Canadians should plan for higher rates in the long run: BoC
More adjustment to come as previous rate hikes filter through the economy, Bank of Canada senior deputy governor says
- By: Canadian Press
- November 9, 2023 November 9, 2023
- 16:24
More adjustment to come as previous rate hikes filter through the economy, Bank of Canada senior deputy governor says
Individual wealth management had net outflows of $427 million
The finance minister has promised that the fiscal update will focus on housing and affordability
Still, the Federal Reserve chair didn't rule out another increase
The fund has a negative return for the first six months of its 2024 fiscal year
The quarter also saw net outflows, lower AUM
Growth in wealth management and Canadian insurance activities led to the gain
The transaction supports Canaccord's strategy to grow wealth management
The firm also saw net outflows of $465 million across its entire asset management segment
Tax advisors still on shaky ground as five sets of transactions are confirmed
450,000 students registered for this year's Take Our Kids to Work Day
The organization’s five courses aim to address a skills gap
Proposal was part of the province's fall economic statement on Thursday
Remarks follow virtual meeting with provincial finance ministers
Removal of competitor could raise already-elevated bank fees, report says
Wealth management's earnings were up, as number of less-experienced advisors dropped
The central bank warned that borrowing costs will likely stay elevated for some time
Leaves the door open to further rate hikes if inflation pressures should accelerate in the months ahead
The CFA Institute, GSIA and PRI hope their new resource will be adopted by industry and regulators
Prosecutor cites 'pyramid of deceit' in urging jury to convict FTX founder
New policy will apply to new rental housing units such as apartment buildings, student housing and senior residences
For the first time, a second earnings ceiling will be used to determine additional contributions
The second extension was announced on Tuesday afternoon
The province will borrow up to $700 million more this fiscal year than it had anticipated in March