Federal Reserve likely to stand pat on rates this week
Chair Jerome Powell faces pressure from Trump as central bank balances rate cut calls
- By: Christopher Rugaber, The Associated Press
- July 29, 2025 July 29, 2025
- 10:23
Chair Jerome Powell faces pressure from Trump as central bank balances rate cut calls
Analysis by Washington non-profit shows key sectors are highly exposed to import taxes
Several provinces could see return to annual budget surpluses before 2030
Officials aim to extend 90-day tariff pause amid speculation over high-level talks later this year
U.S. trade deals struck so far are 'bad omens for Canada': trade lawyer
Family hid more than US$90M in income and assets in offshore accounts
Review found gaps in controls including data oversight and governance
Regulator alleged that ex-deputy CEO of French fund firm misled its investigation
Banks ready to weather headwinds from trade, geopolitical conflict
Deal to add over $40B in AUA to iA Wealth
U.S. wants Beijing to boost consumer spending and address excess production capacity
B.C. industry groups call move punitive, urge federal action
The agreement would effectively raise the tariff on EU goods to 17% from 1.2% last year: economist
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales