The Canadian economy is headed for a rough patch. Growth has already slowed considerably. Job growth has moderated. Inflation remains stubbornly high. But the pain households are feeling today is only going to get worse."The path forward looks bleak," Tiago Figueiredo, a macro strategy associate with Desjardins, said in a note.For a while there, the economy proved more resilient than expected. The Bank of Canada's interest rate hikes piled up one after another.
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Stocks slump, struggle to shake off Fed rate worries: Stock market news todayWall Street stocks struggled to advance on Monday, as the Federal Reserve's 'higher for longer' interest rate strategy continued to pile on pressure as a US government shutdown loomed.
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Energy stocks help lift S&P/TSX composite, U.S. stock markets mixedTORONTO — Strength in energy stocks helped Canada's main stock index move higher in late-morning trading, while U.S. stock markets were mixed to start the trading week. The S&P/TSX composite index was up 30.53 points at 19,810.50.
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