Industry moves this week
New CFO for RF Capital, plus other executive-level moves
- By: Jonathan Got
- November 14, 2024 November 14, 2024
- 11:51
New CFO for RF Capital, plus other executive-level moves
Look for companies with improved balance sheets
Short-duration bonds saw positive returns thanks to lower inflation, BoC easing
Policy shift to stoke inflation, hurt growth, intensify uncertainty
Some economists say despite intentions, president-elect could set the stage for mortgage rates to move higher
Consumer prices rose 2.6% from a year earlier, up from 2.4% in September
Lack of standards inhibits consistent, comparable disclosure, regulators find
Consultation seeks feedback on framework for variable life benefits
Real per capita income declined alongside per capita GDP in Canada
Return of former U.S. trade representative indicates support for Canada-United States-Mexico Agreement
Plus, product launches from Manulife, Picton Mahoney and LongPoint
Central bankers group also names new general manager, re-elects chair
Fee increase to be phased in over five years, bring projected revenues in line with expenses
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
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
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