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Highlights. The pace of the global economic recovery remained relatively strong in Q2, growing at an annualized rate of 5.6% quarter-over-quarter. However, some global growth forecasts have been revised down for 2021 due to the continued spread of the Delta variant.
Oct 27, 2021 · This article provides an integrated analysis of recent changes in output, consumer spending, business investment, international trade and employment. It also draws on new data sources that provide detailed information on the financial conditions facing businesses and households.
Aug 31, 2021 · Led by professional and personal services, construction, trade, and health and mining industries, compensation of employees rose 1.4%, reflecting heightened activity as lockdowns eased. Quebec (+2.8%), Alberta (+2.8%), and British Columbia (+1.5%) led the national wage increases in the second quarter.
Key drivers affecting farm land values in Canada include farm cash receipts and interest rates and agriculture industry performance, which is impacted by commodity prices, growing season conditions, and macro-economic factors. Farm cash receipts grew 15.5% year-over-year from Q1 2020 to Q1 2021.
Q2 2021 vs. Q1 2021 PCL on loans of $(83) million decreased $204 million from last quarter, primarily due to lower provisions in Personal & Commercial Banking and Capital Markets, partially offset by higher recoveries in Wealth Management in the prior quarter.
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Q2/2021 U.S. earnings were up significantly YoY, largely due to lower PCL as the prior year reflected elevated provisions from the impact of the onset of the COVID-19 pandemic
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The global economy ended 2021 on an up-note, posting solid growth of 5.8%, as we head into the uncertainty of 2022. Inventory restocking was the main driver of growth in many major economies in the fourth quarter as firms looked to rebuild inventories.
