Economy

Fed wants more evidence of cooling before it cuts rates Fed wants more evidence of cooling before it cuts rates

Policy

Fed wants more evidence of cooling before it cuts rates

Minutes of most recent meeting show that policymakers are in no rush to reduce borrowing costs

By Christopher Rugaber, The Associated Press |July 3, 2024

3 min read

Merchandise trade deficit widened to $1.9B in May: StatsCan Merchandise trade deficit widened to $1.9B in May: StatsCan

Economic Indicators

Merchandise trade deficit widened to $1.9B in May: StatsCan

Exports dampened by lower energy prices and volatility in gold shipments

By The Canadian Press |July 3, 2024

2 min read

More rental housing needed despite uptick: RBC economist More rental housing needed despite uptick: RBC economist

Economic Indicators

More rental housing needed despite uptick: RBC economist

Rental housing increasingly popular due to demographic shifts and the unaffordability of home ownership

By Rosa Saba, The Canadian Press |July 3, 2024

3 min read

U.S. inflation is slowing, though it isn’t time to cut rates: Powell U.S. inflation is slowing, though it isn’t time to cut rates: Powell

Policy

U.S. inflation is slowing, though it isn’t time to cut rates: Powell

Powell said the U.S. economy and job market remain fundamentally healthy

By Christopher Rugaber, The Associated Press |July 2, 2024

2 min read