Canadian dollar outlook for 2023 uncertain as rate hikes wane: experts
The loonie's performance is highly contingent on external developments
- By: Rosa Saba, The Canadian Press
- February 6, 2023 February 6, 2023
- 14:11
The loonie's performance is highly contingent on external developments
Wednesday's summary is expected to shed light on the governing council's most recent rate decision
Investors withdrew from broad-based funds, while cash and crypto gained
AdviceSuite to be incorporated into CGI Wealth360
Has the connection between a vigorous job market and high inflation broken down?
Growth forecast largely unchanged, inflation expectations edge up
Financial markets, housing market may face rate-driven headwinds
Few want to sell, fewer looking to buy, January sales down 44.6% year over year
Clients may not know they’re obligated to file, and there is no cap on penalties for late filing if taxes are owed
Policymakers hope to bring down inflation by reducing job openings
Decentralized finance protocols were the top target of crypto thefts
Rate increases are needed to match expanding responsibilities
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