Fed’s tough challenge: Confront inflation and bank jitters
Most economists think the Fed will raise rates by a quarter-point on Wednesday
- By: Christopher Rugaber, The Associated Press
- March 20, 2023 March 20, 2023
- 14:35
Most economists think the Fed will raise rates by a quarter-point on Wednesday
Some customers were caught off guard by the turmoil, at odds with Switzerland's reputation as as stable banking haven
The change is one of five updates to the CFA program aimed at making the charter more practical
The insider provided information the commission otherwise could not have obtained
A review identified gaps in addressing conflicts associated with proprietary products
Amid the turmoil, some advisors seized buying opportunities and proactively comforted clients
OBSI, ADR Chambers report double-digit increase in case openings
Watch federal budget for cost-of-living measures: Desjardins’ Jean
Big banks don’t necessarily have same problem as regional banks: Mackenzie CIO
Outflows from foreign securities hit $16.2 billion in January, StatsCan reported
The OECD revised its global GDP projections upward, but warned of persisting risks
SVB Financial Group evaluates “strategic alternatives” for SVB Capital and SVB Securities
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