Dislocation around government paychecks, SNAP payments and the permanent loss of income by government contractors over the past six weeks will take a number of weeks to unwind. … READ MORE >
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UK financial conditions provide tailwind amid fiscal uncertainty
Financial conditions in the UK imply a solid tailwind for growth from the financial sector even as uncertainty over fiscal policy weighs heavily on the real economy, where hiring has slowed. … READ MORE >
Market Minute: Canada’s financial conditions and its monetary policy path
Policy rate cuts by the Bank of Canada and the U.S. Federal Reserve are in response to both countries’ economies absorbing adverse policy shocks along with a slowing pace of hiring and wage growth. … READ MORE >
Canada’s economy slowing as major free-trade renegotiation looms
Canada’s subdued economic activity and the drop in inflation despite ongoing tariffs imply that the Bank of Canada could cut interest rates again this year. … READ MORE >
Bank of Canada holds interest rate amid economic resilience, trade tensions
The Bank of Canada held its key interest rate at 2.75 per cent amid Canada’s overall economic resilience and ongoing trade tensions with the U.S. … READ MORE >