U.S. will enter a recession in 2025: BCA Research
S&P 500 will fall to 4,100, Canada will also see a recession, Peter Berezin forecasts
- By: Kevin Press
- November 22, 2024 November 22, 2024
- 12:55
S&P 500 will fall to 4,100, Canada will also see a recession, Peter Berezin forecasts
Economists predict that U.S. mortgage rates will hover around 6% in 2025
The broad plan is meant to lift wages, spur growth in the world's fourth largest economy
The surge comes just two years after the collapse of crypto exchange FTX
China's total foreign trade from January to October is up about 5% from a year ago, Wang noted
The agency says the boost was driven by food, beverage sales
Resilient U.S. economy continues to lead the G7, France enjoys Olympics boost
Chinese government stimulus expected to contribute further inflationary pressure
Weak yen and rising energy prices keeps import costs high
Expectations for further rate cuts this year disappear in face of higher energy bills
System remains fragile as growth slows, geopolitical uncertainty rises
Mortgages, credit card balances grow faster in September: StatCan
The rate is now back to the Bank of Canada's target
Rising confidence in ESG reporting, climate change concerns fuelled the growth
The loonie is lower than it's been since the early days of the pandemic
Net assets rose to $675.1 billion in the quarter
The increase was likely related to the previous month's supply bump: economist
The report arrives ahead of the holiday shopping season, a critically important time for retailers
Manufacturing sales saw second consecutive monthly decline
Jobless rates have climbed in Canada, U.S. since the start of the year
Short-duration bonds saw positive returns thanks to lower inflation, BoC easing
Policy shift to stoke inflation, hurt growth, intensify uncertainty