Canada recorded $2.1B trade deficit in Q1
Foreign investors reduced exposure to Canadian securities by a record $9.4 billion in Q1
- By: Jonathan Got
- May 29, 2025 May 29, 2025
- 11:29
Foreign investors reduced exposure to Canadian securities by a record $9.4 billion in Q1
Canadian commercial banking and wealth management segment posted a net income of $549M
Revenue rose to $15.7 billion as profit and loan loss provisions increased
Officials call for urgent provincial action to address crisis and climate risks
U.S. labour market remains strong with steady job growth and low unemployment
Imports surge ahead of Trump tariffs, dragging GDP into first decline in three years
The government says it will appeal the order, which blocks tariffs imposed using the International Economic Emergency Powers Act
OSC sought receiver citing "serious concerns" about possible violations
Tariffs complicate interest rate decisions, despite Trump's push for lower borrowing costs
PBO estimated in April 2021 basic income could cut poverty by 49%
Broker failed to meet gatekeeper obligations, missed red flags, when trading penny stocks for U.K. firm
Common law spouse successful in rebutting presumption of trust, court finds
Regulators ask tech platforms to outlaw unauthorized promotions
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