Fed Minutes: Rate Cuts Need Lower Inflation First
Federal Reserve officials indicate that more progress on lowering inflation is necessary before supporting interest rate cuts, as detailed in recent meeting minutes.
Category : Banking Finance
N.S. Finance Chief Disappointed by Credit Rating Downgrade
The top finance bureaucrat in Nova Scotia has stated he is not surprised but disappointed by the recent credit rating downgrade, highlighting fiscal challenges facing the province.
Bank of Canada Halts XTM Over Missing Payments
The Bank of Canada has ordered XTM Inc. to cease retail payment operations, citing a significant shortfall in client funds and a reported $19 million trust deficit affecting hospitality workers' wages and tips.
Bank of Canada Halts XTM's Payment Activities
The Bank of Canada has mandated restaurant tip management firm XTM to immediately stop all payment processing, citing significant regulatory compliance failures and potential risks to the financial system.
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Alberta Securities Commission Warns of Suspected Investment Fraud
The Alberta Securities Commission has issued a public warning regarding a suspected investment scheme, urging investors to exercise extreme caution and verify all opportunities.
Gold Drops 2% on U.S.-Iran Talks and Dollar Strength
Gold prices fell sharply as diplomatic progress between the U.S. and Iran reduced safe-haven demand, while a firmer U.S. dollar added pressure on the precious metal.
Cooling Inflation Opens Door for Bank of Canada Rate Cuts
Economists say recent CPI data showing inflation cooling to 2.3% gives the Bank of Canada flexibility to cut interest rates if economic conditions weaken further.
Guelph Senior Loses $84,000 in Bank Investigator Scam
Two Ontario women, including a senior from Guelph, were defrauded of $84,000 in a sophisticated bank investigator scam. Police warn of callers posing as bank representatives to steal personal information and funds.
Regulators Warn of Risks from Banks' Credit Risk Transfers
Global banking regulators express concerns about banks' increasing use of synthetic risk transfers, with Barclays and Raiffeisen Bank identified as major users. The Basel Committee warns these transactions create new financial system vulnerabilities.
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Canada Should Reject Taxing Unrealized Gains
Taxing unrealized gains challenges core principles of modern tax systems, creating liquidity issues and uncertainty. Canada should maintain its realization-based approach for stability.
RRSPs: Not the Place for High-Risk AI Investment Bets
Financial experts warn against using RRSP contribution room for narrowly focused AI funds, as losses could permanently reduce your tax-sheltered retirement savings capacity.
Sunk Costs and Ego Turn Smart Investors Reckless
Martin Pelletier explores how emotional attachment to past investments and ego-driven decisions can lead investors to make dangerous choices, drawing parallels to Olympic athletes and Everest climbers.
EQ Bank Aims to Become a Household Name in Canada
Canada's seventh-largest bank, EQ Bank, is launching an ambitious initiative to elevate its brand recognition nationwide. Under CEO Chadwick Westlake's leadership, the institution seeks to shed its anonymous acronym status and connect with consumers.
TSX Jumps 400+ Points, U.S. Markets Also Rise
The S&P/TSX composite index climbed more than 400 points on Friday, with U.S. markets also posting significant gains amid positive economic signals and corporate earnings.
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BMO Hires Ex-Barclays Bankers for Japanese Market Expansion
Bank of Montreal has recruited senior bankers from Barclays to strengthen its Tokyo brokerage business, targeting Japanese demand for North American securities as part of its Asian growth strategy.
Quebec Backs Montreal's Bid for Defence Bank Headquarters
Quebec Premier Francois Legault is actively promoting Montreal as the ideal location for the new Defence Bank, highlighting the city's strategic advantages and economic potential in a recent announcement.
CPP Investments Reports 0.5% Net Return in Volatile Q3
The Canada Pension Plan Investment Board announced a net return of 0.5% for the third quarter of 2025-26, citing challenging market conditions and global volatility.
Canadian Banking Capital in 'Goldilocks Zone' with $1T Capacity
Canada's banking regulator OSFI defends capital rules as optimal, revealing banks could lend an additional $1 trillion while maintaining strong international competitiveness and profitability.
Trump Plans Tariff Rollback on Steel and Aluminum Goods
President Donald Trump is preparing to scale back tariffs on steel and aluminum imports as voter anxiety over affordability grows ahead of midterm elections, with administration officials acknowledging consumer price impacts.
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Gold Gains 1% on Dip-Buying Ahead of U.S. Inflation Data
Gold prices climbed more than 1% as investors engaged in dip-buying, with markets closely monitoring upcoming U.S. inflation figures that could influence Federal Reserve policy and global economic trends.
Tax Hikes Threaten Affordability Agenda, Expert Warns
Economist Jack Mintz argues that rising deficit-financed government spending will lead to increased taxes, contradicting affordability promises and burdening households.
Canadian Bond Yields Drop, Fixed Rates to Follow
Trade uncertainty is capping Canadian interest rates as bond yields fall to ten-week lows, potentially leading to lower fixed mortgage rates for borrowers.
Harper's Fiscal Legacy: Blueprint for Canada's Debt Crisis
Former Prime Minister Stephen Harper's approach of tax cuts and spending restraint offers lessons for addressing Canada's current debt and affordability challenges, as deficits persist.
Gold Plunges in Sudden Selloff as Traders Cover Equity Losses
Gold, silver, and copper experienced sharp declines as traders sold metals to cover losses from a stock market rout, though many banks remain bullish on gold's long-term prospects.
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CRA GIC Interest Charges Upheld by Court
A Canadian court has affirmed the CRA's authority to charge instalment interest on accrued GIC income, even when not yet paid to the taxpayer, highlighting tax obligations on investment earnings.
Russia Memo Proposes Dollar Return in Pitch to Trump
A Kremlin document reveals proposals for Russia to embrace the U.S. dollar again as part of economic partnership with Trump administration, marking potential policy reversal.
Two-Track Regulation for Digital Trading and Money Markets
Experts argue Canada must adopt a dual regulatory framework for digital trading and stablecoins, anchored by a central bank digital currency to ensure safety and efficiency.
America's Quiet Debt Default Strategy Explained
The U.S. is pursuing a soft default on its $38 trillion debt through currency depreciation, negative real interest rates, and inflation understatement, quietly transferring costs to creditors and households.
Bank of Canada: Next Rate Move 'Unusually Difficult' to Predict
The Bank of Canada faces unprecedented challenges predicting interest rate moves due to intertwined trade and geopolitical tensions, maintaining rates as economy aligns with outlook.
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Bank of Canada: Rate Path Hard to Predict as Risks Mount
Bank of Canada Governor Tiff Macklem states that future interest rate decisions are increasingly uncertain due to heightened economic risks, complicating monetary policy outlook.
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