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Banks face growing threat of climate litigation

Lawsuits, rising regulatory, reputation risk could accelerate economic transition

Bond indices

Corporate defaults set to rise into 2024: Moody’s

Russia, China drove surge in defaults last year

retirement planning

Court dismisses challenge to raising retirement age

Decision upholds lower court ruling in favour of pension plan, trustees

Entrance of historic bank building of Swiss bank Credit Suisse. Photo taken April 19th, 2021, Zurich, Switzerland.

Bank fears spread to Europe, drag down shares of big lenders

Credit Suisse dropped 24% on SIX, chairman defends “strong balance sheet”

pension pension or retirement concept with word on business office folder index

Thanks to foreign assets, pensions gained in Q3

Canadian bonds and equities down, offset by funds' offshore holdings, StatsCan reports

Some growing stacks of coins with the word GDP (gross domestic product) on them

G20 growth tumbled in Q4, OECD reports

Fallout from China's pandemic policy sabotaged output

union jack national flag of the united kingdom (uk)

U.K. Treasury chief predicts no recession in Britain this year

Amid historic inflation and hospital strikes, financial advisor says Hunt “needs to remain boring and predictable”

Home For Sale Real Estate Sign in Front of Beautiful New House.

Canadian home sales drop 40% in February compared with year ago

Sales rose 2.5% month over month, average home costs $662,437: CREA


TD CEO pay edged closer to top spot in 2022

Most executives' compensation beat their target pay


SRO panel laments remote hearing challenges

Panel concluded that rep was participating in proceeding anonymously

Toronto skyline in financial district

Are bank boards meeting their racial justice pledges?

Half of the Big Six have committed to racial equity audits in response to engagement from activist shareholders

Business owner looking to hire new staff. Young businessman hanging a hiring sign in his shop entrance. Boss working in coffeeshop hiring new employees. Hr employee hanging hiring signage in shop

Unemployment stubbornly low, OECD reports

Jobless rates remain near record lows amid still-tight labour markets

  • By: Staff
  • March 14, 2023 March 14, 2023
  • 13:00
Federal Reserve building in Washington DC, USA

U.S. inflation eases but stays high, putting Fed in tough spot

The Fed may get some unintentional help in its inflation fight from the aftereffects of the SVB collapse

Yellen says bank situation stabilizing, different from 2008

Treasury Secretary said more rescue efforts could be necessary to prevent contagion

Inflation in Canada continues to slow, reaffirming BOC’s rate pause

The 5.2% reading in February marked the largest deceleration since April 2020

Finance Minister outlines priorities as pre-budget week kicks off

The government will show more fiscal restraint as part of efforts to rein in inflation

NB budget raises health-care spending by 10%

The finance minister noted the province has moved from a struggling economy to one dealing with challenges that come with growth

Banks lobby for higher deposit insurance limit ahead of federal budget

A coalition wants a review of the $100,000 limit that hasn't changed since 2005

Canaccord appoints former Ontario finance minister to board amid takeover tussle

New appointments come a week after four board members opposed to the takeover resigned

What’s new from fund manufacturers

CC&L has an international equity fund while eight RBC funds are now available in ETF versions

Digital bank fined by FINTRAC

WealthOne paid $676,500 penalty amid compliance lapses

Canadian ETF inflows topped $4B in February with high-interest savings leading

Money-market ETFs gained nearly $1.4 billion while technology, commodities and crypto saw redemptions