Quarterly outcome was nevertheless slightly ahead of analysts' expectations for a modest decline in output
More adjustment to come as previous rate hikes filter through the economy, Bank of Canada senior deputy governor says
Still, the Federal Reserve chair didn't rule out another increase
Profits face further pressure as deposit rates continue to increase
Members said it's more likely than not that interest rates will need to go higher to get inflation back to target levels
Short-term expectations increase, long-term view unchanged
Rates staying higher will continue to drive credit outlook, Moody's says
Leaves the door open to further rate hikes if inflation pressures should accelerate in the months ahead
Economists estimate that sharp losses in the stock and bond markets will have a depressive effect on the economy
StatsCan's preliminary estimate for Q3 suggested the economy shrank at an annualized rate of 0.1%