Fed cuts its key interest rate by quarter-point amid post-election uncertainty
Rate cut follows larger half-point reduction in September
- By: Christopher Rugaber, The Associated Press
- November 7, 2024 November 7, 2024
- 15:30
Rate cut follows larger half-point reduction in September
Latest cut comes after inflation fell to an annual rate of 1.7% — U.K.'s lowest level since April 2021
CSA says next phase of consultation to come next year
Large companies, financial institutions to start climate-related financial disclosures in 2025
OSC failed to prove any of its allegations against dealer, investment banker
Insurer posted record base earnings topping $1 billion
Insurer’s Canadian core earnings up 4%
SEI takes award for best overall mutual fund group
Plus, new products from Purpose Investments, National Bank Investments
No one can predict what markets will do over the next four years, but there are items to watch
Policies have affected credit growth, housing prices, delinquencies
Canadian Chamber of Commerce report suggests tariffs could shrink the Canadian economy
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