Focus shifts to labour market in inflation fight
Central banks must contend with hot labour market but avoid overtightening
- By: Mark Burgess
- January 10, 2023 January 10, 2023
- 14:00
Latest news in Industry News
Bank CEOs say higher credit requirements manageable
In December, OSFI raised banks' capital requirements by half a percentage point
- By: Ian Bickis, The Canadian Press
- January 9, 2023 January 9, 2023
- 12:54
Management-led group makes takeover bid for Canaccord Genuity
Special committee of board members has reservations about the offer
- By: IE staff, with files from Canadian Press
- January 9, 2023 January 9, 2023
- 11:41
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
Europe’s inflation slows again but cost of living still high
December rate of 9.2% down from 10.6% in October but energy prices up 25.7%
- By: Kelvin Chan, Associated Press
- January 6, 2023 January 6, 2023
- 11:25
Labour market posts one last surprise for 2022, adds 104,000 jobs in December
Wages up 5.1%, unemployment rate at 5.0%
- By: Nojoud Al Mallees, Canadian Press
- January 6, 2023 January 6, 2023
- 10:12
CIBC agrees to settle overtime class-action lawsuit, will pay $153M
A former teller initiated the case in 2007
- By: The Canadian Press
- January 5, 2023 January 5, 2023
- 11:43
No compelling economic explanation for cryptoasset pricing, volatility: CFA Institute
Fiduciaries must explain the rationale for an investment, the professional organization said in a new report
- By: IE Staff
- January 4, 2023 January 4, 2023
- 15:12
Half of Canadian workers to seek new job in 2023 in hunt for better pay, perks: poll
Confidence in job market remains high among workers with in-demand skills
- By: Brett Bundale
- January 4, 2023 May 4, 2023
- 14:43
Fed minutes: Officials cited strong hiring to justify hikes
Risks remained that inflation could stay higher than expected
- By: Christopher Rugaber, The Associated Press
- January 4, 2023 January 4, 2023
- 14:23
CIBC to appeal New York court liability ruling in Cerberus lawsuit
Bank expects to record $850-million after-tax provision in Q1
- By: The Canadian Press
- January 4, 2023 January 4, 2023
- 11:30
FTX founder Sam Bankman-Fried pleads not guilty to fraud
A tentative trial date of Oct. 2 has been set
- By: Larry Neumeister, The Associated Press
- January 3, 2023 January 3, 2023
- 15:44
High costs challenge small businesses amid slower inflation
Three in four CFIB poll respondents said fuel, energy costs create hardship
- By: IE Staff
- December 29, 2022 December 29, 2022
- 15:20
Federal government posts $0.2 billion deficit for April to October period
Revenues up 17.6%, expenses down 15.6% from first seven months of 2021
- By: The Canadian Press
- December 23, 2022 December 23, 2022
- 12:35
After a strong year for the economy, 2023 will be shaped by high interest rates
TD expects inflation will fall next year but no consensus on whether BoC will hike rates further
- By: Nojoud Al Mallees, Canadian Press
- December 23, 2022 December 23, 2022
- 12:28
An inflation measure watched by the Fed eases to 5.5%
U.S. personal consumption expenditures up 0.1% in November from October
- By: Paul Wiseman, The Associated Press
- December 23, 2022 December 23, 2022
- 10:56
Canadian economy grew by 0.1% in October, Statistics Canada says
Gains in spectator sports, decline in mining, oil and gas
- By: The Canadian Press
- December 23, 2022 December 23, 2022
- 10:47
FTX founder Bankman-Fried makes first U.S. court appearance
The cryptocurrency entrepreneur was allowed $250-million bond and house arrest
- By: Larry Neumeister, The Associated Press, The Associated Press
- December 22, 2022 December 22, 2022
- 12:32
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
CWB Wealth seeks to win business-owner clients
The bank hopes the recent merger of its private wealth firms will allow them to stand out in a crowded marketplace
- By: Rudy Mezzetta
- December 21, 2022 December 21, 2022
- 09:30
FTX founder agrees to extradition to U.S., attorney says
Bahamian authorities arrested Bankman-Fried last Monday at the request of the U.S. government
- By: The Associated Press
- December 19, 2022 December 19, 2022
- 16:45
Fewer candidates wrote QAFP exam in October
Numbers drop after introduction of post-secondary requirement
- By: Michelle Schriver
- December 16, 2022 December 16, 2022
- 16:30
Fall economic statement bill receives royal assent
First home savings account, anti-flipping rule are now law as Bill C-32 passes
- By: Rudy Mezzetta
- December 16, 2022 December 16, 2022
- 13:13
U.S. recession a growing fear as Fed plans to keep rates high
Central bank will either “break inflation” or “break the economy''
- By: Paul Wiseman and Stan Choe, The Associated Press
- December 16, 2022 December 16, 2022
- 11:15
Minimum qualifying rate for uninsured mortgages remains steady
OSFI keeps key mortgage stress test rate unchanged
- By: The Canadian Press
- December 15, 2022 December 15, 2022
- 10:05