U.S. banks face rising funding costs: DBRS
Profits face further pressure as deposit rates continue to increase
- By: James Langton
- November 8, 2023 November 8, 2023
- 15:19
Profits face further pressure as deposit rates continue to increase
The government is increasing certain tax credits and social benefits
Members said it's more likely than not that interest rates will need to go higher to get inflation back to target levels
Short-term expectations increase, long-term view unchanged
Economic uncertainty, tight finances weighing on deal flow
Capital requirements to grow, profits under pressure for mortgage insurers
Parents intend to leave a much greater inheritance than their children expect, survey says
Slowdown in September followed two months of faster price rises
Upcoming fall economic statement could be last chance for a policy change
Survey shows the effects of inflation and higher borrowing costs
However, emerging trends weigh on projected costs
Canada leads G7 after rebounding from early weakness
Withdrawal of Covid-19 support, higher interest rates and softening consumer spending are challenges
Labour market is softening in the face of higher interest rates
A modest 150,000 U.S. jobs were created in the month amid higher borrowing rates
Upcoming COP meeting to support fourth-quarter issuance
Still, the average home price rose 3.5% year over year
Some of the 59 companies avoiding tax were in the finance sector
But inventory levels remain lower than what's traditionally available for the month
Some 210 major projects and US$86 billion in investment have been announced in the EV, battery storage and solar fields
Labour market shows strength, even as the Fed tries to cool the economy
Geopolitical conflicts and inflation remain at the forefront of American consumers' minds
Economists estimate that sharp losses in the stock and bond markets will have a depressive effect on the economy
StatsCan's preliminary estimate for Q3 suggested the economy shrank at an annualized rate of 0.1%