The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve’s first move before a declining currency threatens to endanger the inflation outlook, the median estimate of seven analysts in a straw poll showed.
— Read on www.reuters.com/business/finance/weaker-loonie-may-not-deter-bank-canada-diverging-fed-2024-05-17/
Tag: Canada
Why women approaching retirement are worried about their finances – The Globe and Mail
Fidelity Investments Canada’s Michelle Munro discusses the anxiety pre-retirees feel
— Read on www.theglobeandmail.com/investing/globe-advisor/advisor-news/article-why-women-approaching-retirement-are-worried-about-their-finances/
Canada’s standard of living faces worst decline in 40 years | Financial Post
Canada’s GDP per capita is on track for the worst decline since 1985, says Fraser Institute study. Find out more
— Read on financialpost.com/news/canada-standard-of-living-faces-worst-decline-40-years
Canada could have avoided mortgage payment shock, says report | Financial Post
Canada is being hit hard by mortgage payment shock but it could have been avoided with longer mortgage terms, says Desjardins. Read more
— Read on financialpost.com/news/canada-could-have-dodged-mortgage-payment-shock-report
Canada adds 90,000 jobs in April, beating expectations, as unemployment rate holds steady – The Globe and Mail
Traders pare back expectations for Bank of Canada rate cut in June
— Read on www.theglobeandmail.com/business/article-canada-jobs-unemployment-rate-april-2024/
Bank of Canada finds pockets of vulnerability in financial system | Financial Post
Bank of Canada says higher leverage among hedge and pension funds is not a problem yet, but could be if there is a dash for cash. Read more
— Read on financialpost.com/fp-finance/bank-of-canada-finds-pockets-vulnerability-financial-system
How rate cut bets are changing after April jobs ‘shocker’ – National | Globalnews.ca
Canada’s unemployment rate was steady at 6.1 per cent in April as employers collectively added some 90,000 jobs, primarily concentrated in part-time work.
— Read on globalnews.ca/news/10487369/canada-unemployment-april-2024/
What the changes to the Home Buyers’ Plan mean for prospective buyers
One expert says the changes to the Home Buyers’ Plan will be ‘marginal at best’ for first-time homebuyers.
— Read on ca.finance.yahoo.com/news/what-the-changes-to-the-home-buyers-plan-mean-for-prospective-buyers-141115909.html
GDP per capita in Canada hits lows of a recession | Financial Post
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
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/