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Financial Markets Monthly

Under Pressure – softening outlook keeping central banks at bay

November 9, 2023

Elevated policy rates and tight financial condition continue to slow consumer spending in Canada, the euro area and the UK

Taking the long way home

October 11, 2023

Central banks are on pause as surging term bond yields tighten financial conditions further. Canadian population growth is complicating interpretation of macroeconomic data, but there are signs of softening under the surface.

Letting it be - central banks hold the line as more clouds roll in

September 13, 2023

The global economic backdrop is darkening as growth slows in China while elevated interest rates weigh on Canada

Central banks hit "hopeful pause" on rate hikes

August 9, 2023

Robust economic data seemed to bring sunnier days in July. For the most part, global equity indices inched higher as recession fears eased.

Interest rates to stay higher for longer

July 12, 2023

Resilient economic growth and sticky inflation are pressuring central banks to push interest rates higher, even as headwinds from higher prices and debt payments build.

Triangulating terminal: take two

June 8, 2023

Risk appetite is picking up after down-to-the-wire negotiations punted the U.S. debt ceiling issue into 2025.

Crunch time

May 10, 2023

Banks are tightening credit standards amid financial sector turmoil. The lending slowdown will weight on U.S. and euro area GDP.

The waiting is the hardest part

April 12, 2023

Banking sector turmoil caused significant bond market volatility in March, particularly at the front end of the curve

New legs, or familiar lags?

March 10, 2023

After a year of aggressive interest rate hikes, major economies continue to show signs of resilience and in some cases acceleration in early-2023.

Know when to hold ’em

February 9, 2023

With inflation slowing but labour markets proving resilient, hopes for a soft landing are growing.

Triangulating terminal

January 10, 2023

Labour markets holding up but will eventually soften as economies slip into recession

Past the peak

December 12, 2022

Inflation is slowly starting to retreat from multi-decade highs, helped by falling energy prices and in some cases government relief programs.