‘The best returns are just around the corner’: First Trust economist
A recession will probably arrive before the end of the year, but there could be advantages to staying invested
- By: Melissa Shin
- June 20, 2023 June 20, 2023
- 11:48
A recession will probably arrive before the end of the year, but there could be advantages to staying invested
Growth in labour demand, average hourly wages offered slowing
New domestic stability buffer takes effect Nov. 1
Ottawa is trying to prevent forced labour in supply chains through further transparency, an RIA conference speaker said
Appeal court upholds lower court's ruling, denying class action against trustee
Extending amortization may serve to drive prices higher
Plus, an update on RBC's infrastructure fund and Mackenzie Investments closes a few funds
System-wide review launched in response to recent liquidity crunches in stressed markets
Record population growth pushes Canada past 40-million mark
Credit card balances rise as mortgage growth slows
The firm will look for ways to improve employee ownership in the business, Dan Daviau said
Link between government spending and inflation is complex
New figures to be released this week could show signs of softening
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