Key inflation gauge rose last month while Americans cut back on spending
Core prices climbed 0.2% in May, more than economists expected
- By: Christopher Rugaber, The Associated Press
- June 27, 2025 June 27, 2025
- 10:04
Core prices climbed 0.2% in May, more than economists expected
On July 1, Quebec joins effort to streamline registration, cut regulatory burden
Statistics Canada expects a repeat in May
Regulators propose banning conflicted sales model before it gains traction
Regulator cites strength of Canada’s largest banks despite ongoing economic uncertainty
Ex-banker in Florida admitted to taking bribes to improperly open accounts
Court will rule on ability to repudiate lease, duty to mitigate damages
Proposals aim to harmonize approach to factoring ESG risks into supervisory stress testing
Payroll employment inched up 0.2%, while job vacancies fell 15.4%
RBC was ranked highest in customer satisfaction for fifth year in a row
EU and U.S. risk undercutting their positions with China without a united front, analysts say
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