Canadian bank earnings under threat from Covid-19
The outbreak is hurting the global economy — and oil prices in particular
- By: James Langton
- March 6, 2020 March 6, 2020
- 11:26
Morneau says the government will increase its risk adjustment provision in the federal budget
Young workers saw an increase of 20,000 jobs, but their unemployment rate was unchanged at 10.3%
The economy was in strong shape before fears of the the coronavirus escalated
S&P/TSX composite index closed down 225.54 points on Thursday
David McKay’s total compensation was down compared to 2018, but higher than other banks’ chief executives
FCA discussion paper examines the need for "purpose" at industry firms
The measures are motivated by the coronavirus
Regulators adopt new framework for exempting foreign trading venues
Downside risks to the economy outweighed the risk of increasing household debt
Regulators make pre-filing reviews broadly available
Credit unions and regional banks beat out the Big Five on small business customer satisfaction
Regulators propose measures to help firms protect vulnerable clients
May crude oil contract declines US$2.03 to US$90.32 per barrel
A pair of portfolio managers make the case for cautious optimism
Approval of charters for non-banks on the rise, but industry wary of tech giants: Fitch
Concerns about investor harm arise as trailers persist, despite 2012 ban
Court dismisses case, citing importance of timely dispute resolution
Conflict arose from allocation that generated revenue from "no fee" accounts
Pre-budget submissions also float single insurance licensing system among provinces, fiduciary standard for advisors
Health coaches to support group benefits clients throughout cancer journey
The budget forecasts a deficit of $498M on total spending of $27.3B
Deputy governor posts to filled via an internal recruitment process
Interim PBO Jason Jacques' term expired at start of March
Plus, Wellington-Altus adds talent, OSFI's Gully headed for Basel Committee and more
It's the second firm in Canada to receive approval to offer futures and forecast contracts
Both also recorded positive net sales in February, SIMA reports
Plus, other launches, fund changes announced