Average weekly earnings rose 2.9%, StatsCan said
The downgrade was slight, but consumer spending was down sharply
Systemic stress looks contained, but interest rate outlook has shifted, TD says
Deloitte predicts half-point real GDP drop in 2023
Political leaders said sector’s generally in “good shape” after Deutsche Bank stock fell 14%
TD predicts significant consumer spending slowdown after Q2
No new taxes, smaller surpluses predicted over next three years
Inflation remains elevated, bank failures likely to “weigh on economic activity”
Actual 2023 growth could be stronger than forecast
Quarter-point rate hike predicted as Ukraine war drives prices up