Some key economic data are expected this week from both sides of the border that will show whether Central bank’s tightening efforts are having an impact on people’s spending we’ll get a look at Canada’s retail sales from June on Wednesday an advanced estimate from statscan suggests receipts for retailers will be flat after a
Revised 0.2 percent increase in May versus the previous month keeping in mind that the Bank of Canada raised interest rates in early June and again in July it will be interesting to see if people are still purchasing Big Ticket items like cars with both predicted to slow even more consumers may start
Raining in big spending in the U.S we’ll get existing home sales for July on Tuesday followed by new home sales on Wednesday existing home sales are forecast to decline by 0.3 percent in July after a 3.3 percent decrease in June which was a five-month low new home sales are
Expected to increase compared to a decline in June higher borrowing costs could be dampening momentum but lower inventory is also causing sales to rebound that’s a big reason why house prices haven’t been affected much by interest rate hikes welcome to advisor lookahead this is a
Weekly series where I get you up to date on investing and financial news and earnings two of the big five Canadian Banks kick off you through results this week with TD and RBC reporting on Thursday banks are a big indicator on the health of the economy so these
Results could show what to expect from the second half of the year TD had warned it wouldn’t reach its midterm earnings for share growth Target of seven to ten percent after the collapse of its acquisition of First Horizon still loans are expected to grow more modestly while interest income
Could show mixed results Canadian and U.S net interest margin is expected to expand in Q4 for RBC the benefit of higher interest rates which lead to Greater revenue is expected to slow while demand for loans both in Canada and the US is also expected to ease that accounts for 27
Percent of Revenue this could impact the bank’s ability to meet medium-term targets that’s advisor look ahead for this week for more news and information check out globeadvisor.ca
Some key economic data this week from both sides of the border will show whether central banks’ tightening efforts are having an impact on people’s spending. Canada’s retail sales from June is out on Wednesday and advanced estimate suggests it will be flat. U.S. existing home sales and new home sales for July are also out this week. TD and RBC will kick off Canadian big bank earnings on Thursday. Globe Advisor assistant editor Rajeshni Naidu-Ghelani outlines what to watch out for in investing and financial news in Advisor Lookahead.
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