Early indicators point to weakness in business confidence, housing market
All G7 countries are now at, or above, pre-pandemic output levels
The economic contraction meets one informal sign of recession
A strong labour market, excess savings and pent-up demand will shield many households
Ontario municipal workers’ pension fund had 6% net investment gain for year ending June 30
Mortgage growth slows as housing markets cool
Immigration and smaller households should boost demand and prevent a market spiral, a report says
However, food prices at grocery stores rose at the fastest pace since August 1981
Much of the cooldown has been attributed to rising interest rates
Reduced congestion, slowing demand, rising inventories signal price pressure may ease, Fitch Ratings says