Global Banking Monitor

Thursday, July 25, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...

Tag: canada

Royal Bank of Canada Receives Approval for $10 Billion Purchase of HSBC Unit

Canada on Thursday approved Royal Bank of Canada's (RY.TO) C$13.5 billion dollars ($10.2 billion) acquisition of HSBC's (HSBA.L) domestic unit, in a deal that...

Bank of Canada Chief Macklem Forecasts Rate Reduction in 2024

Bank of Canada Governor Tiff Macklem said he expects to start cutting interest rates next year but needs to see several months of sustained...

Bank of Canada Governor Indicates Potential Cease in Interest Rate Increases

Bank of Canada Governor Tiff Macklem recently suggested that the measures taken to tackle inflation are working, indicating a potential pause in the ongoing...

Bank of Canada Indicates Rates Could Be ‘Restrictive Enough

Bank of Canada Governor Tiff Macklem said policymakers may have done enough to tame inflation, reinforcing market and economist expectations that short-term rates have...

Bank of Canada Minutes Reveal Discussion on Delaying Rate Hike at Last Meeting

The Bank of Canada discussed delaying a hike to its key overnight rate at the last meeting before deciding on a raise to ensure...

Bank of Canada Predicted to Maintain 5% Interest Rate Amidst Resilient Economy

Economists now see a soft landing for the Canadian economy, with no recession this year despite interest rates at a 22-year high. The economy will...

Canada Ends Partnership With Asian Infrastructure Bank, Citing Alleged Chinese Interference

Prime Minister Justin Trudeau’s government stopped Canada’s work with the Asian Infrastructure Investment Bank while it investigates claims the institution faces substantial interference from...

Canadian Banks Increase Prime Rate to 6.95% Following Bank of Canada Rate Hike

Canadian banks announced they were raising their prime lending rates after the Bank of Canada surprised markets by hiking it benchmark interest rate on...

Bank of Canada Rate Hike Triggers Continued Global Bond Sell-Off

Government bonds continued to sell off in the Pacific region after the Bank of Canada's surprise interest-rate hike drove worries that other central banks...

Bank of Canada Raises Rates to Highest Level in 22 Years, Anticipating More Increases

The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another...

Bank of Canada Interest Rate Hike Expected to Hit Rental Market Hard, Say Experts

The Bank of Canada’s decision to hike rates on Wednesday will put additional pressure on Canada’s already tight rental market, experts say. The BoC’s surprise...

Bank of Canada Sends Shockwaves through Markets with 4.75% Policy Rate Hike

The Bank of Canada defied expectations by restarting its interest-rate tightening campaign, saying the economy is running too hot. Policymakers led by Governor Tiff Macklem...

Bank of Canada Poised to Resume Interest Rate Hikes, Indicates Readiness

The Bank of Canada probably isn’t done raising interest rates. Whether they move now or in July, policymakers led by Governor Tiff Macklem are expected...

Bank of Canada to Maintain Rates for the Rest of the Year, but Possibility of at Least One More Hike

The Bank of Canada will keep its key interest rate on hold at 4.50% for the rest of this year, according to a majority...

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