U.S. Highlights The Federal Reserve Senior Loan Officer Opinion Survey showed that most banks tightened lending standards further in the first quarter, with demand for loans falling in concert. Growth in U.S. consumer credit slowed materially in March as the upward trend in rates through the first quarter weighed on volumes. Federal Reserve officials reiterated their expectations that interest rates would need to remain higher for longer to ensure inflation returns sustainably to their 2% target. Canadian Highlights April’s jobs report defied expectations with the largest job gain in 15 months. Equally strong labour force growth left the unemployment rate steady. This supports our v
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