Don’t look to the BoC to solve Canada’s housing and economic woes, Macklem says
The central bank says shelter costs are now the primary driver of above-target inflation
- By: Nojoud Al Mallees, Canadian Press
- February 6, 2024 February 6, 2024
- 15:43
The central bank says shelter costs are now the primary driver of above-target inflation
European regulators flag threats to investors from industry, influencers
The average Toronto home price dropped 1% from the same time last year
The bank is calling for stronger growth in Canada and the U.S. this year
High interest rates, heightened macro uncertainty weigh on deal flow
Asian countries are expected to drive global growth again in 2024 and 2025
Agency releases guidance on home office expenses for 2023
Wage growth is still too hot, but will moderate as employment slows
The government said it knows Canada's housing challenge won't be solved by the end of 2024
Economists say the strain is not likely to spill over into the broader economy
Investor sentiment remains fragile
Equity funds led January flows, while cash products remained popular
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