The World Bank sharply cut its global economic growth forecast. It now projects the global economy to expand by 2.3% in 2025, down from an earlier forecast of 2.7%. This would mark the slowest rate of ...

Canada’s unemployment rate has climbed to 7% from 6.2% a year ago, and up 210 basis points from 4.9% in June 2022 (chart below via The DailyShot). Excluding the pandemic, this is the highest ...

Prices are still falling with the benchmark (typical) new single-family home, down 5.4% to $1.53 million in April, and condos ...

Slowly, then all at once…job losses ‘unexpectedly’ leaping across many sectors. @sentimentrader @DeanChristians Pundits have gone full-bull...traders are talking FOMO, money-flow, momentum, buybacks, ...

The idea that re-shoring manufacturing will increase good-paying jobs in North America faces some challenges from growing automation. Corporations focus on maintaining and increasing profit margins, ...

Yesterday, the Bank of Canada (BoC) held its overnight rate target at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. They did not ease monetary conditions while noting that domestic ...

A recent Royal LePage survey reveals that 57% of Canadian homeowners with mortgages set to renew in 2025 anticipate an increase in their monthly payments. Among these individuals, 81% expect this rise ...

On one hand, the US economy is showing signs of slowing, with a negative growth for Q1 GDP, and mounting evidence that many corporations and consumer households are feeling the pinch of higher ...

As I feared, DOGE has drastically undershot its targeted spending cuts. It’s hard to reduce overhead without the political will to reduce corporate subsidies and reform entitlement programs in a ...