rise in price level in an economy over time
David Rosenberg: Budget 2024 deserves a failing grade and will make the fight against inflation even harder
theglobeandmail.com/investing/markets/inside-the-market/article-david-rosenberg-this-anti-competitiveness-budget-deserves-a-failing/
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Canada budget woos young voters, asks rich to pay more | kuwaittimes: Canada budget woos young voters, asks rich to pay more - Business - OTTAWA: The government ...
kuwaittimes.com/article/13228/business/canada-budget-woos-young-voters-asks-rich-to-pay-more/
Scotiabank analyst see ‘downside risks’ to bank stocks in a higher-for-longer interest rate backdrop
theglobeandmail.com/investing/markets/inside-the-market/article-scotiabank-analyst-see-downside-risks-to-bank-stocks-in-a-higher-for/
Paid articlePaid Investors should expect ‘new normal’ once interest rates drop, BMO head says: CEO Darryl White tells shareholders BMO’s U.S. segment has posted income of more ...
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Statistics Canada set to release its March inflation report - National | Globalnews.ca
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How are you tackling rising food prices? We want to hear from you: Amid rising food prices, Canadians continue to brace for inflation as spending and consumption ...
ctvnews.ca/canada/how-are-you-tackling-rising-food-prices-we-want-to-hear-from-you-1.6847586
Economists warn tax hikes are on the table in Tuesday’s budget: The Finance Minister has fuelled that speculation in large part by refusing to rule out such ...
theglobeandmail.com/politics/article-economists-warn-tax-hikes-are-on-the-table-in-tuesdays-budget/
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States' inflation varies, in part due to domestic migration - UPI.com: While the nation's inflation rate rose to 3.5% in March, some states are seeing ...
upi.com/Top_News/US/2024/04/17/domestic-migration-inflation/8701712947063/
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Canadians’ wages took major hit in 2022 amid high inflation rates: StatCan - National | Globalnews.ca
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Powell Says Inflation Progress Has Stalled, Rates Will Hold Steady for Longer: Fed Chairman Jerome Powell is speaking today in a forum with Bank of Canada Gov ...
on.barrons.com/3xKrd38
Canada Inflation Ticks Up to 2.9% on Higher Gas Prices: Canadian consumer prices reaccelerated slightly as expected due to higher gasoline prices ...
bloomberg.com/news/articles/2024-04-16/canada-inflation-ticks-up-to-2-9-on-higher-gas-prices
Paid articlePaidQuick Glance: Canadian Inflation Rises Due to Increase in Gasoline Prices
- Canadian consumer prices saw a slight increase, primarily due to higher gasoline prices. Core metrics indicated further progress in disinflation, prompting the central bank to prepare for a shift to looser monetary policy as early as June or July.
- In March, the consumer price index rose by 2.9% compared to the previous year, up from the 2.8% reported a month earlier. Excluding gasoline, the index slowed to 2.8% from the previous year, in contrast to February's 2.9%.
- However, indications of underlying price pressures decreased. The averages of the Bank of Canada's two core measures decreased to an annual rate of 2.95%, weaker than anticipated. Following the release, yields on two-year Canadian government bonds dropped by approximately 10 basis points to 4.18%.
- The March inflation data suggest that the decline in core metrics this year is not temporary. Bank of Canada officials are now waiting to be convinced that the path to the 2% target can be sustained before making adjustments to monetary policy.
