RBC cuts undisclosed number of staff amid ‘growth strategy’
A spokesman said the changes are not related to the bank's $13.5-billion acquisition of HSBC's Canadian operations
- By: The Canadian Press
- March 10, 2025 March 10, 2025
- 12:06
A spokesman said the changes are not related to the bank's $13.5-billion acquisition of HSBC's Canadian operations
Two provinces issue alerts on the same company
Third-party service providers identified as top risk for the first time
Demand 'through the roof' for wealth offerings that align with Islamic principles
The government called for increased domestic demand and consumer spending amid worries about deflation
Majority of economists expect the central bank to deliver a 25-basis-point rate cut this week
U.S. President Donald Trump said he may hit Canadian lumber and dairy with "reciprocal" tariffs on Friday
Certification body cites quality, while CE providers warn of less choice and educational gaps for financial planners
Robert Bard becomes head of Cardinal Point's wealth management operations in Montreal, following acquisition of Dorchester
CRA continues to 'assess its financial position,' committed to 'high-quality service': spokesperson
Expectations of a rate cut by the Bank of Canada next week are mixed
The moves include industry-agnostic requirements for industrial companies and mining category updates
Move follows shareholder engagement by a coalition led by climate advocacy group
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