Bank of Canada launches revamped overnight benchmark
Move to transaction-based benchmark follows LIBOR scandal
- By: James Langton
- June 15, 2020 June 15, 2020
- 11:57
Move to transaction-based benchmark follows LIBOR scandal
The number of homes sold has been steadily rising since mid-April
Francois Desjardins has been with the Montreal-based bank for 29 years
Huge jump in credit loss provisions slashes Q2 earnings
Rep admitted to unapproved outside dealings with clients
JustWealth's new digital hub allows sponsors to sign-up for group RRSPs and TFSAs
Two experts explain their processes at the Responsible Investment Association's 2020 conference
Montreal woman accused of opening bank accounts to defraud Covid-19 relief program
The data show that household finances are hanging tough for the time being
U.S. authorities allege illegal stock sale campaigns sought to exploit pandemic
In its semi-annual monetary policy report, the central bank pointed to "tremendous" hardship
Industrial prices for May more positive than gloomier StatsCan data for March and April
Economist predicts debt ratios “will likely hit fresh record highs”
Oil prices climbed more than 2.5% as Strait of Hormuz remains blocked
However, success hinges on the details and speed of implementation
Blockbuster week ahead for Wall Street as Alphabet, Amazon, Microsoft, Apple and others set to report
Tolling of limitation period applies to all potential class members, court finds
Investors in private equity funds misled, money misused, SEC charges
Effort to encourage independent IPO research hasn't worked, added costs
Ahead of spring economic statement, small business group calls for measures to counter shrinking entrepreneurship
Plus, other software updates and a partnership
It also wants to increase labour productivity by 3.3%
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
New leadership position brings better accountability for back-office workflows
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