Unemployment rate rises to 5.8% in November
Canadian economy added a modest 25,000 jobs in the month
- By: The Canadian Press
- December 1, 2023 December 1, 2023
- 10:45
Canadian economy added a modest 25,000 jobs in the month
Job vacancies continue their steady decline
BofA fined over anti-spoofing supervision in U.S. Treasury markets
CIBC, RBC, Scotiabank and TD have all cut staff this year
The notice of civil claim is the start of a series of similar applications, minister says
Economists expect Bank of Canada to remain on hold amid economic weakness
The October sitting had 57 candidates
With the weakening economic outlook, the European Central Bank is expected to hold rates in December
Deal is good for Canada, CEO says
Some cuts have already been made, while remainder will happen next year
Financial advisors less likely to recommend investing in crypto assets this year compared to last year
U.S. prices were unchanged from September to October
Feds may be reviewing elements after pushback related to charitable giving
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