Canada’s unemployment rate was steady at 6.1 per cent in April as employers collectively added some 90,000 jobs, primarily concentrated in part-time work.
— Read on globalnews.ca/news/10487369/canada-unemployment-april-2024/
Category: Headline News
The Latest Headline News from around the World.
What the changes to the Home Buyers’ Plan mean for prospective buyers
One expert says the changes to the Home Buyers’ Plan will be ‘marginal at best’ for first-time homebuyers.
— Read on ca.finance.yahoo.com/news/what-the-changes-to-the-home-buyers-plan-mean-for-prospective-buyers-141115909.html
The US Could Unlock $980 Billion in Homeowner Equity, Top Analyst Says
“As early as this summer, a proposed move could begin to unleash almost $1tn into consumers’ wallets. By the autumn, it could be on its way to $2tn.”
— Read on www.businessinsider.com/housing-market-mortgage-home-equity-stimulus-debt-outlook-freddie-mac-2024-5
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/