Unemployment remains historically low in U.S., Europe
Weakness in China, tighter financial conditions weighing on outlook
Market gains tempered by rising Canadian dollar in Q2
Moody's boosts 2023 outlook, sees slowing in 2024
Overall economic trends point to a slowdown
Canada's merchandise trade surplus with the United States rose to $7.4 billion
Numbers reflect higher borrowing costs and uncertainty about the economy
Leverage and liquidity risks lurk alongside rising financial stresses
Food and energy prices eased, but core inflation remained stubbornly high
Kathrin Forrest of Capital Group says investors face an economic environment with a broad range of potential outcomes