Montreal market powers ahead as home sales surge: What’s happening has some familiar causes: the combination in recent years of faster immigration and population ...
theglobeandmail.com/real-estate/article-montreal-market-powers-ahead-as-home-sales-surge/
Paid articlePaid Politics Briefing: Inflation rate ticked higher in March, markets bet on June rate cut
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This is the No. 1 city in the world for remote work—what it's like to live there: A new analysis from Remote.com considers factors covering quality of life ...
cnbc.com/2024/04/16/no-1-city-in-the-world-for-remote-workwhat-its-like-to-live-there.html
TC Energy Floating Preferred Shares: Double-Digit Yield With Relatively Low Risk: TC Energy Series 2 preferred shares and TransAlta Preferred Shares ...
seekingalpha.com/article/4683765-tc-energy-floating-preferred-shares-double-digit-yield-relatively-low-risk
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Canada hikes permanent residence fees – Check full list: The previous increase in permanent residence fees was implemented in 2022.
financialexpress.com/business/investing-abroad-canada-increasing-permanent-residence-fees-on-april-30-2024-3454996/
Bank of Canada Holds Interest Rates Steady for 6th Meeting: The Bank of Canada held its policy rate steady for a sixth consecutive meeting as officials signaled ...
bloomberg.com/news/articles/2024-04-10/bank-of-canada-seeks-more-disinflation-proof-as-it-mulls-cuts
Quick Glance: Bank of Canada Keeps Interest Rates Steady for 6th Meeting
- The Bank of Canada chose to maintain the policy rate steady for the sixth consecutive meeting as officials indicate a possible move towards rate cuts pending additional evidence of inflation slowdown.
- Governor Tiff Macklem and policymakers opted to leave the benchmark overnight rate unchanged at 5% during this week's session.
- The US criticized strikes on Russian oil refineries due to the potential risk to oil markets. A top Wall Street expert forecasts a brief pause in US stock activity post a period of growth. Additionally, a bond trader made a significant futures bet ahead of the release of inflation data.
Bank of Canada: can't cut rates until it sees more inflation progress: The Bank of Canada (BoC) kept its key interest rate unchanged at a near 23-year high of 5% ...
reuters.com/business/finance/bank-canada-cant-cut-rates-until-it-sees-more-inflation-progress-2024-04-10/
TSX posts biggest drop in two months as rate cut bets ebb: Canada's main stock index fell by the most in nearly two months on Wednesday as the Bank of Canada ...
reuters.com/markets/tsx-futures-rise-ahead-boc-decision-oil-lends-support-2024-04-10/
Bank of Canada set to announce interest rate decision. Will it hold? - National | Globalnews.ca
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Bank of Canada to keep rates on hold this week, first cut seen as early as June: The Bank of Canada is widely expected to keep its key overnight rate on hold ...
reuters.com/markets/rates-bonds/bank-canada-keep-rates-hold-this-week-first-cut-seen-early-june-2024-04-08/
Morning Bid: CPI vigil, Canada decides, China credit warning: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-10/
TSX closes lower as Bank of Canada holds rate, U.S. markets fall on inflation report | Globalnews.ca
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S&P/TSX gains 100 points, U.S. markets mixed ahead of inflation reports | Globalnews.ca
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BoC to start cutting rates in June, but greater risk is delay: The Bank of Canada will cut its key interest rate in June, a strong majority of economists in a ...
reuters.com/markets/rates-bonds/boc-start-cutting-rates-june-greater-risk-is-delay-2024-04-05/
Ford’s delay of Oakville production shows all that EV glitter isn’t gold: Ford is delaying the start of electric-vehicle production at its Oakville, Ont. ...
theglobeandmail.com/business/commentary/article-fords-delay-of-oakville-production-shows-all-that-ev-glitter-isnt-gold/
Paid articlePaid CIBC CEO says Canada should pursue policies that tame inflation in upcoming budget
reuters.com/world/americas/cibc-ceo-says-canada-should-pursue-policies-that-tame-inflation-upcoming-budget-2024-04-04/
Canadian firms start to anticipate recovery, central bank survey finds: Canadian firms have begun to expect improved conditions after almost two years of ...
reuters.com/markets/canadian-firms-start-anticipate-recovery-central-bank-survey-finds-2024-04-01/
Canada’s Poor Productivity Has Reached Emergency Status, Senior Central Bank Official Says
wsj.com/articles/canadas-poor-productivity-has-reached-emergency-status-senior-central-bank-official-says-1549142c
Quick Glance: Canada Urgently Needs to Boost Productivity
- Carolyn Rogers, the Deputy Governor of the Bank of Canada, emphasizes the need for a turnaround to safeguard the economy from potential inflationary pressures.
