U.S. economic growth for last quarter revised up
Consumer spending puts economy on track for 5.2% annual growth, up from 4.9% estimated last quarter
- By: Paul Wiseman
- November 29, 2023 November 29, 2023
- 13:00
Consumer spending puts economy on track for 5.2% annual growth, up from 4.9% estimated last quarter
Firms are reporting increased compliance costs as they respond to ESG guidance and regulatory "sweeps"
The remarks on Tuesday suggested the Fed's outlook for interest rates may have decisively shifted in the past few months
Proposed legislation aims to boost investor protection
New product labelling and marketing rules to take effect in 2024
The Liberals are moving ahead with a measure for financial institutions proposed in the 2023 budget
The Conference Board's consumer confidence index rose to 102 from 99.1 in October
Employee numbers were down about 1,500 from the previous quarter, about halfway to the bank's 3% reduction target
Rating agency expects 100 basis points of rate cuts next year
Deaths from Covid-19 reached their highest level in 2022
Regulator's compliance reviews find issues with performance reporting
IG Wealth Management's annual index showed fears about the economy weighing on Canadians
Inflation-adjusted credit declined for first time since 1990s recession, according to National Bank Financial
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