Assets rise, but outflows continue in Q2, Morningstar reports
Fuel prices were the biggest driver behind the drop
Food and housing costs continue to rise
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