Canada’s annual inflation rate accelerates to 3.4% in December, complicating path for BoC
The Bank of Canada is expected to hold its key interest rate at 5% next week
- By: Nojoud Al Mallees, Canadian Press
- January 16, 2024 January 16, 2024
- 12:15
The Bank of Canada is expected to hold its key interest rate at 5% next week
Member of the Fed's board of governors noted that inflation is slowing even as growth and hiring remain solid
The SEC sanctioned the firm for violating whistleblower protections
FCA forms working group to enhance advisor expertise in sustainable investment
Meanwhile, asking rents jumped 8.6% in December to hit record $2,178
SEC approval clears the way for mainstream industry to get into crypto, but risks remain
Population growth must slow sharply before productivity can improve, report says
Consumers have changed their spending habits in response to higher inflation, interest rates
Sales of chemical products rose, while car sales fell
Kensington will maintain its investment and operational independence, receive strategic support
StatsCan will release its consumer price index report on Tuesday, offering a look at the overall inflation rate for 2023
Regulators allege Axia Project misled investors with unregistered offering
The CRA is no longer offering the flat-rate method to claim employment expenses for 2023
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