Recent ransomware attack highlights financial sector's vulnerability
Foreign investors reduce Canadian bond holdings, domestic investors add offshore bonds in September
Improving competition in Canada's concentrated banking sector is one of the aims
Other developments this week include cuts at Manulife and several advisor team moves
Across advanced economies, lending demand slowed sharply
Financial sector infrastructure vulnerable to ransomware, malware attacks
Initiative received 42% support from RBC shareholders at latest AGM, and 37% from BMO shareholders
Profits face further pressure as deposit rates continue to increase
Rates staying higher will continue to drive credit outlook, Moody's says
The rating agency's concerns stem from recent adverse events at the bank