U.S. recession signal likely a false positive: Fitch
Rise in jobless rate driven by growing labour force, rather than layoffs
- By: James Langton
- August 8, 2024 August 8, 2024
- 17:21
Wickham Investment Counsel Inc. adds just over $200 million to the firm's assets
Wealth management firms based in Florida and North Carolina serve ultra-high-net-worth clients
Misconduct continued even when rep was under close supervision, CIRO says
U.K. firms failing to meet new investor protection standards, review finds
It's the lowest level in more than a year
Internal review, external assessment slated to be published toward end of 2024
Better market performance was offset by sizable loss on sale of debt instruments
It's the first snapshot of the U.S. labour market since last week’s disappointing jobs data for July
Weak market signals disinflation, need for more rate cuts, company report says
Deliberations summary suggests governing council wants the economy to pick up speed again
Fund manager, H2O, agrees to provide €250 million to unitholders
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