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Banks ban high-interest cash
Many of the largest Canadian banks Banned their financial advisors from offering high-interest ETFs to clients, also known as cash ETFs or HISA ETFs, during a time when investors are looking for safer investments. Instead, as Claire O’Hara writes, banks are urging their advisors to offer banks’ savings accounts directly to customers, a move regulators may scrutinize in an ongoing review of industry sales practices. DIY Investors who use discount brokerage trading platforms At the Royal Bank of Canada, Bank of Montreal and Toronto-Dominion Bank are also prohibited from buying HISA ETFs. However, a compliance survey is already underway. Regulators look for any potential conflicts of interest within investment traders, such as those associated with proprietary products and related restrictions on corporate product offerings.
Bill, let’s talk about damage control
Bell Canada’s parent company, BCE Inc. , He was already beaten Andrew Willis wrote before the company fired Canada’s favorite news anchor, Lisa Laflame from CTV, and set her public image on fire. Last March, a study showed that the value of the Bell brand ranked 10th in the country, four times lower than it was the previous year. At $8 billion, the Bell brand was worth less than half that of market leader RBC, and about $200 million less than rival Telus Corp. Now with the public uproar about Mrs. Laflame dismissedwho has been at the network for 35 years, restoring the Bell brand — for investors and TV news addicts — will mean articulating the company’s plans for a digital age.
inflation? We don’t know her
More than two years later, Canadian spending on services, such as restaurants, travel, pet groomers, and hairdressers, It jumped 16.3 percent year on year In the second quarter, the sector finally lifted above the pandemic outbreak level. In fact, the contribution of services to GDP has helped prevent the decline in residential investment, and as Jason Kirby studies in Decoder this week, expenditures are now much closer to consumer spending on goods. The question is whether the rally can continue in the face of higher interest rates, higher consumer prices, and real declines wages The psychological impact of low housing prices.
Ready or not, we go back to the office we go to
Remember when office workers thought the pandemic had permanently changed the way we work, and that many of us would be working remotely — forever? Currently, Tensions escalate as employers begin to force a return to their jobs For a minimum number of days of the week. As Vanmala Subramaniam, Patrick Egwu, and Clare O’Hara write, since many people do not return voluntarily to the office, some employers make it mandatory. It represents a shift in The balance of power between employer and employee That has been biased towards employees for most of the pandemic. Experts who have noticed how employers have navigated in the past However, two and a half years are divided over the exact reason why an increasing number of companies are more determined to return to the office. And many employees Doesn’t react well To force them back into the office, whether for reasons of company culture or filling a rented office space.
Slowing economic growth won’t stop the Bank of Canada
Canada’s economy At an annual rate of 3.3 percent In the second quarter, Statistics Canada reported on Wednesday, which was not as strong as expected and appears to have slowed in July. However, slowing growth is unlikely to deter Bank of Canada On the other hand Big increase in interest rates when you make it monetary policy decision Mark Rendell wrote September 7. Initial estimates for July show gross domestic product fell 0.1 percent that month, and third-quarter growth is on track to reduce the central bank’s estimate of 2 percent. This may be a turning point for the Canadian economy after a period of increased economic activity, and signs that higher interest rates are cooling the economy sooner than many forecasters expected.
Hush! Consider these alternatives to a quiet take off
Quiet is take off The latest trend in the workplace This is gaining momentum, especially among Generation Z employees. It’s not about actually giving up your job, but doing the bare minimum, while still working fully. The idea is to stop exceeding your employer’s expectations, and focus on finding a work-life balance – with a strong focus on life outside of the office. But before you choose not to do your best work in favor of the thoughtless scrolling of TikTok, where the quiet quit proposal began, Naomi Tittelman-Cola suggests Try these working alternatives instead.
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