While raising the capital gains tax rate might help the government boost revenue, it could delay the economic recovery that Canada needs by temporarily discouraging investment. … READ MORE >
Economics
Demand for business spending on equipment falls in July
Core capital goods orders, which exclude aircraft and defense spending, posted a 0.1% decline in July. … READ MORE >
Canada’s rail strike disrupts supply chains
Even if the strike is resolved quickly and significant damage is avoided, this strike is the latest of events that highlight the need for companies to develop supply chain resiliency. … READ MORE >
Powell at Jackson Hole: Policy pivot signals the start of rate cuts
The Fed will need to put forward an appropriate framework—including a possible new inflation target—to communicate the rapid changes affecting the economy to the public, policymakers and investors. … READ MORE >
Jobless claims stabilize amid concerns over weak job gains
Initial claims last week rose by only 4,000, to 232,000, on a seasonally adjusted basis. Similarly, continuing claims for the week ending Aug. 8 increased by 4,000, to 1.863 million. … READ MORE >
The Fed nears a pivot: A webinar from RSM US and the U.S. Chamber of Commerce
Join RSM US Chief Economist Joe Brusuelas and U.S. Chamber of Commerce Executive Vice President Neil Bradley as they discuss the economic outlook and what middle market companies should anticipate. … READ MORE >
The TIPS bond market sees 2.1% inflation over the next 10 years
The recent drop in both Treasury yields and TIPS yields are adding credence to the success of the Federal Reserve’s campaign to squeeze inflation out of the economy. … READ MORE >
Canada’s inflation fell to 2.5 per cent, solidifying case for rate cut
Inflation numbers have consistently come in below expectations this year and is firmly on track to reach 2 per cent next year. … READ MORE >
Seven reasons why the U.S. economy will not fall into recession
The American economy is not heading into a recession. The economy has shown resilience despite high interest rates and elevated inflation. … READ MORE >
Fed loan officer survey shows CRE standards continue to tighten
The tightened lending standards stem from an increase in funding costs and the increase in the loan-to-value ratios that we’ve seen across the nation. … READ MORE >