An early signal of U.S. household stress: auto loans
Auto loan delinquencies on the rise, as the economic outlook dims
- By: James Langton
- April 29, 2025 April 29, 2025
- 16:18
Auto loan delinquencies on the rise, as the economic outlook dims
Regulator requests monetary penalties, disgorgement, costs and market bans
Latest ECB survey finds consumers anticipating faster price rises
Recession worries grow and Americans pull back on spending
Dual duties on metals and vehicles may be lifted for some manufacturers
The Liberals' election platform pledged nearly $130B in new spending initiatives
Exec failed to disclose dealings, dealer ignored red flags, SRO alleged
The Canadian dollar rose slightly relative to its U.S. counterpart in overnight trading, hitting a 2025 high
However, the experiment found that the influence couldn't be completely eliminated
The agency still intends to provide arrears interest and penalty relief to eligible affected taxpayers
The Vancouver-based firm now has nearly $11B in AUA
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