Regulatory, financial and economic headwinds all weigh on deal activity
But Canadians continue to pay substantially higher prices for groceries
New projections suggest inflation will return to 2% target in mid-2025 – six months longer than the central bank previously forecast
Central bank says British households face higher debt burdens but banks are in better position to help than they were 15 years ago
Inflation rate falls to an annualized rate of 3% in June with easing prices for gasoline, airline fares, used cars and groceries
Bank says rate hike to 5% was prompted by elevated demand, driven by strong consumer spending
Expectations of higher borrowing rates are having a knock-on effect across lending markets
Forecasters say the economy has not softened enough for the central bank to back off
The increase came as the economy added 60,000 jobs in June, driven by gains in full-time work
Many economists described the message from the June meeting as a blurry one