A strong labor market, rising real wages and a 1% increase in disposable income bolstered household spending, which advanced by a sustainable 2.3%. … READ MORE >
Blog
Bank of Canada reduces rate to 4.5 per cent amid disinflation
With widespread disinflation and rising unemployment, our estimates show that the Bank of Canada’s policy rate is still a percentage point too high. … READ MORE >
GDP preview: U.S. top-line growth to show solid increase
The Fed will maintain its policy rate in a range between 5.25% and 5.5% when it meets at the end of July. But we anticipate a change in the committee’s policy statement that will signal a rate cut is on the table in September. … READ MORE >
5 things to know in life sciences: Week of July 15, 2024
A device inspired by the python’s ability to exert pressure was developed to improve rotator cuff surgeries. This and more in this week’s life sciences recap. … READ MORE >
Digital transformation and Canada’s public sector
The digital infrastructure in Canada’s public sector needs a serious overhaul. Significant investments are needed to move toward paperless systems, online government services, cloud-based solutions and improved cybersecurity. … READ MORE >
Strong employment enables consumers to maintain spending
Strong employment has sustained consumer spending levels, Commerce Department data for June released on Tuesday shows. Rdriven by robust employment despite consumers’ depleted savings and high interest rates. As retailers look ahead to the remainder of 2024, they should anticipate steady yet moderated spending. … READ MORE >
Canada’s CPI in June shows disinflation and suggests rate cut
While inflation will continue to decrease, price levels are much higher than a few years ago, and that is something that can only get more palatable with higher income levels. … READ MORE >
Retail sales were unchanged in June but still exceed forecasts
While the economy is cooling down, we believe that the concerns over the so-called death of the American consumer have been exaggerated. … READ MORE >
Why a strong dollar is in America’s best interests
A strong dollar not only means that there is a healthy demand for American-made goods and services, but, perhaps more important, it is also a show of confidence in the U.S. government and financial institutions. … READ MORE >
5 things to know in life sciences: Week of July 8, 2024
Each week we highlight five things affecting the life sciences industry. Here’s the latest. … READ MORE >