Inflation rate falls slightly in November even as grocery, shelter costs rise rapidly
Mortgage interest costs up 14.5%
- By: Nojoud Al Mallees, Canadian Press
- December 21, 2022 December 21, 2022
- 10:19
Mortgage interest costs up 14.5%
The bank hopes the recent merger of its private wealth firms will allow them to stand out in a crowded marketplace
ETF sales climbed while mutual fund redemptions were steady, IFIC reported
Figures for November indicated weaker spending on goods despite Black Friday sales
Japan had been a holdout among major industrialized nations in allowing yields to rise
Non-banks' share of global assets rose in 2021, led by investment funds
Bank sanctioned over misconduct in auto lending and banking
Mortgage growth slowed but household credit card use is surging
The role of private assets in portfolios has shifted, report says
A report found those over 80 were more positive about aging than younger retirees
Bahamian authorities arrested Bankman-Fried last Monday at the request of the U.S. government
Regulator set aside timing requirements and ordered award for anonymous tips
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