BoC expected to raise rates again this week, vying to quash inflation faster
Forecasters say the economy has not softened enough for the central bank to back off
- By: Nojoud Al Mallees, Canadian Press
- July 10, 2023 July 10, 2023
- 12:28
Forecasters say the economy has not softened enough for the central bank to back off
The Bank of Canada has identified household debt as a key risk
Industry veteran Roy Ratnavel to retire, plus a new senior role at Harbourfront Wealth
FINRA expels firm; SEC, DoJ charge broker for exploiting vulnerable investors
OSC decision to deny access to investors' identities upheld
OSC, AMF consult on new Term CORRA to help ease demise of CDOR
CIRO proposes to focus on exams instead
Horizons's new suite focuses on banks and large caps, while CI plans new money market ETFs
The increase came as the economy added 60,000 jobs in June, driven by gains in full-time work
The latest evidence of economic strength makes it all but certain that the Fed will resume rate hikes
After a volatile year in markets, more clients say they're willing to work with multiple providers
Issuance weakest since 1995 as IPOs, structured products and preferred issues were all scarce
Yves Ouellet to succeed Louis Morisset on Aug. 21
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