The resilient strength of the job market and overall economy has kept inflation above the Fed’s 2% target
Misrepresentation allegations against pharma company and CEO dismissed
Also, BDO releases AI for wealth management
The penalty is for five violations during a review between March 2022 and March 2023: Fintrac
GWL's AUM dips below $1 trillion after Putnam sale
Forecasters widely expect the Bank of Canada to lower its policy rate in June or July
U.S. employers added 303,000 jobs last month, an example of the U.S. economy’s resilience
Inventory in April reached levels not seen since pandemic
High costs were cited as a top concern among young investors
Board says inflation has remained stubbornly high in recent months
Calgary Real Estate Board says 2,881 units sold last month, with a benchmark price across all home types of $603,700
Tribunal refused to pause its proceedings while lawyers try to get paid
Undergrad's intimidation changed to interest with Women in Asset Management program
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