Stubbornness of high inflation divides Federal Reserve on managing interest rates
Rising rates, benchmark reform, commodity prices all affected activity
Regulators ask lawmakers for action on investment fund costs
Strong inflation data coupled with housing market rebound makes case for more BoC tightening
Rent and mortgage costs led to the first increase in the annual rate since it peaked at 8.1% in June 2022
Consumers face challenges in the second half of the year, including tighter credit and a weaker job market
Risk management experts cited high inflation, quantitative tightening and cyber attacks as potentially contributing to shocks
Companies paying down debt also reduce their deposits and outstanding loans, according to CIBC
Inflation and U.S. bank turmoil still pose challenges
Credit card performance deteriorating, insolvencies rising, as higher rates and inflation bite