Economy Financial News

TD Bank economists don’t envy the job facing the Bank of Canada, calling it “one of the toughest … within the financial industry this year” as the central bank faces pressure to correctly time the first interest rate cut since its historic hiking cycle peaked in July.

As we all know, the Canadian grocery business is a giant national price-gouging cabal of oligopolistic profiteers that rips off consumers and drives food inflation to levels that are causing great pain throughout the economy.

Canadians appear to be riding a wave of optimism about the national economy and their personal financial prospects, according to latest results of an ongoing survey tracking households’ views.

Wells Fargo Advisors SVP Mark Smith and Osaic chief market strategist Phil Blancato analyze December inflation data and discuss how investors should play the bond market on 'Making Money.'

Kerala Government has proposed to come out with a comprehensive policy on AVGC-XR (Animation, Visual Effects, Gaming and Comics and Extended Reality), a cutting-edge technology domain with immense potential for the state to emerge as a knowledge-based economy. The draft AVGC-XR policy will be put out in the public domain to elicit views and suggestions from the public, including experts, professionals and investors, before it is finalised, the Kerala Startup Mission said in a statement on Friday.

PLI) schemes for all the 14 sectors, an official said. The meeting assumes significance as the government has disbursed Rs 2,900 crore till March 2023 under the scheme.

GDP growth in the range of 6.9-7.2 per cent in the current financial year on the back of improving economic fundamentals, Deloitte India said in an update to its quarterly outlook. As per the first advance estimates of national income released by the National Statistical Office (NSO), the Indian economy is estimated to grow by 7.3 per cent in the 2023-24 fiscal, against 7.2 per cent a year ago, mainly due to a good show by mining & quarrying, manufacturing and certain segments of services sectors.

BEIJING (Reuters) — China's housing ministry and financial regulator asked local governments to better coordinate with financial institutions to provide financing support to real estate projects, as policymakers work to revive the sluggish housing market.

With India expected to have one of the youngest populations across major economies in the world till at least 2030, it is important to secure the financial and social security of the country’s youth in order to capitalise on this demographic dividend. Towards this end, it is critical that they develop the requisite financial skills that can nurture good financial practices and begin their wealth creation journey as soon as they gain formal employment. 

By Emma-Victoria Farr

Former Reagan economist Art Laffer discusses inflation, recession concerns and the impact of the election on the economy.

Shaktikanta Das: At the moment, the Indian banking sector remains resilient and robust, even if you look at the unsecured consumer loans and some segments of personal loans. The numbers that we have before us are not particularly alarming.

premium goods will outperform broad-based competitors as the country’s affluent class is expected to nearly double to 100 million people within three years, according to Goldman Sachs Group Inc. Strong economic growth, stable monetary policy and high credit growth has increased the purchasing power of top earning Indians over the past decade. This has resulted in the number of affluent Indians earning above $10,000 per annum from 24 million consumers in 2015 to 60 million, or 4.1% of the population currently, according to a Goldman report published on Friday. The world’s fifth-largest economy is tipped to become the third-biggest by 2027, according to the International Monetary Fund, with the country seeing rising spending power among its middle-class, benefiting firms with premium brands in leisure, jewelry, out-of-home food and healthcare, according to Goldman. “There has been a significant increase in the value of financial and physical assets in India in the past three years which is driving an increasing wealth,” according to the report.

Read more of our recent coverage of the Ukraine war The war has upended the lives of countless Ukrainians, as well as the country’s labour market. Some 4.8m people lost their jobs almost overnight when Russia attacked. Unemployment is estimated to have eased to 18.4% in October this year, from more than 30% in the spring of 2022, but remains well above pre-war levels.

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Narendra Modi on Friday described India's present-day youth as the most fortunate generation of the 21st century, poised to take the country to greater heights during "Amrit Kaal", and urged them to participate in the electoral process to «reduce» the influence of dynastic politics. Addressing a gathering after inaugurating the 27th National Youth Festival here, Modi said dynastic politics has caused immense harm to the country and urged the youth to get themselves enrolled as voters as soon as possible. «India is the mother of democracy.

APM Terminals has signed an agreement with Jawaharlal Nehru Port Authority (JNPA) to develop a new container terminal at the proposed Vadhavan Port project in Maharashtra. The mega project will be set up at an estimated cost of Rs 76,220 crore and have a capacity to handle annual cargo of 23 million twenty-foot equivalent unit (TEUs)/ 254 million tonne.

Godrej Consumer Products said in a stock exchange filing on Friday. Also Read: Currency headwinds to spoil Godrej Consumer Products' Dec quarter show As per IndAS 29, all amounts need to be restated into the measuring unit current at the end of the reporting period by applying a general price index. As the Argentinian economy is facing hyperinflationary pressures, accounting regulations require the YTD Statement of Profit and Loss to be translated at the closing rate for presentation in Consolidated Financial Statements, it added.

equities are expected to see a lot of volatility. So most equity investors remain anxious about its impact on their investment.

Investing.com — European stock markets climbed higher Friday, boosted by U.K. economic growth as investors await more U.S. inflation data and big bank earnings.