Cooler hiring and milder pay gains could aid inflation fight
U.S. unemployment at 53-year low of 3.5%, wage growth at 4.6% in December
- By: Christopher Rugaber, The Associated Press
- January 6, 2023 January 6, 2023
- 11:55
U.S. unemployment at 53-year low of 3.5%, wage growth at 4.6% in December
December rate of 9.2% down from 10.6% in October but energy prices up 25.7%
Wages up 5.1%, unemployment rate at 5.0%
Crypto exec defrauded investors of billions, lawsuit alleges
Canadian equity issuance dropped sharply in 2022, and debt down too
The Investment Funds Institute of Canada named its replacement for outgoing leader Paul Bourque
Ex-BlackRock portfolio manager sought help for daughter's acting career while investing in film industry
High quality, longer duration are factors to consider
Inflation, end of Covid-19 support helped drive the increase
With filings slowing down, OSC promises faster turnaround times
Lower energy exports, higher dollar drive swing in trade balance
In this economic cycle, national home prices could fall 25% from their peak, BMO says
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