MAAM

October 20, 2022 Daily Market Commentary Canadian Headlines Trudeau’s Bold Climate Goals Belie Minimal Progress on Emissions. Prime Minister Justin Trudeau pitches Canada as a global climate leader, one that’s adopted increasingly bold climate targets and policies under his watch. But Canada’s greenhouse gas emissions tell an entirely different story. In the seven years since Trudeau [...]

October 19, 2022 Daily Market Commentary Canadian Headlines Canadian heavy crude exports from US Gulf Coast ports have sharply rebounded as India takes advantage of sharply discounted prices, according to oil-tracker Vortexa. A total of 3.3 million barrels of Access Western Blend, a crude grade produced in the oil sands of Alberta, are scheduled to [...]

October 18, 2022 Daily Market Commentary Canadian Headlines One of Canadian Prime Minister Justin Trudeau’s longest-serving economic advisers said progressive governments need to reckon with the unequal impact of inflation, arguing it requires carefully-targeted spending. Tyler Meredith, who left government last month after nearly seven years, warned that Canada’s 40-year-high inflation rate “hurts, most importantly, the [...]

October 17, 2022 Daily Market Commentary Canadian Headlines Crédit Agricole’s asset servicing banking group CACEIS signs MoU to acquire the European asset servicing activities of RBC Investor Services, according to statement. Deal includes custody, global custody FX, fund administration, transfer agency, middle office and securities lending as well as associated Malaysian center of excellence. Together, [...]

October 11, 2022 Daily Market Commentary Canadian Headlines Royal Bank of Canada expects to gain more market share in the UK wealth-management business in the years ahead, with its technological capabilities key to attracting clients. Canada’s largest bank recently completed its 1.6 billion-pound ($1.8 billion) acquisition of Brewin Dolphin Holdings Plc, vaulting its wealth-management operation to the No. 3 [...]