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Interest rate options

Is it a ‘skip’ or a ‘pause’? Language matters as Fed prepares for rate announcement

Calling the expected non-rise a "skip" would be seen as compromise between rate hawks and doves in U.S.

Downward slide

Economic slowdown on horizon for many Canadian provinces: Conference Board

Recession is likely for much of the country later this year, new research shows

Money Bag

Feds consult on fighting money laundering and terrorist financing

Government also seeks comment on creation of new financial crimes agency

Courts receive papers

Court denies Bridging investors’ bid for money back

Chief justice finds motion is premature, directs receiver to address distribution issues

Interest rate chart

Bank of Canada raises key interest rate amid stubbornly high inflation

Key interest rate now sits at 4.75%, highest it's been since 2001

International trade

Statistics Canada reports merchandise trade surplus rose to $1.9B in April

Exports for April rose 2.5% led by energy and mineral products


Title protection fee proposal in Ontario draws criticism from planning associations, investor advocates

Group rejects proposed fee exemptions for self-regulatory organization and calls for greater advisor proficiency

  • By: Staff
  • June 6, 2023 June 7, 2023
  • 16:03
Wooden gavel used by a judge or auctioneer

SEC brings charges against cryptocurrency trading platform Coinbase

The company operated an unregistered securities platform and brokerage service, the U.S. regulator says

pencil erasing credit card debt

Credit card balances increase in first quarter as mortgage market slows

Higher cost of living contributed to greater credit demand, Equifax says

Shining world map

World Bank offers dim economic outlook in face of higher interest rates

The agency forecasts global growth of 2.1% this year, down from 3.1% in 2022

Hand saying stop

Canaccord board to shareholders: reject management buyout

The special committee evaluating the offer was unanimous in its recommendation

canadian money house on white background

Homeownership dream persists despite affordability concerns

Polls find widespread concern about affordability amid rising rates and inflation

  • By: Staff
  • June 5, 2023 June 5, 2023
  • 15:14
11119737 - in the spotlight featuring concept for the theater stage with glowing lights on red velvet cinema curtain and drapes representing the entertainment communications concept of an important announcement in a rich cinema and theatrical environment.

Industry moves this week

iA Financial Group's president and CEO Denis Ricard will lead CLHIA's board

Unemployment rate ticks higher in May for first time in 9 months

Job gains have moderated, StatsCan says

Rate hike prompted by higher risk of sticky inflation: BoC’s Beaudry

Stronger growth, tight labour market, and rise in inflation clinched the decision to raise key interest rate

Jobless rates remain rock bottom in April: OECD

Euro area, young workers see new lows for unemployment

FSRA meets or exceeds service standards in Q4

Results include action on insurance, title protection complaints

Privacy office orders release of FSRA enforcement notice

Disciplinary filing is a statutory requirement, not legally privileged, IPC rules

U.S. anti-trust action poses challenge to companies

Corporate M&A faces growing legal, regulatory threat in U.S., Fitch says

Cash ETFs lead monthly gains again, drawing $4.8 billion this year

Fixed-income funds continue to dominate flows

Ninepoint finalizes Bitcoin fund change with launch of Web3 ETF

Other funds ready to ride out the "crypto winter"

Product news: More cash ETFs to chase a runaway trend

Plus, CI has an asset-allocation suite, and First Trust takes a laddered approach to U.S. equities