Weak productivity, business investment contribute to sluggish economic performance
— Read on www.theglobeandmail.com/business/article-canada-economic-output-statistics/
Author: admin
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
OSFI limits banks’ mortgages to highly indebted borrowers | Financial Post
New mortgage rule imposed by Office of the Superintendent of Financial Institutions aims to reduce financial system vulnerability. Read more
— Read on financialpost.com/fp-finance/banking/osfi-limits-banks-mortgages-highly-indebted-borrowers
Fed’s Beige Book finds steady growth but little progress on inflation – MarketWatch
The U.S. economy grew slightly faster in the early spring and businesses added more workers, a Federal Reserve survey found, but there was little progress in…
— Read on www.marketwatch.com/story/feds-beige-book-finds-steady-economic-growth-but-little-progress-in-reducing-inflation-8cd1e19e
Why Is US Inflation Still High? Blame Powell Pivot, Housing Shortage – Bloomberg
This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those expectations have been dashed.
— Read on www.bloomberg.com/news/articles/2024-04-17/inflation-s-stubborn-start-to-2024-blamed-partly-on-powell-pivot
Fed’s Loretta Mester Expects Inflation to Fall Further – Bloomberg
Federal Reserve Bank of Cleveland President Loretta Mester said monetary policy is in a good place, adding that the central bank shouldn’t be in a hurry to cut interest rates.
— Read on www.bloomberg.com/news/articles/2024-04-17/mester-says-fed-can-hold-rates-steady-not-in-a-hurry-to-cut