Inflation decelerated but people are spending less and saving more as prices keep rising and wage growth slows. It’s worrying news for the Fed and economy.
Canada’s yearly inflation rate rose to 1.9 percent in January, after slowing to 1.8 percent in December. January was the first full month of the GST holiday, which temporarily reduced prices on products typically subject to the tax.
In a research note, Jefferies analyst John Aiken said that both BMO and Scotiabank posted "solid results … buoyed by the one-two punch of solid credit performances and robust contribution from capital markets ... the impact of inflation and higher ...
Sprouts Farmers Market (NASDAQ:SFM – Free Report) had its price target upped by BMO Capital Markets from $140.00 to $180.00 in a research note released on Friday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.
It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company’s personal banking products and services include deposits, mortgages, home lending ...