The German economy, historically known as the powerhouse of Europe, is currently facing significant challenges. Its heavy reliance on Russian energy and trade with China needs to be reduced, and new sources of growth must be identified. This will require substantial investment and time. Consequently, Germany’s stock market has fallen behind the U.S., with a …
According to a new survey from Deloitte Canada, fears of a recession and pressure from inflation are leading Canadians to tighten their purse strings this holiday season. The survey reveals that the average amount Canadians plan to spend on holiday expenses has reached a five-year low of $1,347, a decrease of 11% from last year’s …
A global bond market selloff has significant implications for Canadian households and investors. Financial markets are readjusting their long-term expectations for interest rates, and this has led to a surge in bond markets around the world. Yields on the benchmark 10-year U.S. Treasury bond have hit a 16-year high, while the S&P 500 has reached …
Wall Street is expressing concerns about the US economic outlook, as private payroll data fell short of expectations and red flags are emerging in the US Treasury bond market. Eric Beiley, Steward Partners, Part 1 According to the latest ADP report, private payrolls only increased by 89,000 jobs in September. This figure is significantly lower …
As the summer brought positive economic indicators such as lower inflation rates, higher jobs rates, and increased consumer spending, Bloomberg Economics cautions that a recession is likely on the horizon.According to Bloomberg, factors such as the ongoing autoworkers strike, the return of student loan repayments, and the threat of a government shutdown after the expiration …
By Staff The Canadian Press Posted September 29, 2023 7:25 am Decrease article font size Increase article font size Statistics Canada will release its figures for the start of the third quarter today, providing insights into the economy. The agency will report real gross domestic product numbers for July. Earlier estimates for July suggested that …
Protecting Your Money During a Recession: Essential Tips Pay off Debt and Accumulate Cash In any economic cycle, there are phases of growth and decline. During a recession, it is crucial to focus on reducing high-interest debts, such as credit card debt. Start by tackling debts with the highest interest rates first and then move …
Photo: Evelyn Hockstein (Reuters) According to officials at the US Federal Reserve, the rate of average annual inflation is projected to reach 2% by 2026. This comes as the central bank’s monetary policy committee decided to leave interest rates unchanged in September. Quartz Smart Investing with Cameron Dawson, Part 2 Furthermore, the officials updated their …
China’s economy is facing significant challenges, particularly in its real estate sector. This sector constitutes a substantial portion of the country’s gross domestic product (GDP), but an oversupply of housing and increasing mortgage debt have created a crisis. Chinese consumers took on this debt with the expectation that the real estate sector would continue to …
Recent polls indicate that Americans are becoming more optimistic about the US economy, as reported by the Wall Street Journal. This positive sentiment extends to Treasury Secretary Janet Yellen, who expressed confidence in the nation’s ability to prevent a recession while keeping inflation under control in an interview with Bloomberg. Yellen stated, “I think …