Fed rate cuts to hit banks’ income: Moody’s
Asset quality, fee revenues to benefit as net interest income weakens
- By: James Langton
- September 16, 2024 September 16, 2024
- 14:51
The government is also releasing drafts for a bill of rights for renters, as well as one for homebuyers
The increase was driven by higher sales in petroleum, coal and chemical product subsectors
Prospective buyers may be holding off given lower interest rate forecasts, economist says
The central bank is expected to announce a rate cut this Wednesday
The appointment is effective Sept. 23
Consumer spending stays weak, despite rising incomes
FP Canada clarifies financial planners' obligations when client relationships end
BMO to unwind $1.2-billion provision after ruling in its favour
CIRO decides discretionary, discount accounts for fund dealers won't be pursued as part of rulebook consolidation project
'Hot print' from Micron Technologies boosted enthusiasm for tech stocks, says portfolio manager
Central bank sees slowdown in wage gains from collective agreements
Rise in benchmark short-term rate to 0.75% is aimed at curbing inflation
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
Execs that previously pleaded guilty in fraud case accept regulatory sanctions
Plus, Raymond James gains Richardson advisor, and promotions at BMO, CI GAM, Wellington-Altus and more
Provincial regulator can halt trading when misinformation circulates
QAFP exam has one more sitting before title protection transition ends
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