Despite the first-quarter slowdown, consumer spending reflected confidence
Powell and other officials have signalled in the past week that they're likely to support a pause
Commercial real estate exposure a bigger issue for smaller U.S. lenders
Bank failures may cause lending reduction but inflation remains well above 2% target
Stubbornness of high inflation divides Federal Reserve on managing interest rates
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
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
Rhys Mendes will become Bank of Canada deputy governor in July while Biden has made two Federal Reserve nominations