Mal Cullen

ECONOMIC NEWS 📈 This week with Sébastien Mc Mahon: Spotlight on the markets: We take a quick look at the state of the markets four months into the year. 👇https://ow.ly/aBW550RpXsO

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🎙️Canadian Banking Insights: A Deep Dive into RBC In today's episode of InFocus, Candis Fitch, CIM®, CIWM, portfolio manager at TriCert Investment Council, is joined by fellow portfolio manager Lee Grimshaw, CFA®, to discuss the financial sector, with a particular focus on the Royal Bank of Canada (RBC). They highlight RBC's impressive performance, including its position as the largest company on the TSX 300 and its significant market cap. The discussion covers RBC's diverse portfolio, global reach, and recent financial results, including a strong quarterly performance driven by acquisitions and growth in various segments. They also address some challenges RBC faces, such as increased provisions for credit losses and economic headwinds in Canada. The episode concludes by comparing RBC's performance to that of other major Canadian banks. Play this episode: https://lnkd.in/gsujZqn7 Listen and Subscribe on Spotify: https://lnkd.in/gN6tYbTF Listen and Subscribe on Apple Podcasts: https://lnkd.in/gUWbDDuw #Podcast #InvestmentManagement #FinancialsSector

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Market participants are patiently waiting for the Bank of Canada's actions this week, anticipating potential direction in the Loonie. Amo Sahota, director at Klarity FX, points out "the softer U.S. manufacturing data initially put downward pressure on equities, ultimately influencing the CAD to close lower for the session." Sahota further highlights the cautious approach among traders and that "many are hesitant to commit to a direction for the Loonie until the BoC's policy details emerge. Although a policy cut is anticipated in the swap market, spot FX still faces significant exposure to volatility based on the upcoming policy messaging." It's an interesting week for CAD watchers, with all eyes on the Bank of Canada's next move. #bankofcanada #canadiandollar #cad #interestrates

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Our Canada Fixed Income Insights report is just published! Read our report for currency-adjusted performance, macro drivers, shifts in yields, spreads and curves across conventional, inflation-linked and corporate bonds within the Canadian fixed income market. Access it here: https://lseg.group/4b32DcG #MacroEconomics #Bonds #FixedIncome

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Our Canada Fixed Income Insights report is just published! Read our report for currency-adjusted performance, macro drivers, shifts in yields, spreads and curves across conventional, inflation-linked and corporate bonds within the Canadian fixed income market. Access it here: https://lseg.group/3XdH3hK #MacroEconomics #Bonds #FixedIncome

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Our Canada Fixed Income Insights report is just published! Read our report for currency-adjusted performance, macro drivers, shifts in yields, spreads and curves across conventional, inflation-linked and corporate bonds within the Canadian fixed income market. Access it here: https://lseg.group/3XPlUKL #MacroEconomics #Bonds #FixedIncome

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Our Canada Fixed Income Insights report is just published! Read our report for currency-adjusted performance, macro drivers, shifts in yields, spreads and curves across conventional, inflation-linked and corporate bonds within the Canadian fixed income market. Access it here: https://lseg.group/3Xh0p3X #MacroEconomics #Bonds #FixedIncome

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Our Canada Fixed Income Insights report is just published! Read our report for currency-adjusted performance, macro drivers, shifts in yields, spreads and curves across conventional, inflation-linked and corporate bonds within the Canadian fixed income market. Access it here: https://lseg.group/3BxcevD #MacroEconomics #Bonds #FixedIncome Sandrine Soubeyran

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Our Canada Fixed Income Insights report is just published! Read our report for currency-adjusted performance, macro drivers, shifts in yields, spreads and curves across conventional, inflation-linked and corporate bonds within the Canadian fixed income market. Access it here: https://lseg.group/4eXEh5i #MacroEconomics #Bonds #FixedIncome Sandrine Soubeyran Robin Marshall

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I’m excited to share RBC’s refreshed approach to community investment, an evolution in how we partner with communities to help unlock solutions to drive positive impact. Through Ideas for People and Planet™, RBC, RBC Foundation and RBC Foundation USA are committing C$2 billion in community investments by 2035 to help address three of society’s most pressing challenges: the environmental crisis, a rapidly changing workforce, and growing inequalities.   Our approach is guided by three key ambitions: ·       Support the transition to a net-zero economy ·       Equip people with the skills for a thriving future ·       Drive more equitable opportunities for prosperity As Dave McKay, our President and CEO, said, “This investment reflects our commitment to driving positive change on societal challenges that threaten our collective prosperity.”   We know our community investment partners have the insights and ideas that can drive progress on societal challenges, and that is why investing in these organizations is critical. Our updated approach is designed to be flexible and responsive, supporting our community investment partners’ ideas that seed, scale and sustain solutions to help address the evolving needs of our communities.   Applications open on November 1, 2024, and I encourage charitable and not-for-profit organizations to explore our new funding criteria and share their ideas.   Let’s work together to help drive positive change. For more information, visit https://lnkd.in/gP6NCBHh.   #IdeasForPeopleAndPlanet #CommunityImpact #RBC

