Bank of England keeps key rate steady as it battles inflation
As many as three members voted for a 25 bps cut to the rate, now at 4.75%
- By: Pan Pylas, The Associated Press
- December 19, 2024 December 19, 2024
- 10:16
As many as three members voted for a 25 bps cut to the rate, now at 4.75%
GDP growth has topped 2% in eight of the last nine quarters
The S&P/TSX composite index fell 562.71 points
The Dow Jones Industrial Average dropped 2.6%
Report sets out recommendations for addressing risks posed by leverage build ups
Feds boost SR&ED, renew accelerated investment incentive
Following its third cut this year, Fed signals fewer reductions in 2025
ESMA consults on code of conduct to encourage issuer-sponsored research
IOSCO members launch group to support ISSB standards adoption
CSSB issues final standards, CSA still working on rule that would mandate disclosure
The entry of Spain's Banco Santander could make Canada's banking sector more competitive
Provision for credit losses rose for CWB ahead of its acquisition by National Bank of Canada
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