Troubled property sector poses growing threat to banks
Jobless rate at 53-year-low of 3.7%, markets alarmed
Employment up in finance, insurance
Forecast decline nearly 12% in Toronto area, Halifax expected to gain 8%
Household savings rate rose to 5.7% in Q3; oil exports helped drive GDP growth
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