Financial markets have started the year facing a host of challenges, including the prospect of a stand-off over the debt ceiling in a divided Congress and the possibility of a recession later this year. … READ MORE >
Inflation
Canada job gains top forecast, complicating decision on rates
The Canadian labour market added 104,000 net jobs in December, significantly higher than the forecast of 5,000. … READ MORE >
U.S. economy generates 4.5 million jobs in 2022 as labor market remains hot
The American economy added 223,000 jobs in December, the unemployment rate fell to 3.5% and wages increased by 4.6%. … READ MORE >
Manufacturing posts first decline in nearly 3 years
Industry and government data on Wednesday continued to paint a mixed picture of the economy as the end of the business cycle is approaching. The manufacturing sector showed its first monthly contraction following 30 straight months of growth, highlighting the impact of restrictive monetary conditions the Federal Reserve continued to impose on the sector to fight inflation. … READ MORE >
Jobs report preview: Strong close to year as wages remain elevated
We expect the December U.S. jobs report on Friday to show an increase in total employment of 220,000 positions. … READ MORE >
Private investment and the reintroduction of risk
Regime changes in global trade, growth and liquidity, along with a significant increase in geopolitical tensions, are reintroducing political and economic risk. … READ MORE >
U.S. becomes the top destination for foreign direct investment
Rising rates, a strong dollar, an innovative economy as well as the rule of law continue to attract significant capital into American-based corporations. … READ MORE >
RSM’s economic outlook for Canada in eight charts
While the Canadian economy may avoid a recession next year, we expect growth will slow below 1% over the next few quarters, well below its long-term capacity. … READ MORE >
Canada inflation eases, but the fight is not over
November’s headline consumer price index in Canada dropped to a 6.8% increase from 6.9% on a year-ago basis, remaining significantly above the 2% target rate. … READ MORE >
Housing starts and permits fall as the correction continues
New housing starts dropped for the third month in a row in November as the housing market continued to be in correction mode. … READ MORE >