Fed’s Musalem: Moving sooner with rate hikes lessens risk of hit to broader economy

The longer the trade dispute runs, the greater the possibility of future Bank of Canada rate cuts. That is especially true if tariffs begin to weigh on Canadian exports, business investment, employment, and overall economic growth.    “The Bank may need to lower rates to support the economy even with inflation running warm,” David said.    The…

The tiny home I stayed in had wheels meant to be pulled by a trailer, but it didn’t look like it had been moved recently. Located in the hidden yard of a larger home, the Airbnb stood on cinderblocks against a wall. Its wheels were not visible from the accessible side, and I thought moving…

The biggest misconception in corporate treasury modernization may be that software implementation is the finish line. For many finance organizations, replacing an enterprise resource planning (ERP) system or treasury management system (TMS) has become table stakes. The harder challenge begins afterward: translating new infrastructure into measurable improvements in liquidity, payments, forecasting and capital management. That…

Ceuta Residents Call for Calm Amid Spain’s Growing Migrant Crisis Ceuta Faces Unprecedented Migration Crisis and Political Tensions By Victoria Waldersee and Miguel Pereira Local Response to the Migrant Influx CEUTA, Spain, Sept 2 (Reuters) – Residents in Spain’s Ceuta appealed for calm on Wednesday as hundreds of rallies were planned nationwide in solidarity with…

By Christine Dobby (Bloomberg) –– Canada’s largest banks beat estimates across the board as trading and deals fueled a 35% gain from a year earlier in their capital-markets earnings, provisions for credit losses remained contained and the lenders’ domestic-banking units delivered solid results. The country’s two biggest lenders — Royal Bank of Canada and Toronto-Dominion…

Technology cannot be expected to exercise professional scepticism on the auditor’s behalf. While it can inform their professional judgement, auditors cannot invoke tech tools to explain an inappropriate conclusion, the National Financial Reporting Authority (NFRA) said on Friday.    In its first paper on “Staff Series on Technology in Audit,” NFRA laid down…