CPP Investments reports 1.3% return for its latest fiscal year
Performance partially offset by declines in both equities and fixed income across major markets
- By: Sammy Hudes, The Canadian Press
- May 24, 2023 May 24, 2023
- 13:46
Performance partially offset by declines in both equities and fixed income across major markets
'Challenging market conditions' and 'shifting environment' said to be putting pressure on revenue growth
National Banks says BoC can be patient while input cost easing plays out
Canada led the G7 while U.S. growth slowed in the first quarter
Regulators consult on global standards, expect final version by Q4
Mutual fund redemptions rose and ETF sales slid, as investors fled equities
Rising rates are also making room for private lenders, according to a pair of reports
The holder needs a written agreement to buy or build home to make a tax-free withdrawal
Bank failures may cause lending reduction but inflation remains well above 2% target
Non-mortgage debt ground to a halt in March while mortgage growth was stable
Investors were misled by company's news releases, OSC alleged
Ban should apply in provinces that have yet to announce it, regulators say
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