The U.S. political roadmap ahead may present new challenges for institutional investors, according to Charles Myers, chairman of Signum Global Advisors, speaking during a session at the Canadian Investment Review’s 2023 Risk Management Conference. He expects the upcoming presidential election will be marked by three key issues: women’s reproductive rights, the economy and “the Trump of […]
The U.S. Federal Reserve is launching a high-risk effort to tame inflation, raising its benchmark short-term interest rate and signaling up to seven rate hikes. The central bank raised its key rate by a quarter-point hike, which it had pinned near zero since March 2020. In early March 2022, the Bank of Canada announced it […]
Wall Street stocks are rising after three days of losses brought on by worries over the spread of the omicron variant and lingering concerns about rising inflation. On Tuesday, the S&P 500 index rose 1.5 per cent as of 1:10 p.m. Eastern. The Nasdaq rose 1.7 per cent. Both indexes were boosted by solid gains […]
While inflation never materialized after the last financial crisis and the subsequent economic expansion, this time will be different, said Erik Weisman, portfolio manager and chief economist at MFS Investment Management, when speaking at the Canadian Investment Review’s Investment Innovation Conference in November. After the global financial crisis, quantitative easing didn’t generate inflation because the […]
The head of the International Monetary Fund says that the global economy has started on a long climb to stronger growth with prospects looking a little better than four months ago. IMF Managing Director Kristalina Georgieva said Tuesday that global economic activity suffered an unprecedented fall in the spring when 85 per cent of the […]
The Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as it strives to accelerate economic growth and drive down the unemployment rate. The central bank also said Wednesday that it will seek to push inflation above two per cent annually. The Fed left its benchmark short-term rate […]
Former Bank of Canada governor Mark Carney is joining an advisory board for the Pacific Investment Management Co. PIMCO chief executive Emmanuel Roman says the California-based investment manager sought Carney for its global advisory board because of his extensive experience as an economist and central banker. The board he joins is comprised of seven members […]
The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday to forge closer ties with average citizens to manage economic expectations through the pandemic, or risk losing public trust and face an existential crisis. Speaking remotely at an annual gathering usually hosted in Jackson Hole, Wyo., governor […]
The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed’s two per cent target level. The change signifies that the Fed is prepared to tolerate a higher level of inflation than it generally has in […]
Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that followed a collapse in hiring and spending this spring. As a result, he said, the Fed plans to keep interest rates pinned near zero well into the future. That faltering economy, pressured by a resurgence of the […]