Making the case for a March rate cut: NBF
Despite stronger inflation, jobs, BoC may still cut rates
- By: James Langton
- February 20, 2025 February 20, 2025
- 14:28
Despite stronger inflation, jobs, BoC may still cut rates
Plus, Preqin updates private capital indices, new SMA offerings and mutual fund changes abound
Layoffs ordered by the Department of Government Efficiency not yet reflected in the stats
Canadian core earnings were $1.57 billion in 2024, up from $1.49 billion in 2023
Of 1.2 million mortgages up for renewal in 2025, about 85% were secured at historically low pandemic rates
Regulators face challenges with market fragmentation, high-tech trading
Inflationary effects of potential tariffs, mass deportations, have reduced rate expectations this year
Assuming cuts to social supports, PBO estimates net cost of program to government could be $5 billion or less
CIRO plans to facilitate voluntary participation in federal open banking effort
Industry taskforce to oversee transition in line with continental Europe
Credit card balances surge, mortgage debt climbs
Quarterly earnings down 12% compared with year earlier period
The S&P/TSX composite index rose 58.63 points to 32,058.73
The central bank issued a summary of its overnight-rate deliberations earlier this month
Americans’ assessments of their current economic situation tumbled: survey
Retail investors targeted by so-called investment groups on social media
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
The pension fund is investing up to US$1.05 billion
Plus, promotions at Harvest and Ontario Teachers' Pension Plan Board
High-profile firms and their clients were targeted in 2025
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record