Falling GDP per capita has economists calling for the Bank of Canada to start cutting rates soon before too much damage is done. Read more.
— Read on financialpost.com/news/economy/gdp-per-capita-record-drop-outside-recession
Bank of Canada says two per cent inflation target necessary | Financial Post
Senators question whether Bank of Canada should just raise inflation target to give Canadians relief on high mortgage rates. Read more
— Read on financialpost.com/news/macklem-defends-bank-of-canada-inflation-target
Canada’s per capita output drops 7% below trend, new Statscan report says – The Globe and Mail
Weak productivity, business investment contribute to sluggish economic performance
— Read on www.theglobeandmail.com/business/article-canada-economic-output-statistics/
Bank of Canada says any rate cuts would probably be gradual | Reuters
By Promit Mukherjee and David Ljunggren
— Read on www.reuters.com/world/americas/bank-canada-says-any-rate-cuts-would-probably-be-gradual-2024-04-24/
Visualizing AI Patents by Country
This visualization shows which countries have been granted the most AI patents each year, from 2012 to 2022.
— Read on www.visualcapitalist.com/visualizing-ai-patents-by-country/
Trudeau’s response to Ottawa hate rally too little, too late | National Post
The prime minister is directly responsible for the anarchy on our streets
— Read on nationalpost.com/opinion/trudeaus-response-to-ottawa-hate-rally-too-little-too-late
U.S. Debt Interest Payments Reach $1 Trillion
U.S. debt interest payments have surged past the $1 trillion dollar mark, amid high interest rates and an ever-expanding debt burden.
— Read on www.visualcapitalist.com/u-s-debt-interest-payments-reach-1-trillion/
Mortgage payment shock far from over, warn economists | Financial Post
Mortgage payment shock could stretch into 2027 and drag Canada’s economy into recession, says Oxford Economics. Find out more
— Read on financialpost.com/news/mortgage-payment-shock-far-from-over
OSFI limits banks’ mortgages to highly indebted borrowers | Financial Post
New mortgage rule imposed by Office of the Superintendent of Financial Institutions aims to reduce financial system vulnerability. Read more
— Read on financialpost.com/fp-finance/banking/osfi-limits-banks-mortgages-highly-indebted-borrowers
Fed’s Beige Book finds steady growth but little progress on inflation – MarketWatch
The U.S. economy grew slightly faster in the early spring and businesses added more workers, a Federal Reserve survey found, but there was little progress in…
— Read on www.marketwatch.com/story/feds-beige-book-finds-steady-economic-growth-but-little-progress-in-reducing-inflation-8cd1e19e