- In the fourth quarter of 2023, Canada saw a 1.7% annual increase in productivity, marking the first rise following six consecutive quarterly declines.
- Current data suggests that Canada's productivity level has remained virtually unchanged for the past seven years.
- Furthermore, an additional measure of living standards utilized by economists indicates a prolonged stagnation, remaining stagnant at a level reminiscent of nearly a decade ago.
Canada's GDP rebounds in January, likely up 0.4% in February: Canada's gross domestic product strongly rebounded in January exceeding expectations and February's ...
reuters.com/markets/canadas-gdp-outperforms-jan-growth-forecast-likely-grew-04-feb-2024-03-28/
Bank of Canada likely to lead the U.S. Fed in rate cuts: The Bank of Canada (BoC) is likely to move ahead of the U.S. Federal Reserve on its first rate cut ...
reuters.com/business/finance/bank-canada-likely-lead-us-fed-rate-cuts-2024-03-26/
Quick Glance: Bank of Canada Likely to Lead U.S. Fed in Rate Cuts
- The Bank of Canada is likely to move ahead of the U.S. Federal Reserve on its first rate cut, as tepid economic growth and cooling inflation are priming up conditions to ease borrowing rates sooner, economists and analysts said.
- Canada may also need deeper cuts in the current cycle, since the economy is much more sensitive to interest rates due to its household debt, which as a percentage of net disposable income is the highest among G7 countries.
- Canada is expected to cut more aggressively over a longer time frame than its neighbor.
- Bank of Canada Governor Tiff Macklem has said that despite two back-to-back soft inflation prints, underlying price pressures in the economy still persisted and it was still too early to consider a cut.
Biden on high inflation: Blame the grocery stores: The president called “on corporations including grocery retailers to use record profits to reduce prices”
qz.com/joe-biden-inflation-grocery-retailers-prices-cpi-1851399831
As the Bank of Canada resists rate cuts, is it falling behind the curve again?: The Bank of Canada once again held its policy rate at 5 per cent in Wednesday’s ...
theglobeandmail.com/business/commentary/article-as-the-bank-of-canada-resists-rate-cuts-is-it-falling-behind-the-curve/
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BoC holds key interest rate at 5%, signals that it’s inching closer to rate cuts: Economists were widely expecting the central bank to hold its policy rate ...
montrealgazette.com/news/national/boc-holds-key-interest-rate-at-5-signals-that-its-inching-closer-to-rate-cuts
Credibility Problem Keeps Bank of Canada Cautious on Rate Cuts: The Bank of Canada is making progress in its battle against inflation, but Governor Tiff Macklem ...
bloomberg.com/news/articles/2024-04-08/credibility-problem-keeps-bank-of-canada-cautious-on-rate-cuts
Paid articlePaid What To Expect From Next Week's Bank of Canada Rate Decision: Robert Both, Senior Macro Strategist with TD Securities, speaks with MoneyTalk’s Greg Bonnell about ...
seekingalpha.com/article/4682318-what-to-expect-from-next-weeks-bank-of-canada-rate-decision
Paid articlePaid Restaurant prices are still rising. Here’s how to afford dining out - National | Globalnews.ca
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Canada 'appears likely to skirt a recession,' begin recovering in second half of 2024: report
montrealgazette.com/news/national/canada-appears-likely-to-skirt-a-recession-begin-recovering-in-second-half-of-2024-report
Paid articlePaid Bank of Canada expects to cut rates this year, governing council split on timing: The Bank of Canada expects it will be able to cut interest rates sometime this ...
ctvnews.ca/business/bank-of-canada-expects-to-cut-rates-this-year-governing-council-split-on-timing-1.6815246
Bank of Canada’s Rogers Flags Weak Productivity ‘Emergency’: The Bank of Canada’s no. 2 official says fixing the country’s faltering productivity would allow for ...