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Canada’s productivity rate has been declining and is now 30% below U.S. levels. Generative AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Will Canadian businesses and public sector organizations seize the moment? RBC Economics and Thought Leadership’s new report offers recommendations to help with the adoption of Gen AI to ensure its impact is positive and productive for all Canadians. Link to the full report: www.rbc.com/genai Or download the full report below ⬇️

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Canada’s productivity rate has been declining and is now 30% below U.S. levels. Generative AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Will Canadian businesses and public sector organizations seize the moment? RBC Economics and Thought Leadership’s new report offers recommendations to help with the adoption of Gen AI to ensure its impact is positive and productive for all Canadians. Link to the full report: www.rbc.com/genai Or download the full report below ⬇️

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Canada’s productivity rate has been declining and is now 30% below U.S. levels. Generative AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Will Canadian businesses and public sector organizations seize the moment? RBC Economics and Thought Leadership’s new report offers recommendations to help with the adoption of Gen AI to ensure its impact is positive and productive for all Canadians. Link to the full report: www.rbc.com/genai Or download the full report below ⬇️

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Canada’s productivity rate has been declining and is now 30% below U.S. levels. Generative AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Will Canadian businesses and public sector organizations seize the moment? RBC Economics and Thought Leadership’s new report offers recommendations to help with the adoption of Gen AI to ensure its impact is positive and productive for all Canadians. Link to the full report: www.rbc.com/genai Or download the full report below ⬇️

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Canada’s productivity rate has been declining and is now 30% below U.S. levels. Generative AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Will Canadian businesses and public sector organizations seize the moment? RBC Economics and Thought Leadership’s new report offers recommendations to help with the adoption of Gen AI to ensure its impact is positive and productive for all Canadians. Link to the full report: www.rbc.com/genai Or download the full report below ⬇️

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Canada’s productivity rate has been declining and is now 30% below U.S. levels. Generative AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Will Canadian businesses and public sector organizations seize the moment? RBC Economics and Thought Leadership’s new report offers recommendations to help with the adoption of Gen AI to ensure its impact is positive and productive for all Canadians. Link to the full report: www.rbc.com/genai Or download the full report below ⬇️

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Did you know that 13 Canadian companies were included in the 2024 Global Clean-tech Innovation Index? Our experts explain how we're helping businesses in the sector overcome obstacles and assert themselves on a global scale 🌍👇🏽 #NBCTeam

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AI in Wealth Management: Opportunity or Threat? 🤔 "An opportunity, but it will be a threat if we ignore it," said Vincent Fraser. Croesus president shares his insights on the transformative power of AI at Finance Montréal Fintech Forum 2024. While AI hasn't reshaped the industry yet, the potential is undeniable. WealthTechs are working to harness its power to empower advisors, enhance decision-making, and improve client experiences. Stay ahead of the curve and read our recap of Vincent Fraser's insights from the “AI is revolutionizing the investment landscape” panel: https://bit.ly/409yBkS Thanks to Rheia Khalaf from Mila - Institut québécois d'intelligence artificielle for her comments on the challenges to overcome before implementing this new technology in wealth management practices. Station Fintech Montréal #ForumFintechCanada #AI #WealthManagement #PortfolioManagement #WealthTech #Montreal

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Banks have a responsibility to bring positive change to Canadian society. That’s what I’m so pleased that Concentra Trust, part of the Equitable family, has launched a national Registered Disability Savings Plan (RDSP) awareness campaign to educate Canadians about an underused tool that can be enormously empowering for those with disabilities. The need for this campaign is clear as RDSPs are far less understood than its TFSA or RRSP cousins. Nearly 40% of Canadians living with a potentially eligible medical condition don’t believe they make enough money to contribute. The reality is that beneficiaries actually don’t need to contribute a cent in order to get benefits from this program....that's right it is very different than simply the tax sheltering provided with TFSAs and RRSPs and it is unambiguous that everyone that qualifies will benefit by opening an RDSP. Add compound interest into the mix and you have a truly transformative construct. Many thanks to Lillian Bayne and Michael Hayes, who were instrumental in helping me and so many other Canadians understand how an RDSP represents opportunity, empowerment and stability for those who often need it most.    I’m especially proud of the role credit unions are playing in this effort, and we’re pleased to bridge Canada’s RDSP knowledge gap with them. Our values strongly align with the credit union ecosystem’s community focus and cooperative spirit, and the deeply rooted trust they have with their members will play a crucial role in spreading the word.   I encourage you to explore the resources we’ll share in the coming months and connect with your local credit union if you or someone you know could benefit from an RDSP. Our team has put together a helpful, high-level brochure to get started:  https://lnkd.in/gbFCzccw.   #ChallengerBank #CreditUnions #RDSP   

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