U.S. manufacturers say inflation is bad and not getting any better

By Erik Hertzberg and Dana Morgan (Bloomberg) — Economists are boosting their forecasts for Canada inflation, now saying price pressures won’t return to the central bank’s 2% target until the third quarter of next year. Analysts see the consumer price index averaging 3% over the next six months, according to the median forecast in a…

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More than a third – 36% – of consumers seek mortgage advice from unregulated sources such as social media, artificial intelligence (AI) tools, family and friends, according to research from Zable. Zable said it raised concerns about the quality of information influencing high-value property decisions. The survey of 2,001 UK credit card holders found…

Key takeaway: Banking trade groups are urging the Securities and Exchange Commission not to change Form S-3 eligibility rules, arguing that the proposed restrictions would disproportionately harm banks versus other publicly reporting companies. Expert quote: “The proposed expansion and escalation of the consequences associated with ‘ineligible issuer’ status would introduce a significantly more severe restriction…

With mortgage rates sidelining homebuyers, major banks are looking for ways to spark activity.  Processing Content “A 7% mortgage rate sounds profitable for banks until you look at everything happening around it,” said Jeffrey Edwards, founder and CEO of FFERM Technologies. “Banks are facing fewer originations, expensive deposits, low-yielding assets that remain on their books…