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.
Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wake-Up CallBonds Fall, Dollar Jumps as Fed Messaging Digested: Markets WrapHollywood ScreenwriterAmazon has made an initial investment of $1.25 billion, according to Reuters, in the generative AI startup, Anthropic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks 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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street opens lower, adding to September's lossesNEW YORK (AP) — More losses for stocks have September on track to be the worst month of the year for Wall Street. The S&P 500 was 0.4% lower early Monday, coming off its worst week in six months.
Source: SooToday - 🏆 8. / 85 Read more »
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. In New York, the Dow Jones industrial average was down 18.23 points at 33,945.61. The S&P 500 index was up 9.00 points at 4,329.06, while the Nasdaq composite was up 40.50 points at 13,252.31. The Canadian dollar traded for 74.24 cents US compared with 74.27 cents US o
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
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.
Source: SooToday - 🏆 8. / 85 Read more »