Ratings for global financial sector trend positive: Fitch
Sovereign ratings drive bulk of positive rating action
- By: James Langton
- April 29, 2024 April 29, 2024
- 14:07
Investor decries lack of communication throughout cease-trade order, and recommends increased due diligence when choosing funds
Perpetrators posing as representatives of Schroders, an asset manager
FHSA holders may trigger tax when they overcontribute or hold non-qualified investments
Fund manager has no assets or insurance, lawyer says
A mix of retirements and board appointments
Canadian fund flows perk up, while U.S. sees record outflows
Many economists envision no rate cuts before September
Fees to rise for most firms as minimums go up, certain dealers pay higher share
The agency could extend reassessment period if a taxpayer is issued a notice of non-compliance
Higher interest rates are weighing on the economy
Inflation, higher interest rates add to the financial challenges
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