Banks’ rating outlook brightens: Fitch
Outlook shifts to neutral as banks adapt to higher rate environment
- By: James Langton
- November 29, 2023 November 29, 2023
- 14:37
High bond yields and weak forecast for equities make conservative portfolios more attractive
Case involves appeal of a lower-court ruling that threw out stiff financial penalties imposed on hedge fund manager
Bank of Canada survey suggest top concerns are privacy and low levels of trust in institutions to protect personal data
The organization projects that recessions will be avoided "almost everywhere"
Consumer spending puts economy on track for 5.2% annual growth, up from 4.9% estimated last quarter
Firms are reporting increased compliance costs as they respond to ESG guidance and regulatory "sweeps"
The remarks on Tuesday suggested the Fed's outlook for interest rates may have decisively shifted in the past few months
Proposed legislation aims to boost investor protection
New product labelling and marketing rules to take effect in 2024
The Liberals are moving ahead with a measure for financial institutions proposed in the 2023 budget
The Conference Board's consumer confidence index rose to 102 from 99.1 in October
Employee numbers were down about 1,500 from the previous quarter, about halfway to the bank's 3% reduction target
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