What BoC rate cut means for mortgages, consumer loans, investments
Most banks lowered their prime rates to 6.95% following the announcement
- By: Ian Bickis, The Canadian Press
- June 5, 2024 June 5, 2024
- 16:31
Most banks lowered their prime rates to 6.95% following the announcement
Trusts holding GICs would not qualify for a filing exemption available to low-value trusts
Plus, the latest in other tech news
Claim alleges that bank failed to disclose deficiencies fast enough
New exchange venture raises US$120 million to finance launch
Software glitches the most common causes of trading failures, regulators find
More buyers are expected to enter the market as borrowing costs begin to decrease
Governor says if inflation continues to ease, it is reasonable to expect further cuts
Total inflows have reached $24 billion this year
Sham fund manager engaged in a Ponzi scheme, regulators ruled
ESMA promises tougher oversight, calls on industry to avoid misleading claims
CIRO survey finds investors relying on social media, ranking it as worthy as traditional advice
Precious metals action calms, while Dow Jones tops 50K
Report calls for action on data gaps, surveillance, leverage
Trade deficit remains unchanged amid shifting tariff policy, Fitch reports
Trust account used in fraud, misappropriation, Law Society finds
Policy failed to cover hedge fund investment that turned out to be a fraud
Firm allegedly touted stocks on social media, while selling its holdings
The honours will be presented Feb. 12, at the association's Embrace the Challenge event
Start with flexibility, tax efficiency, simplicity
Brokers, MGAs, software providers and TPAs set to evolve
Plus, moves at Our Family Office, Harvest ETFs, Manulife Wealth, Canada Life and more
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, National Bank changes diversified equity fund
Net monthly ETF inflows reach $22B in January: report
Plus, other firms launch new products, tweak their fund lineups