bloomberg.com/news/articles/2024-03-26/bank-of-canada-s-rogers-calls-weak-productivity-an-emergency
Paid articlePaid Inflation drop is ‘very encouraging’ but ‘it’s one number’: BoC official - National | Globalnews.ca
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Canada’s Economy to Slow With New Limits on Temporary Migrants: Canada’s planned reduction in temporary residents is set to add downward pressure to inflation ...
bloomberg.com/news/articles/2024-03-22/temporary-resident-limits-are-poised-to-slow-canada-s-economy
Paid articlePaid Canada Inflation Unexpectedly Cools to 2.8% in February: Consumer prices rose 2.8% in February from a year earlier, Statistics Canada reported ...
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Canadian inflation rate unexpectedly eases to 2.8% in February: Canada's annual inflation rate in February unexpectedly cooled to 2.8%, its slowest pace since ...
reuters.com/markets/canadas-inflation-rate-unexpectedly-eases-28-february-2024-03-19/
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
Most Canadians Want Trudeau Government to Spend Less, Poll Says: A majority of Canadians want Prime Minister Justin Trudeau to reduce government spending ...
bloomberg.com/news/articles/2024-03-12/most-canadians-want-trudeau-government-to-spend-less-poll-says
Canadian dollar arrests recent decline ahead of key CPI data: The Canadian dollar was little changed against its U.S. counterpart on Monday ...
reuters.com/markets/currencies/canadian-dollar-arrests-recent-decline-ahead-key-cpi-data-2024-03-18/
S&P/TSX composite creeps higher after inflation report, U.S. stock markets rise | Globalnews.ca
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Statistics Canada set to release inflation report for February - National | Globalnews.ca
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Canadian dollar hits five-day low on U.S. inflation data: The Canadian dollar edged lower against its U.S. counterpart on Tuesday as investors weighed prospects ...
reuters.com/markets/currencies/canadian-dollar-hits-five-day-low-us-inflation-data-2024-03-12/
Rate cuts could be in the cards for 2024, but BoC sees housing market as a risk - National | Globalnews.ca
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Energy, tech shares weigh on TSX ahead of US inflation data: Canada's main stock index came off its 2-year highs on Monday, pulled down by energy and technology ...
reuters.com/markets/tsx-eyes-downbeat-start-with-us-inflation-data-tap-2024-03-11/
S&P/TSX composite index posts gain Tuesday, U.S. markets rise after inflation report | Globalnews.ca
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Canada to present federal budget on April 16, finance ministry says: Canada's Finance Ministry said on Monday it would present its 2024-25 federal budget to ...
reut.rs/3T65kSS
Canada CPI February 2024: Inflation Slows, Core Measure Also Eased: Canadian inflation unexpectedly eased in February, building a case for the Bank of Canada to ...
bloomberg.com/news/articles/2024-03-19/canada-inflation-slows-to-2-8-in-february-below-expectations
Want a low-cost economic initiative? Fix the immigration mess: The sudden surge in population has exacerbated the housing shortage, a structural problem that is ...
theglobeandmail.com/politics/opinion/article-want-a-low-cost-economic-initiative-fix-the-immigration-mess/
Paid articlePaid Core Inflation Metrics Give Bank of Canada Room to Talk Cuts: Key measures for underlying price pressures that the Bank of Canada is watching show broad ...
bloomberg.com/news/articles/2024-03-19/core-inflation-metrics-give-bank-of-canada-room-to-talk-cuts
Big interest rate cuts this year? Ain’t gonna happen: Regardless of its intentions, the Bank of Canada will struggle to bring interest rates down by very much ...
theglobeandmail.com/business/commentary/article-big-interest-rate-cuts-this-year-aint-gonna-happen/
Paid articlePaid Bank of Canada keeps rates on hold, rules out a calendar for cuts: The Bank of Canada (BoC) kept its key overnight rate steady at 5% on Wednesday as expected but ...
