The Canadian labour market added 104,000 net jobs in December, significantly higher than the forecast of 5,000. … READ MORE >
interest rates
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 >
Rising risk and your business: A webinar from RSM US and the U.S. Chamber of Commerce
Join RSM Chief Economist Joe Brusuelas and U.S. Chamber of Commerce Executive Vice President Neil Bradley for a discussion on matters affecting middle market businesses. … 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 >
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 >
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 >
Financial conditions and Canada’s real economy
Tightening financial conditions are hurting the Canadian economy to the point where the rising risk of a recession and a housing contraction much larger than anticipated cannot be discounted. … READ MORE >
FOMC decision: Fed lifts policy rate to range of 4.25% to 4.5%
The Federal Reserve on Wednesday lifted its policy rate by 50 basis points and laid the groundwork for an eventual pause in interest rate increases early next year. … READ MORE >
November CPI: Easing inflation amid surging housing costs poses dilemma for Fed
The sharp 3.4% decline in goods costs on a three-month average annualized pace stands in contrast with the 8.9% increase in housing costs, all of which poses quite a dilemma for the Fed. … READ MORE >
Did fiscal spending go too far? Assessing the global economy.
Policymakers, firm managers and investors should anticipate a significant fiscal narrowing for both public and private actors in the post-pandemic period. … READ MORE >