Growing services deficit and investment income turned the balance negative
Most firms to resist raising prices despite inflation and input cost challenges
Despite the recent slowdown, prices are higher than pre-pandemic levels
The increase was largely attributable to seasonal variations, as job vacancies typically peak in September
Scotia sees price pressures persisting even as growth slows
Softening demand, lower commodity prices cuts trade flows
Gasoline down 2.4%, convenience store sales drop 1.5%
U.S. growth returned to positive territory, while growth slowed in Canada and elsewhere
Domestic investors added record amounts of foreign bonds
Credit card balances up 15%, grocery spending down