Business leaders’ optimism fading: CPA survey
Rising interest rates seen as biggest challenge to economic growth
- By: IE Staff
- October 25, 2023 October 25, 2023
- 14:28
Rising interest rates seen as biggest challenge to economic growth
Canadian dollar dips to 72.55 cents against the U.S. dollar
Unveils plans to reduce stamp duty on stock transactions, saying a vibrant stock market is vital to upholding the city's status as a financial hub
But inflation, interest rates, labour shortages and supply chain bottlenecks still ranked as more pressing
Keeps door open to more rate hikes
The prescribed rate is set to rise in Q1 2024
Customers in affected communities requiring in-person banking services will have to go to other branches
Former executive fined, banned for seven years due to misconduct
Plus, BMO introduces structured-outcome ETFs
The exchange is the latest example of the heightened political scrutiny the BoC has faced post-pandemic
Macroeconomic conditions, ESG backlash continue to drive investors away
Debit machine scheme involved unregistered securities, regulator alleges
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