The decline reflected weak demand and decreasing energy prices
With interest rates increasing, borrowing costs add to ongoing economic challenges
Unlike past episodes, strong recovery not likely to reignite world economy, Fitch says
Higher rates weigh on demand, lower lumber prices cut construction costs
All agreed ongoing rate increases “would be appropriate''
Preliminary estimates for January suggest consumers continued spending in the new year
Canada among the strongest in the G7 for growth in 2022
Inflation slowed to 5.9%, down from 6.3% in December
Increases in bankruptcy and debt restructurings reflect rising pressures, alongside normalizing numbers, TD reports
Bank of America, Goldman Sachs predict U.S. will hike rate to 5.25% or 5.5%