA finalizes liquidity tool rules for funds

Regulation addresses liquidity, stability risks revealed by pandemic

Five star rating

Credit rating trends negative in first quarter: Fitch

Downgrades outnumber upgrades in Q1, reversing prior quarter's trend

Container Cargo ship and Cargo plane with working crane

Ottawa says automakers that keep manufacturing in Canada will get a tariff exemption

Six-month tariff holiday for U.S. imported goods used in Canadian manufacturing also announced

Manufacturing

Manufacturing sales ticked up 0.2% to $72.9B in February: StatCan

Gains in sales of primary metals and chemicals offset petroleum decline

Apartment building

Tariff uncertainty foils ‘slam dunk rebound year’ for national home sales: CREA

Association cuts 2025 sales forecast as March activity drops 9.3% year-over-year

Housing start

CMHC reports annual pace of housing starts slowed in March

Centres with a population of 10,000 or more saw a decline of 2.8%

China flag

Xi makes a case for free trade, presenting China as a source of ‘stability and certainty’

China deepens ties with Vietnam, Malaysia and Cambodia

Falling inflation

Inflation cooled to 2.3% in March, StatCan says

Agency cites falling travel and fuel costs, but restaurant prices rose with end of federal tax relief

Global map

Exchanges to profit from volatile markets

Strong volumes to boost revenues from transactions and clearing: Moody's

outline of people

Underestimating population growth at our peril: CIBC

Official counts may miss the mark, leaving policymakers scrambling

Busy mall

Canadians cutting spending, delaying purchases amid tariff turmoil: MNP survey

Despite the uncertainty, survey suggests Canadians' outlook for their personal finances has brightened

China flag

China’s exports jump 12.4% in March as bigger U.S. tariff hikes loom

Trade between China and the U.S. is expected to “crater” after a temporary boost last month