Posted 3/5/2024, 4:40:18 PM
PBO Forecasts Inflation Drop Amid Rising Debt, Delinquencies; Bitcoin Peaks Then Retreats; Tech Stocks Drag Down Markets
- PBO predicts inflation falling to 2% by year-end, deficit growing due to weak economy
- Mortgage and credit card delinquencies rose in Q4 2022 in Ontario and British Columbia
- Bitcoin hit an all-time high price over $69,000 before retreating
- Drops for big tech stocks like Apple pulled Wall Street indexes lower
- Bank of Canada expected to hold interest rates this week despite weakening economic conditions
