After a solid two-year run, the Canadian economy might be finally slowing down, growing at an annualized rate of 3.3% in the second quarter (and missing the 4% forecast).
Central bankers aren’t known for their wild exuberance, but even by their standards, the who’s-who of monetary policy struck a sombre tone at Jackson Hole over the weekend.
Driving the news: A chorus of the world’s top central bankers and economists warned that despite some recent hopeful signs, the economy is still not good.
Get ready for a future where your commute is even more crowded and the morning Tim’s line is even longer, because Canada is gearing up to welcome a whole lot more people.
As Canada’s consumer price index rises to 7.6% (compared with a year ago), shoppers are flocking to discount retailers… and investors are following closely behind.
There’s a new trend gaining traction online amongst hoards of disaffected workers: Quiet quitting. And no, it doesn’t mean silently walking out of the office one day, never to return.
It’s been a rough week for markets as we wait for a vibe check on the economy coming out of the Federal Reserve’s annual policy symposium, kicking off in Jackson Hole today.
Last month, Bank of Canada (BoC) Governor Tiff “T-Mack” Macklem pissed off quite a few people after telling business leaders to avoid adjusting wages to keep up with inflation.