Canada’s economy heated up heading into 2025 — now comes Trump
Real GDP rose 2.6% on an annualized basis in Q4: StatCan
- By: Craig Lord, The Canadian Press
- February 28, 2025 February 28, 2025
- 09:09
Real GDP rose 2.6% on an annualized basis in Q4: StatCan
Agency issues opinion indicating that crypto novelties don't fall under securities law
Move allows more time to deal with operational, regulatory issues
Consumers and businesses hold off on big spending decisions ahead of expected U.S. tariffs
China leads global drop, Canada down too, defying rich country rise
Total labour demand increased in 2024, vacancy rate rises too
U.S. President Trump has at times contradicted himself about his own tariff plans
Canadian commercial banking and wealth management business earned $591 million
The bank's wealth management business earned $980 million, up from $664 million a year earlier
TD's wealth management and insurance business earned $680 million, up from $555 million a year earlier
President says U.S. will double the existing 10% tariffs on China
The labour market remains healthy with plentiful jobs and relatively few layoffs
The U.S. economy grew 2.8% in 2024, compared with 2.9% in 2023
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