Economists, market watchers, businesses and everyday Canadians are all asking the same question lately as inflation and interest rates take a bite out of household finances: are we headed for a recession? A majority of business owners and consumers are saying yes, according to surveys released this week from the Bank of Canada that show […]

JPMorgan Chase & Co. said Friday that its fourth-quarter profit rose 6%, boosted by interest rates that sent its core lending income to a record high. Source link

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While the consensus may be that the U.S. is in a recession or likely to enter one in 2023, one Wall Street firm is pumping the brakes on this call for the new year. What Happened: Recession has become a word used more and more by financial experts and company CEOs during this period of high inflation. […]

Markets U.S. Markets Some investors have grown skeptical that stocks can stage an end-of-year rally Source link

Orders for aircraft are booming, but plane makers are struggling to deliver them quickly. It could be a problem if a weakening economy ends up denting appetite for travel. Source link

As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought but also the bond market’s clearest signal yet that recession and lower inflation lie ahead. Canada’s central bank says that the economy needs to slow from overheated levels in order to ease […]

Markets Streetwise They might be wrong again, but investors need a lot to go right Source link

In the event of a potential recession in Canada, some financial planning experts say the key to job security is becoming indispensable in the workplace and to have an emergency fund on the side at a time when “the economy is changing.” “A lot of tech companies have done major layoffs and I think that’s […]

Markets Heard on the Street The British central bank’s forecasts suggest interest rates need to increase by less than investors believe, but the final difference is unlikely to be large Source link