China moves to pep up its slowing economy
The country released a 50-page roadmap and cut key interest rates Monday
- By: Elaine Kurtenbach, The Associated Press
- July 22, 2024 July 22, 2024
- 14:42
The country released a 50-page roadmap and cut key interest rates Monday
Economists expect another rate cut could be in store
Recent data indicate inflation is easing
Outage affecting airlines, hospitals and border crossings
Unemployment rising, but layoffs aren't, leaving room to cut rates
Weaknesses in position reporting uncovered in compliance review
Other forms of borrowing decline, led by HELOCs
The auto sector was the only one to see a modest increase
Tech advantages always prove short lived in the stock markets, report suggests
DBRS estimates $27 billion in capital needed to keep ratios at current levels
After six months of stability, claims rose in May
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