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Disintegrating euro
Research and Markets

Inflation seen easing further in 2025, ECB survey finds

Real GDP growth expected to strengthen in year ahead as price pressures ease

AI brain
Industry News

Tech roundup: BMO Insurance now using Microsoft AI in field underwriting

Plus, companies embrace tools for client data transfer, onboarding and risk detection

new rules
From the Regulators

CIRO unveils next wave of rule consolidation

Approval regime, proficiency are among areas covered in latest consultation

House of commons
Industry News

Trudeau to shuffle his cabinet as four more ministers won’t run in next election

Marie-Claude Bibeau, national revenue minister, is among those expected to step down

Man signs a mortgage
Research and Markets

Average rate on a 30-year mortgage in the U.S. hits 6.44%

Mortgage buyer Freddie Mac says average is at highest level in 8 weeks — up from 6.32% last week

Canadian money
Research and Markets

PBO projects deficit exceeded government’s $40B pledge

Liberals won't say if they'll meet target

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t
From the Regulators

FBI cracks SEC Twitter hack

Authorities allege SIM swap enabled access to regulator's social media account

Modern bank towers in the late afternoon
Research and Markets

Mid-sized banks see higher customer satisfaction than Big Five: survey

Report from J.D. Power shows that when it comes to banks, Canadians are focused on fees

Computer keys
From the Regulators

FSB seeks to streamline operational threat reporting

The group is seeking feedback on a proposed common reporting framework for cyberattacks and incidents

Euro map
Research and Markets

European Central Bank cuts interest rates again

Seeing no signs of recession, bank’s rate-setting council lowers benchmark rate from 3.5% to 3.25% — its third reduction since June

Abstract lines
Research and Markets

U.S. equities lured investors in August: StatCan

Canadian investors add foreign stocks, while domestic debt lures offshore buyers

Oil barrels
Research and Markets

DBRS hikes oil price forecast

Easing interest rates, coupled with rising geopolitical risk, boost outlook

Businessman overlooking multiple pathway options
People

Industry moves this week

This roundup includes a mix of industry veterans who have chosen new firms or ventures

  • By: Katie Keir
  • October 17, 2024 October 17, 2024
  • 12:40