Household consumption to slow as debts rise: Fitch
Consumer spending supported by immigration-driven population growth
- By: James Langton
- October 22, 2024 October 22, 2024
- 17:12
Organization lowers its estimates for growth in Europe and China
Small- to medium-business owners fear the Canadian economy could become "collateral damage" after election
Including the next generation in family discussions can help advisors build trust and retain clients
Expansion pegged at an annualized rate of 4.6% -- below 5% goal
Federal Reserve research suggests consumer spending is the primary driver of the U.S. economy
Mortgage borrowing powers debt rise, credit card balances up too
Real GDP growth expected to strengthen in year ahead as price pressures ease
Mortgage buyer Freddie Mac says average is at highest level in 8 weeks — up from 6.32% last week
Liberals won't say if they'll meet target
Report from J.D. Power shows that when it comes to banks, Canadians are focused on fees
Seeing no signs of recession, bank’s rate-setting council lowers benchmark rate from 3.5% to 3.25% — its third reduction since June
Canadian investors add foreign stocks, while domestic debt lures offshore buyers
Easing interest rates, coupled with rising geopolitical risk, boost outlook
Provinces hard hit by higher rates forecast to drive recovery
Led by fall in sales in the primary metal and petroleum and coal product subsectors
Seasonally adjusted annual rate of housing starts was 223,808 units in September, up from 213,012 in August
Consumer prices rose 1.7% in September, down from 2.2% the previous month, cementing expectations for another rate cut
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