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Canada's annual consumer inflation slows to 2.8% in February from 2.9% in January
yenisafak.com/en/news/canadas-annual-consumer-inflation-slows-to-28-in-february-from-29-in-january-3679657
Paid articlePaid Creditors Take Over Keter From BC Partners and PSP in Debt Deal: The creditor takeover of Keter shows how things can go wrong for sponsors in the era of high ...
bloomberg.com/news/newsletters/2024-03-09/creditors-take-over-keter-from-bc-partners-and-psp-in-debt-deal
PBO expects inflation to fall to 2% by end of year, deficit to grow amid weak economy
ctvnews.ca/canada/pbo-expects-inflation-to-fall-to-2-by-end-of-year-deficit-to-grow-amid-weak-economy-1.6795133
Real-Return Bonds Reap Gains for Ontario Health-Care Pension: Canadian inflation-protected securities known as real-return bonds are reaping gains for one of the ...
bloomberg.com/news/articles/2024-03-13/real-return-bonds-reap-gains-for-ontario-health-care-pension
Paid articlePaid Say hi to the new weak, stagnant economy. It’ll be here for a while: While the economy has managed to post meagre growth, it was largely because of the relative ...
theglobeandmail.com/business/commentary/article-say-hi-to-the-new-weak-stagnant-economy-itll-be-here-for-a-while/
Paid articlePaid Politicians want more competition, but supply management still a 'sacred cow': When it comes to the supply management system for egg, poultry and dairy products ...
montrealgazette.com/news/national/politicians-want-more-competition-but-supply-management-still-a-sacred-cow
2 years in, has the Bank of Canada’s historic rate hike campaign done the job? - National | Globalnews.ca
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2024 is the year of the rate cut pivot — here's when the world's central banks will budge
cnbc.com/2024/03/13/when-are-the-worlds-central-banks-cutting-rates-in-2024.html
Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy
ctvnews.ca/business/bank-of-canada-expected-to-hold-interest-rates-this-week-as-grey-cloud-hangs-over-economy-1.6793251
Ottawa will meet its fiscal targets, Freeland says ahead of 2024 budget: Ms. Freeland says the government will meet the guidelines for debt and deficits set out ...
theglobeandmail.com/politics/article-ottawa-will-meet-its-fiscal-targets-freeland-says-ahead-of-2024-budget/
Paid articlePaid Canada's annual inflation rate slowed significantly more than expected to 2.9% in January and core price measures also eased ...
reut.rs/3SKHufl
Just For Laughs Comedy Festival Cancels 2024 Edition And Lays Off Staff After Filing For Bankruptcy; Pandemic And Inflation Blamed
deadline.com/2024/03/just-for-laughs-comedy-festival-cancels-2024-edition-bankruptcy-1235846360/
Bank of Canada to Hold as Downside Risks Fade: Decision Guide: The Bank of Canada is likely to hold interest rates steady for a fifth straight meeting ...
bloomberg.com/news/articles/2024-03-05/bank-of-canada-to-hold-as-downside-risks-fade-decision-guide
Paid articlePaid Trudeau Hopes Bank of Canada Rate Cuts Will Come ‘Sooner’: Prime Minister Justin Trudeau said he’s hopeful the Bank of Canada will soon start easing monetary ...
bloomberg.com/news/articles/2024-02-20/trudeau-hopes-bank-of-canada-rate-cuts-will-come-sooner
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Homes, not holdings: The case for banning corporate investment in Canadian housing
theglobeandmail.com/business/commentary/article-homes-not-holdings-the-case-for-banning-corporate-investment-in/
Paid articlePaid Politics Briefing: Trudeau ‘optimistic’ that interest rates will drop this year: At Vancouver housing announcement, B.C. Premier speaks of devastating impact of ...
theglobeandmail.com/politics/article-politics-briefing-trudeau-optimistic-that-interest-rates-will-drop/
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