Full-time employee equivalent count was down 1,709 from Q4 of 2022
Foreign investors acquired $54.7 billion in Canadian bonds in the second quarter
ESMA outlines market vulnerabilites amid higher interest rates, economic uncertainty
Lofty post-pandemic outlays can't last, given higher debt servicing costs
Revenues in wealth management increased 6% year over year
Consumer spending showed a decent gain but was down from Q1
Alongside Kevin Gopaul's recent exit from BMO GAM are advisor and senior-level moves
Deal brings Conquest software to CapIntel platform
Grayscale Investments won its challenge of an SEC decision
The bank's wealth management profits declined from the previous quarter
Total household debt reached $2.3 trillion in Q2, up 4.2% from last year
Costs related to layoffs totalled $223 million, though the bank didn't disclose the number of employees let go
Plus, Horizons makes changes to its asset allocation suite
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