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Web6 hours ago · (Bloomberg) -- US bank lending rose for the first time in three weeks and deposits increased, suggesting credit conditions are stabilizing after a string of bank failures last month. Commercial bank lending increased $10.2 billion in the week ended April 5, according to seasonally adjusted data from the Federal Reserve out Friday. WebApr 12, 2024 · Employment data remained firm as well, with job gains averaging nearly 70,000 per month in Q1, twice the average pace seen in 2024. Canada’s unemployment rate hasn’t budged from a near-record low of 5%, and year-over-year wage growth above 5% remains too strong for the BoC’s comfort. fnb serowe contacts
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