Canadian economy “dancing around the edge of recession” going into 2024
Soft landings are in sight for Canada and the U.S., according to outlook reports from Scotiabank and BMO
- By: Mark Burgess
- December 18, 2023 December 18, 2023
- 13:25
Soft landings are in sight for Canada and the U.S., according to outlook reports from Scotiabank and BMO
It's still too early to consider cutting the policy rate, the Bank of Canada governor said in a speech
Foreign investors sold Canadian securities, while Canadians divested U.S. stocks
Earnings expectations will need to account for a changing environment
Unemployment has since increased in Canada, but declined in the U.S.
Central bank foresees three rate cuts next year
Statistics Canada found household disposable income rose 1.0%, while credit market debt gained 0.8%
What happens next year is mainly in the hands of central banks, economists say
More businesses are seeking credit as the end of the year approaches
Pipeline of female leaders diverted by workplace shifts, DBRS says
Foreign exchange gains offset by equity, bond market weakness
The stickiness of inflation in the service sector will likely keep the Federal Reserve on guard
High rates continue to affect private equity valuations, while private credit faces default risk
New research finds that brokers leak info on smart shorts into the market
Wednesday's rate announcement follows an inflation report on Tuesday
Employers are finding it easier to hire, with fewer complaints of worker shortages and less pressure to raise pay
The recovery after stringent pandemic restrictions were lifted was short-lived
Technical recession remains a distinct possibility, SIFMA survey finds
Mortgage resets next year expected to cut into spending
A majority of respondents didn't know the features and benefits of the account
Home sales in the region totalled 2,664, down from 2,700 in November 2022
The 0.8% drop is the sixth straight quarterly labour productivity decline, StatsCan reports