Source: Can the Bank of Canada cut rates before the U.S.? What Macklem, economists say
There’s a limit to how much interest rates in Canada and U.S. can diverge: Macklem – BNN Bloomberg
GDP per capita in Canada hits lows of a recession | Financial Post
Falling GDP per capita has economists calling for the Bank of Canada to start cutting rates soon before too much damage is done. Read more.
— Read on financialpost.com/news/economy/gdp-per-capita-record-drop-outside-recession
Bank of Canada says two per cent inflation target necessary | Financial Post
Senators question whether Bank of Canada should just raise inflation target to give Canadians relief on high mortgage rates. Read more
— Read on financialpost.com/news/macklem-defends-bank-of-canada-inflation-target
Canada’s per capita output drops 7% below trend, new Statscan report says – The Globe and Mail
Weak productivity, business investment contribute to sluggish economic performance
— Read on www.theglobeandmail.com/business/article-canada-economic-output-statistics/
Bank of Canada says any rate cuts would probably be gradual | Reuters
By Promit Mukherjee and David Ljunggren
— Read on www.reuters.com/world/americas/bank-canada-says-any-rate-cuts-would-probably-be-gradual-2024-04-24/
Visualizing AI Patents by Country
This visualization shows which countries have been granted the most AI patents each year, from 2012 to 2022.
— Read on www.visualcapitalist.com/visualizing-ai-patents-by-country/
Trudeau’s response to Ottawa hate rally too little, too late | National Post
The prime minister is directly responsible for the anarchy on our streets
— Read on nationalpost.com/opinion/trudeaus-response-to-ottawa-hate-rally-too-little-too-late
U.S. Debt Interest Payments Reach $1 Trillion
U.S. debt interest payments have surged past the $1 trillion dollar mark, amid high interest rates and an ever-expanding debt burden.
— Read on www.visualcapitalist.com/u-s-debt-interest-payments-reach-1-trillion/
Mortgage payment shock far from over, warn economists | Financial Post
Mortgage payment shock could stretch into 2027 and drag Canada’s economy into recession, says Oxford Economics. Find out more
— Read on financialpost.com/news/mortgage-payment-shock-far-from-over