High rates and slowing growth weighs on corporate balance sheets
The forecast for core inflation was also revised downward in the latest ECB survey
Neutral rate may be rising due to government deficits and changing supply chains
While prices for many goods are falling, the price increases for services remain chronically high
Factors that drove higher interest coverage appear to be in reverse
Construction sector leads decline in payroll employment
Keeps door open to more rate hikes
Margin pressures, slowing loan growth and rising capital demands to continue
The exchange is the latest example of the heightened political scrutiny the BoC has faced post-pandemic
Katie Klingensmith of Brandywine Global Investment Management says given the current real rates, there are fixed-income opportunities that have not existed in a generation or two