ETF investors continued to favour cash in July
New money market products were rewarded, according National Bank's monthly report
- By: Mark Burgess
- August 2, 2023 August 2, 2023
- 16:39
New money market products were rewarded, according National Bank's monthly report
Any impact of higher borrowing costs is subtle, as many factors can determine the value of a practice
Jeffrey Schmid replaces Esther George, who retired in January
Analyst sentiment turns rosier for S&P 500 companies, Refinitiv reports
Offshore stock trades came alongside previously-sanctioned options trades
Sales in the market totalled 2,455 last month, a 28.9% increase from a year ago
The CSA and CIRO will consider such awards a compliance issue
B.C. court says case meets criteria and allows plaintiff to revise claim
BoC research found that hedge funds joined the selling action in bond markets
Plus, asset managers continue corporate-class windup
Much of the portfolio is focused on the technology and life science sectors
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