Economy – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Fri, 29 Sep 2023 16:47:34 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Economy – Advisor's Edge https://phoenix.advisor.ca 32 32 Inflation drops to a two-year low in Europe https://phoenix.advisor.ca/news/economic/inflation-drops-to-a-two-year-low-in-europe/ Fri, 29 Sep 2023 16:47:34 +0000 https://www.advisor.ca/?p=231327 Annual rate pegged at 4.3% this month, a drop from 5.2% in August

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]]> Interest rates will stay high ‘as long as necessary,’ ECB leader says https://phoenix.advisor.ca/news/economic/interest-rates-will-stay-high-as-long-as-necessary-ecb-leader-says/ Mon, 25 Sep 2023 17:50:20 +0000 https://www.advisor.ca/?p=231097 The ECB this month raised its benchmark deposit rate to an all-time high of 4%

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]]> Canadians report financial security concerns as inflation hammers savings https://phoenix.advisor.ca/news/economic/canadians-report-financial-security-concerns-as-inflation-hammers-savings/ Wed, 20 Sep 2023 15:41:29 +0000 https://www.advisor.ca/?p=230944 RBC 2023 Financial Flexibility Poll finds that 77% of survey respondents say they would like to save more but can't

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]]> Chinese officials express faith in economy, keep interest rates steady https://phoenix.advisor.ca/news/economic/chinese-officials-express-faith-in-economy-keep-interest-rates-steady/ Wed, 20 Sep 2023 15:08:05 +0000 https://www.advisor.ca/?p=230940 Upbeat tone contrasts with fears that China’s economic concerns could dent global and regional growth

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]]> Europe’s central bank hikes interest rates again even as threat of recession grows https://phoenix.advisor.ca/news/economic/europes-central-bank-hikes-interest-rates-again-even-as-threat-of-recession-grows/ Thu, 14 Sep 2023 15:30:31 +0000 https://www.advisor.ca/?p=230754 Decision raises benchmark deposit rate to 4%, highest since the euro was established in 1999

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]]> Fitch cuts forecasts for Canada, global economy https://phoenix.advisor.ca/news/economic/fitch-cuts-forecasts-for-canada-global-economy/ Wed, 13 Sep 2023 17:42:40 +0000 https://www.advisor.ca/?p=230723 Weakness in China, tighter financial conditions weighing on outlook

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]]> U.K. economy shrinks in July amid bad weather and doctors’ strikes https://phoenix.advisor.ca/news/economic/u-k-economy-shrinks-in-july-amid-bad-weather-and-doctors-strikes/ Wed, 13 Sep 2023 16:43:11 +0000 https://www.advisor.ca/?p=230721 Growth is expected to stay tepid

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]]> High gas prices push up inflation, but prices overall are slowly moving in the right direction https://phoenix.advisor.ca/news/economic/high-gas-prices-push-up-inflation-but-prices-overall-are-slowly-moving-in-the-right-direction/ Wed, 13 Sep 2023 16:25:34 +0000 https://www.advisor.ca/?p=230717 Decline in the core measure points to inflation coming under control

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]]> U.S. equities boost Canada’s foreign assets: StatsCan https://phoenix.advisor.ca/news/economic/u-s-equities-boost-canadas-foreign-assets-statscan/ Tue, 12 Sep 2023 17:41:27 +0000 https://www.advisor.ca/?p=230684 Market gains tempered by rising Canadian dollar in Q2

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]]> Emerging market forecasts higher, for now https://phoenix.advisor.ca/news/economic/emerging-market-forecasts-higher-for-now/ Mon, 11 Sep 2023 17:23:05 +0000 https://www.advisor.ca/?p=230624 Moody's boosts 2023 outlook, sees slowing in 2024

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