S&P downgrades TD on U.S. settlements
Ratings dropped amid concerns about bank's risk management
- By: James Langton
- October 15, 2024 October 15, 2024
- 16:20
Bank of Canada's interest rate cuts haven't spurred expected improvement
The reading raises the odds of a 50-basis-point rate reduction by the Bank of Canada
Two-thirds of countries had above-average employment rates
CPI surprises largely temporary, shouldn't derail monetary easing
Bank has flexibility to pivot, cushioning the impact of regulators' sanctions
Canadians said they're reducing spending, putting off buying big-ticket items
Proxy voting policy survey highlights issues for upcoming AGM season
Institutional investors increasingly interested in digital assets, survey finds
The unemployment rate fell to 6.5%: StatCan
Richest households capture largest share of gains in second quarter
Filings eased a bit in September, but remain on pace to exceed 2023: S&P
Rentals.ca and Urbanation says average asking rents in September were up 2.1%
Re/Max report says pent-up demand is expected to fuel stronger market activity by spring 2025
Wealthier households, however, have seen their purchasing power rise since 2022
Strains are easing, but Vancouver remains in "crisis territory," RBC Economics says
Both Trump, Harris have campaigned on policies that could cause uncertainty for Canadian trade
But the piecemeal nature of the plans appeared to disappoint investors
The result came as total exports fell 1% in the month: StatCan
Tapping private capital will be a key strategy for businesses
Surging debt issuance leads the way, with lending, M&A up too
Electoral sweep would weigh on global growth, oil prices, Desjardins economists project