U.S. CPI up 6% year over year
BMO increases GDP growth estimate for 2023
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”