EU readying ‘countermeasures’ if tariffs deal with U.S. crumbles
Retaliatory measures could take effect July 14
- By: Sam Mcneil, The Associated Press
- June 2, 2025 June 2, 2025
- 10:00
Retaliatory measures could take effect July 14
The central bank is expected to hold rates on Wednesday, but some economists say there are "psychological" reasons for a cut
Plus, CIBC and Bloomberg implement AI
FCA endorses move to T+2 for funds that currently settle at T+3 or T+4
SRO aims to ease compliance, adjust limit to inflation
Insurance association is using tools created by Paris-based Shift Technologies
However, economists say the underlying data 'wasn’t as impressive as it looked'
The reconstitution will take effect after the closing bell on June 27
That compares with $50.9B deficit in the same period of 2023-2024
CEO reports progress one year after posting a $117.5M quarterly net loss
Consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in March
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