The Bank of Canada Front-Loading Won’t Guarantee A Soft-Landing: RBC
RBC no longer sees a soft-landing as a possibility, and now expects a moderate recession will kick off as early as the end of this year.
Canadians Saw Their Net Worth Fall By Nearly $1 Trillion, Biggest Drop In History
Canadian households saw their net work drop by $1 trillion in Q2, the largest quarterly decline in history.
Canada’s Household Debt Ratio Is Climbing Once Again, Here’s Why It’s A Problem
Canadian household debt is climbing much faster than income, and that’s going to limit their ability to respond in a crisis.
This Week’s Top Stories: Canada’s Hard Landing, and The BoC Calls Real Estate Unsustainable
Top stories in Canadian real estate include a hard landing for the economy, and real estate’s unsustainable growth according to the BoC.
Bank of Canada and US Fed Interest Rate Forecast Gets An Upward Revision At BMO
BMO is hiking its interest rate forecast for Canada and the US by 25 basis points, on news of strong data and stubborn inflation.
Canadian Employment Fell As Young Adults Bear Most Job Losses While Seniors Gain
Canadian employment fell once again in July, falling for a third consecutive month. The unemployment rate also jumped, but remains low.
Inflation Is Still Rising, Real Estate Was Unsustainable: Bank of Canada
Canadian real estate was unsustainable and inflation is still rising, warned the Bank of Canada in a statement following rate hikes.
Bank of Canada’s Delayed Action Means A Hard Landing Is Most Likely: Oxford Econ
Oxford Economics now sees a moderate recession after the Bank of Canada now needs more aggressive rate hikes due to persistent inflation.
Canada’s Money Supply Is Decelerating At A Rate That Typically Precedes A Recession
Canada’s M1+, a narrow measure of its money supply, is seeing growth fall at a rate that almost always precedes a recession.
This Week’s Top Stories: Canadian Real Estate’s Bear Market Is Just Getting Started & Inflation Revisions
This week’s top stories include a “Big Six” bank warning Canada’s real estate correction is just getting started & big inflation revisions.
