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Saskatchewan legislative assembly

Saskatchewan budget projects $1B surplus, more money for health care

No new taxes, smaller surpluses predicted over next three years

Fed raises key rate by quarter point despite bank turmoil

Inflation remains elevated, bank failures likely to “weigh on economic activity”

BoC was still concerned about potentially sticky inflation as it held interest rate

Actual 2023 growth could be stronger than forecast

U.K. inflation jumps to 10.4%, surprising analysts

Quarter-point rate hike predicted as Ukraine war drives prices up

Canadian home sales expected to pick up in spring but inventory still lags

New listings down 26% year over year, average price down 19%

Quebec cuts taxes for lowest income brackets

The province is also increasing the maximum age for applying for a retirement pension to 72 from 70

“Bank run-type scenario” at lifecos highly unlikely: DBRS

Causes of SVB failure unique to banks but some life insurance contracts with investment features are liquid, report says

  • By: IE Staff
  • March 21, 2023 March 21, 2023
  • 15:43
Finance and Treasury Board Minister Ernie Steeves tabled today the 2023-24 budget

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

Businessman putting a US dollar coin into a bank stock illustration

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

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

How Manulife Securities-Fidelity deal signals a larger trend

Fidelity Clearing Canada will provide its uniFide back-office technology to Manulife Securities

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

Credit Suisse–UBS deal offers hope, but bank doubts persist

Some customers were caught off guard by the turmoil, at odds with Switzerland's reputation as as stable banking haven

School exam student's taking educational admission test in class, thinking hard, writing answer in university classroom, education and world literacy day concept (School exam student's taking educational admission test in class, thinking hard, writing

CFA adds private wealth specialization to Level III

The change is one of five updates to the CFA program aimed at making the charter more practical

Skyline of the financial district

Canadian banks’ funding is stable despite losses since SVB failure

Banks have lower exposure to fixed-income securities and sufficient liquidity, DBRS says

  • By: IE Staff
  • March 20, 2023 March 20, 2023
  • 13:35
Skyline of the financial district

Banking complaints agencies report record numbers for 2022

OBSI, ADR Chambers report double-digit increase in case openings

Inflation is easing but Ottawa faces pressure to help those who have fallen behind

Watch federal budget for cost-of-living measures: Desjardins’ Jean

Stock market crash with red chart in background and bear in front. Bearish market trend concept.

Markets slump Friday as investors grapple with banking fallout, rate uncertainty

Big banks don’t necessarily have same problem as regional banks: Mackenzie CIO

Canada-U.S.-border

Canadian investors shy away from foreign stocks

Outflows from foreign securities hit $16.2 billion in January, StatsCan reported

Parent of Silicon Valley Bank seeks bankruptcy protection

SVB Financial Group evaluates “strategic alternatives” for SVB Capital and SVB Securities

Big U.S. banks create $30B rescue package for First Republic

The California-based bank serves a similar clientele as did failed Silicon Valley Bank

Experts, banks in U.S. look for ideas to stop next bank failure

Tougher regulations are a key focus

Business people on a rollercoaster

Pressure on financial system means more volatility ahead

Strategists take a defensive portfolio stance

  • By: IE Staff
  • March 16, 2023 March 16, 2023
  • 15:36
Eurotower in Frankfurt am Main before sundown

ECB backs big rate hike despite bank chaos

The European Central Bank said it's monitoring current market tensions closely

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”

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”