Canada’s financial conditions have deteriorated as the prospect of slower economic growth looms in the coming quarters amid tariff-induced uncertainty. … READ MORE >
pandemic
Bank of Canada cuts interest rate to 3.25% as focus shifts to gap with U.S.
The Bank of Canada lowered its interest rate to 3.25 per cent — an overdue move out of restrictive territory given that inflation has largely been tamed. Expect more rate cuts in early 2025 to get the economy onto an expansionary trajectory. The policy rate should come down to 2.75 … … READ MORE >
Back-to-normal supply chain fuels disinflation tailwind
Supply chains in the United States continued to recover in December, remaining at the pre-COVID level for the sixth straight month, according to the RSM US Supply Chain Index. … READ MORE >
The pandemic response: Assessing the Main Street Lending Program
The Main Street Lending Program was the Federal Reserve’s most direct intervention in the bank loan market since in the 1930s and 1940s … READ MORE >
The pandemic response: Assessing the Paycheck Protection Program
The American economy was facing an abyss in March 2020, but because of forceful action by the fiscal and monetary authorities, it rebounded faster than expected. … READ MORE >
5 things to know in life sciences: Week of Dec. 12, 2022
Each week we highlight five things affecting the life sciences industry. Here’s the latest. … READ MORE >
End of an era? Bond market selloff prompts a new regime
The dramatic fiscal and monetary response to the pandemic has elicited a structural break in globalization, growth and liquidity regimes that have driven the world’s economies over the past 25 years. … READ MORE >
Canada’s merchandise trade growth slows
After two consecutive months of strong growth, Canada’s exports leveled off in April while imports rose slightly, netting a surplus of CA$1.5 billion. … READ MORE >
Bank of Canada raises rates by a half percentage point
In an effort to target inflation that is at its highest level in decades, the Bank of Canada on Wednesday increased its policy interest rate by 50 basis points, to 1%, and said it would begin to reduce its balance sheet, known as quantitative tightening. … READ MORE >
Canada’s GDP rises, led by construction and trade
Canada’s gross domestic product in January had a modest increase of 0.2% from December as the effects of the omicron variant paused growth in the services sector. … READ MORE >