Tighter financing environment, declining economic growth to drive defaults
Federal Reserve expected to hold interest rates at December meeting
Economists expect Bank of Canada to remain on hold amid economic weakness
With the weakening economic outlook, the European Central Bank is expected to hold rates in December
U.S. prices were unchanged from September to October
Rating agency sees modest profit improvement ahead for industry
Outlook shifts to neutral as banks adapt to higher rate environment
Consumer spending puts economy on track for 5.2% annual growth, up from 4.9% estimated last quarter
Rating agency expects 100 basis points of rate cuts next year
Inflation-adjusted credit declined for first time since 1990s recession, according to National Bank Financial